Nansen strikes deal with Google Cloud to provide real-time market data

Blockchain data analytics platform Nansen has entered into a multi-year collaboration agreement with Google Cloud to provide crypto investors with real-time access to market insights, the Accel and GIC-backed company announced Thursday.

See related article: Taiwanese subsidiary of Foxconn receives investment from Google for metaverse projects

Fast facts

  • Running its platform on Google Cloud’s open and scalable infrastructure will help Nansen accelerate new product introductions, according to a press release.
  • Founded in 2020, Nansen is backed by well-known investors including Accel, Andreessen Horowitz (a16z), Siam Commercial Bank’s Thai subsidiary SCB 10X and Singapore’s sovereign wealth fund GIC.
  • “As we attract more users and bring together all the market information an individual or institution needs under one roof – by integrating more proof-of-stake (PoS) blockchain and off-chain data sources – we’re doubling down on Google Cloud to stay ahead of multiple dimensions of growth,” said Nansen co-founder and CEO Alex Svanevik.
  • Access to Nansen’s data will help market makers, hedge fund managers, and asset managers train their algorithms to anticipate market movements, generate reports, metrics, and perform due diligence within systems. technologies of their companies, according to the press release.
  • Nansen aims to use Google Cloud to connect to Layer 1 protocols to provide investors with a comprehensive view of their portfolios across different portfolios, the company said.

See related article: Why Big Investors Are Investing Money in Blockchain Data Analytics for Crypto

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