​Nansen taps Google Cloud and Searce to bolster data services

Ruma Balasubramanian (Google Cloud)

Credit: Google Cloud

Nansen partners with Google Cloud and Searce to enable Web3 investors to make informed decisions with real-time access to market insights using the provider’s portfolio of data infrastructure and services.

Together with Searce, a global managed service provider (MSP) and Google Cloud partner, the expanded collaboration aims to accelerate Singapore-based Nansen’s introduction of product lines that serve new audiences, boost its next global growth phase and establish itself as the information “super app” for Web3.

To achieve this, Nansen will leverage Google Cloud’s analytics and compute capabilities with application programming interfaces as well as its node deployment and hosting service to connect to select Layer 1 blockchain protocols.

In addition to this, Google’s web and mobile application development platform will be leveraged to give investors an aggregated view of their portfolios across web3 native wallets such as Coinbase, MetaMask, Rainbow, Trust Wallet, and imToken. This will then form the basis of investors communicating with each other and engaging in over-the-counter (OTC) transactions within the Nansen platform.

Additionally, market makers, hedge fund managers, and asset managers can use Nansen’s proprietary data to train their own algorithms to anticipate market movements, generate bespoke reports and metrics, and perform due diligence – all in the IT systems and visualization tools mandated by their companies.

Additionally, to help clients discover and evaluate investment opportunities in smart contract platforms and trending digital assets, Nansen is expanding its database management capabilities to support 10 additional blockchains and provide an overview of the rapidly emerging sectors of the non-fungible token (NFT) market. .

“Nansen’s desire to curate large volumes of blockchain data to surface signals and make them universally accessible and useful aligns with Google’s mission,” said Ruma Balasubramanian, Managing Director of South Asia. -Is at Google Cloud.

“We are proud to partner with Nansen and contribute to its innovation and business momentum through our open, secure, scalable and sustainable cloud infrastructure, data services and collaboration tools. »

Alex Svanevik, co-founder and CEO of Nansen, described his team as “Google Cloud maximalists” because of their use of BigQuery’s “low latency searches and dynamic autoscaling capabilities” to enable analysis of “up to a petabyte of on-chain transactions”. data per day, extract millions of easy-to-understand labels that show users where the “smart money” is going, and grow our subscriber base 20x over the past year.

“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 are doubling down on Google Cloud to stay ahead of multiple dimensions of growth,” Svanevik added.

Andrei Brasoveanu, an Accel partner who backs Nansen, suggested that Web3 would not only transform finance, but also “become the fabric of gaming, culture, art, entertainment and music, with its total addressable market that is expected to expand even more in the coming years.”

“Nansen – with the deep technical experience of its founders and close collaboration with Google Cloud – is building an all-in-one platform for investors to differentiate quality from hype, emerge as winners and help the industry grow,” he added.

“The company continues to take the right strategic steps following its Series B fundraising, and we are excited to actively participate in this next phase of growth and development.”

After doubling the size of its team over the past year, Nansen has embraced Google Workspace to enable its engineers, developers, and data scientists to build innovative features that add value to the business, instead of spending too much time managing a complex IT infrastructure. .

With Google Cloud’s automated workflow orchestration, data filtering, and message delivery technologies absorbing what would have been laborious tasks for engineers, Nansen can reassign them to projects that require human creativity, while continuing to provide real-time notifications of relevant events and trends – called Smart Alerts – to help investors defend their trading positions.

“We pride ourselves on being very fast in sending out new updates,” Svanevik said. “Smart alerts to six NFT indexes – each new feature can be designed in hours, then iterated further, tested in stealth mode, and rolled out at scale.”

He explained that automating application deployment and upgrades “with zero downtime” complements Nansen’s agile product development lifecycle, as it reduces the manpower needed to run configurations back. -end manual.

As part of Nansen’s NFT Price Estimator, Nansen’s data scientists turned to Google Cloud’s Vertex AI to bring the feature to life in weeks, rather than spending months building pipelines machine learning (ML) from scratch.

On this, Svanevik pointed out that beyond building ML-powered features, building a “strong technical foundation – with skilled site reliability engineers to optimize overhead – is necessary before diving in.” deeper into artificial intelligence (AI)”.

“Nansen has now proven itself and is mature enough, from an infrastructure, data and talent perspective, to actively use services such as the Cloud Inference API and TensorFlow,” he added.

“We anticipate a lot of progress over the next few months in the development of predictive modeling and recommendation systems, to surface more AI-based investment signals that will amplify value creation in the Web3 community.”

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