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Nansen expands its services by acquiring StakeWithUs, enabling users to stake assets onchain across 20+ blockchains.
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Nansen, a blockchain analytics firm, has announced its acquisition of StakeWithUs, a Singapore-based staking service provider, to broaden its range of services.
According to a press release shared with Cointelegraph, the move aims to improve the analytics firms’ ability to offer a more comprehensive platform to retail and institutional investors.
In a written Q&A with Cointelegraph, Alex Svanevik, CEO of Nansen, explained that the new unified platform will allow users to “stake their tokens seamlessly with our validators across 20+ blockchains.”
Related: Ether price drop due to investor sentiment, not $420M ETF outflows — Nansen
Staking services integration
According to the press release, StakewithUs, supported by SGInnovate, offers secure staking services across multiple blockchain networks and will facilitate this directly onchain on Nansen’s platform.
When asked about the new staking opportunities, Svenevik stated, “Yes, users will be able to stake their assets directly onchain through the Nansen platform.”
“Initially, we will focus on providing non-custodial staking for over different 20 assets including Solana, Sui, Celestia, Dydx, Akash, Cosmos, Osmosis, Band, Skale, Certik […].“
Related: Galaxy launches $113M crypto fund, Nansen launches Ether ETF dashboard: Finance Redefined
Expansion of influence and challenges
Nansen’s role as one of the first validators for Berachain’s mainnet, an Ethereum Virtual Machine (EVM)-compatible layer-1 blockchain, is a significant milestone for the analytics firm.
On the topic of staking and potential plans for restaking in the future, Svanevik explained that the firm has “no plans for restaking at the moment.”
Svanevik did explain that there are plans to expand the list of non-custodial staking options, adding “support for additional tokens based on user demand and market trends.”
“One challenge is maintaining industry-best uptime and security. Nansen is fully committed to meeting the highest standards on both as a trusted brand in this space.”
Related: Nansen launches industry-first Ether ETF analytics dashboard
Nansen partners with Aptos, ZachXBT
On July 17, Nansen partnered with the layer-1 blockchain Aptos, aiming to offer the chain’s users onchain analytical tools to bolster the ecosystem’s growth.
Despite the collaborative expansion for Aptos’ growth, the blockchain recently received a critique from onchain detective ZachXBT, who described Sui’s and Aptos’ blockchain explorer capabilities as “not great.”
ZachXBT also stated that he saw Aptos Foundation employees liking his comment but stated, “I would not talk [because] your tools are not any better.”
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This article first appeared at Cointelegraph.com News
