Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
On-chain analytics platform Nansen has announced its acquisition of StakeWithUs, a staking service provider supported by SGInnovate, a platform owned by the Singapore government.
The financial specifics of the acquisition have not been revealed by Nansen. A representative from the company informed CryptoNews, “It is a 7-figure deal.”
Nansen indicated that this acquisition will enhance its service offerings and strengthen its role as a comprehensive solution for on-chain investors.
This acquisition signifies that Nansen is expanding its focus, aiming to cater to both retail and institutional participants within the blockchain sector.
Users can access StakeWithUs’ staking services through Nansen’s on-chain analytics platform, enabling them to stake their assets directly on-chain.
Non-Custodial Staking For 20 Chains
Upon launch, Nansen stated it would provide non-custodial staking for more than 20 different assets, including tokens such as Solana, Sui, Celestia, Dydx, Akash, Cosmos, and others.
Related Posts
“This acquisition enables us to deliver a more streamlined staking experience for our users, further reinforcing our dedication to providing exceptional value and service to on-chain investors,” remarked Alex Svanevik, CEO of Nansen.
“By facilitating staking within Nansen, we are not only broadening our service offerings but also improving our support for the blockchain ecosystems we collaborate with,” Svanevik added.
Nansen Launches NSN Points Program
Nansen also announced the introduction of its forthcoming “NSN Points Program,” a loyalty initiative aimed at rewarding the platform’s community of stakers and subscribers.
Scheduled to launch in 2025, the NSN Points Program will grant points to eligible users based on their interactions with Nansen.
Points can be accumulated through activities such as staking, subscribing, and engaging in community initiatives, and can be exchanged for rewards like premium features and exclusive insights.
“Our users are central to everything we do, and the NSN Points Program is our method of expressing gratitude for their loyalty and support,” stated Svanevik.
“We believe that by rewarding our users, we can cultivate a more engaged and dynamic community, fostering further growth and innovation within the Nansen ecosystem,” Svanevik concluded.
The post Nansen Acquires Singapore-Based Staking Firm StakeWithUs appeared first on Cryptonews.
