February 29, 2024

Tishamarie online

Specialists in technology

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

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Blockchain knowledge analytics platform Nansen has struck a multi-yr collaboration offer with Google Cloud to supply crypto traders with true-time access to current market intelligence, the Accel and GIC-backed business introduced on Thursday. 

See associated write-up: Foxconn’s Taiwan subsidiary gets investment decision from Google for metaverse jobs

Fast details

  • Running its platform on Google Cloud’s open and scalable infrastructure will help Nansen accelerate the introduction of new products, a push launch claimed. 
  • Launched in 2020, Nansen is backed by marquee traders including Accel, Andreessen Horowitz (a16z), Thailand’s Siam Industrial Bank subsidiary SCB 10X, and Singapore sovereign wealth fund GIC.
  • “As we entice additional people and provide all the sector intelligence an individual or institution needs underneath a single roof — by integrating with much more proof-of-stake (PoS) blockchain and off-chain information resources — we’re doubling down on Google Cloud to keep ahead of multiple growth proportions,” stated Nansen co-founder and CEO Alex Svanevik.
  • Access to Nansen’s information will assist market makers, hedge fund managers, and asset managers coach their algorithms to foresee marketplace actions, generate reports, metrics, and perform due diligence inside of their firms’ technological innovation devices, the release reported.
  • Nansen aims to use Google Cloud to hook up with layer-1 protocols to present traders with a in depth see of their portfolios across distinctive wallets, the agency mentioned. 

See associated short article: Why major investors are pouring income into blockchain data analytics for crypto

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