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

Clara D. Flaherty

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Blockchain information analytics platform Nansen has struck a multi-calendar year collaboration deal with Google Cloud to deliver crypto buyers with serious-time obtain to current market intelligence, the Accel and GIC-backed firm declared on Thursday. 

See relevant post: Foxconn’s Taiwan subsidiary gets investment decision from Google for metaverse assignments

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  • Working its platform on Google Cloud’s open and scalable infrastructure will support Nansen accelerate the introduction of new products, a press launch claimed. 
  • Started in 2020, Nansen is backed by marquee buyers like Accel, Andreessen Horowitz (a16z), Thailand’s Siam Professional Financial institution subsidiary SCB 10X, and Singapore sovereign prosperity fund GIC.
  • “As we draw in a lot more buyers and deliver all the market place intelligence an particular person or institution needs below 1 roof — by integrating with additional proof-of-stake (PoS) blockchain and off-chain facts resources — we’re doubling down on Google Cloud to continue to be forward of a number of growth proportions,” stated Nansen co-founder and CEO Alex Svanevik.
  • Obtain to Nansen’s information will aid current market makers, hedge fund managers, and asset professionals practice their algorithms to anticipate current market movements, deliver experiences, metrics, and perform owing diligence in just their firms’ technological innovation units, the release stated.
  • Nansen aims to use Google Cloud to link with layer-1 protocols to supply traders with a complete perspective of their portfolios across diverse wallets, the firm mentioned. 

See similar short article: Why massive investors are pouring revenue into blockchain details analytics for crypto

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