Nansen, a Singapore-based blockchain data analytics platform, announced Wednesday the launch of Nansen Connect, a crypto-native communications hub designed to be a nexus for high-value, high-signal interactions for Web3 natives.
Nansen said in a statement that Nansen Connect’s primary feature is full blockchain compatibility and analytical access, and it prioritizes behavioral transparency by making the blockchain data of its users widely available, encouraging community building and developer accountability.
Nansen Connect allows users to log in with their crypto wallet, select a username based on their Nansen wallet labels, join groups based on crypto holdings and on-chain behaviors, send DMs to other users (with end-to-end encryption), and monitor key collection statistics and user holding information in real-time. These features are essential to the crypto ecosystem and will impact how communities form and interact.
Not only will it allow collectors and traders to monitor, in real-time, the actions of developers (dumping), but it will also reduce the risk of certain scams, such as the Discord moderator hacks that have plagued the Bored Ape community.
“While certain Web 2 platforms can be used to token-gate communities, they rely on plugins and are rife with problems. Nansen Connect offers a secure, crypto-native method for users and groups to explore the frontiers of Web 3 communication,” said Paul Harwood, Product Manager at Nansen.
“Communities will now be able to better filter noise within their own ranks, as it will be easier than ever to recognize and acknowledge the highest-conviction holders. Retail investors will have a chance to interact with some of the industry’s biggest whales, allowing them to take part in important conversations, and top performers can form groups of the most profitable people in the world in order to chat strategy,” he added.
At launch, users will be able to join groups based on their holdings, view key stats about an non-fungible token (NFT) collection, and easily move between the chat interface and user wallet profiles.
After launch, Nansen will regularly onboard new waves of communities and over time expand group options to enable users to quickly form new groups, join Smart Money-specific and other behavior-based channels, and even enable OTC trading between Connect users.
Only Nansen subscribers and holders of select NFTs will initially be eligible to join, including BAYC, Azuki, CloneX, Doodles, and Moonbirds, and a number of collections have agreed to leverage Nansen Connect as their official communication platform, including Pudgy Penguins, KajiuKingz, Cyberkongz, Hashmasks, Parallel, and others. Nansen will onboard other collections and communities over time.
“Identifying human behaviors based on their blockchain footprint is something entirely new for the ecosystem but is essentially what this technology was built for. Nansen Connect will allow the sharing of wallet information, and strategies, and even permit you to view someone’s net worth in real-time,
“This has the potential to fundamentally change the way communities form and interact with one another. It will enhance relationships and prioritize accountability in a way only a decentralized social networking application can,” said Harwood.
Nansen Connect marks the beginning of a shift for the company from an information hub to now also being a social hub. It will act as a compass for new users entering and navigating the Web3 space and set the status quo for social norms and community rules for those already participating in the ecosystem.