Nansen is a company that analyzes blockchain transactions, mainly on Ethereum. They focus on wallet activities and ownership.
What is Nansen
Here's how it works:
- Data Source: Nansen uses data from the blockchain. They don't control what's published there but analyze things like Ethereum Name Service (ENS) registrations, where people can assign readable names to their wallets.
- ENS Information: They track who owns these ENS names and provide insights about wallet connections.
- Educating on Privacy: Nansen teaches users about privacy risks on blockchains. If someone publicly shares their wallet, like in a news article, Nansen might label that wallet with their name because it's already public knowledge.
- Labeling Wallets: They use various methods to label wallets, like algorithms, user inputs, and more. Their goal is to be accurate to avoid mislabeling.
- Network Effect: By labeling one wallet, they can often figure out information about other wallets it interacts with, improving their overall analysis.
- Collaboration: They use and contribute to Ethereum ETL, an open-source project, showing their commitment to the blockchain community.
In summary, Nansen started in 2019 to give better insights into Ethereum wallets. They're known for providing detailed information about wallet behaviors and connections.
Team of Nansen
Alex Svanevik
CEO & Co-founder
Alex Svanevik is the CEO and Co-Founder of Nansen. He has a Master’s Degree from The University of Edinburgh in Artificial Intelligence. He has worked in countless roles as a data scientist, manager and co-founder at d5- Data Science & Engineering DAO before founding Nansen in 2019.
Lars Bakke Krogvig
Co-founder & Director of Engineering
Lars Bakke Krogvig is a Co-founder & Director of Engineering at Nansen. He has a Masters Degree in Applied Mathematics from the Norwegian University of Science & Technology and has worked as a data engineer in previous roles with d5 being his last stint before joining Nansen.
Funding of Nansen
$88,200,000
Total Funds Raised
$75,000,000
Series B
Led by Accel. Other investors were Amplify Partners,L1 Digital,Skyfall Ventures,Tiger Global Management, SCB 10X, GIC, Andreessen Horowitz, Old Fashion Research, Folius Ventures.
$12,000,000
Series A
Led by Andreessen Horowitz. Other investors were YONATAN BEN SHIMON, Will Price,Vincent Niu, Skyfall Ventures, QCP Capital,Mechanism Capital, Kevin Hu, Kabeelan , Joel John, Jeremy Kerbel.
$1,200,000
Seed Round
Led by Mechanism Capital & Skyfall Ventures. other investors were Robot Ventures, Fabric Ventures, Sparq ,Volt Capital, CTF Capital, Blockrock Capital.
Nansen review
Pros
All-Chain Compatibility
The platform supports both EVM and non-EVM chains, making it versatile and accessible for various blockchain users.
Blockchain Insights
Offers valuable insights into wallet behaviors and transactions, aiding stakeholders in understanding the blockchain ecosystem.
Transparency Enhancement
Increases transparency in blockchain transactions, building trust and accountability.
Trend Identification
Helps in identifying market trends and patterns, beneficial for informed decision-making in cryptocurrency investments.
Risk Assessment Tool
Assists users in assessing potential risks related to wallet addresses and transactions, alerting them to possible scams.
Network Effects Utilization
Infers wallet labels from interactions, improving labeling accuracy and analytics comprehensiveness over time.
Cons
Privacy Issues
Raises privacy concerns, as users’ wallet interactions can be tracked, potentially exposing sensitive information.
Risk of Misinterpretation
Data interpretation could lead to false assumptions about wallet identities or intentions.
Labeling Accuracy
Despite efforts for precision, there's a chance of errors or mislabels in wallet categorization.
Data Source Dependency
Relies on multiple data sources for accuracy, meaning any source errors could affect analytics quality.
Ethical Questions
Labeling wallets with personal identifiers might conflict with user privacy rights and consent.
Opportunities
AirdropMainnet
Minimal cost: ~150 USD
Nansen
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