Utilizing Nansen‘s suite of products, projects in Google’s Web3 startup program can leverage on-chain data to stay ahead of the competition and navigate uncharted waters.
Nansen, a blockchain data analytics platform, will be working with Google Cloud in order “to provide real-time, high-quality blockchain data to projects in their new Web3 startup program.”
Projects in Google Cloud’s Web3 startup program will now be able “to unlock on-chain data and insights with a free month of Nansen Query and then 20% off their products and engagement fees for the remainder of the year.”
Blockchains are “a treasure trove of open, incorruptible financial data. With the right tools, users can pinpoint economic activity in these networks.”
Through the collection and study of this data, they “can also measure sentiment and investor behavior.”
As data-backed decision-making becomes increasingly important, it is “crucial for projects in the space to have access to blockchain data to surface insights that drive key business decisions.”
On-chain data “levels the playing field by making the strategies and activities of top participants public knowledge.”
It is “an approach driven by fundamentals rather than hype, sentiment, or technical analysis.”
The major benefit of on-chain metrics is “that they explain investor behavior and network health in real-time.”
With Nansen’s Analytics platform, projects can “gain deep insights into capital flows across various ecosystems and the happenings within the space.” The platform “features dashboards that cover everything from tokens to DeFi and even NFTs, all powered by real-time on-chain data enriched by over 250M wallet labels.”
Nansen’s participation in Google Cloud’s Web3 startup program “builds on their experience as participants of the Google for Startups Cloud Program for two years where they were able to take advantage of the benefits of the program and successfully scale.”
Alex Svanevik, CEO of Nansen, said:
“Nansen is thrilled to join forces with Google to offer the next generation of web3 builders the highest quality blockchain data for their needs. Although the transparency of blockchain data has created new paradigms of what’s possible, it is often underutilized due to the complexity, effort, and cost required to manage and curate it. By providing these teams with access to our data and expertise, we aim to help create winners in the space who can onboard the next billion users.”
In addition to full access to Nansen’s data and analytic tools, if projects require programmatic access to blockchain data, Nansen Query “will also be available.”
Nansen Query will “enable these teams to write their own queries and generate their own insights from our unique and comprehensive datasets.”
Leading industry names, “such as OpenSea and MakerDAO are already utilizing Nansen Query for various purposes, including user segmentation, market trend monitoring, competitor analysis, and powering their own in-house business intelligence dashboards.”
James Tromas, Engineering Director, Web3 at Google Cloud, said:
“Google Cloud is committed to supporting the growth of the Web3 ecosystem and the expansion of the Google for Startups Cloud Program to the Web3 community reinforces our goal of equipping blockchain developers with the tools they need to succeed. By teaming up with Web3 innovators like Nansen, we can offer unique benefits including technical resources, access to community, and discounts to Web3 startups so they can build and scale their projects.”