Smart talk app

Clear Discord? Nansen launches messaging app for Web3 communities

In short

  • Cryptanalysis firm Nansen has launched a messaging app called Nansen Connect.
  • The app requires the use of a crypto wallet and is aimed at the NFT and crypto communities.

Discord is the title chat app of choice for the Web3 community, ranging from NFT projects to DAO Communities-but frequent scams take the brilliance of service. Now Crypto Analysis Platform Nansen has a new solution for connecting communities in space.

Today the company announced Nansen Connect, a messaging app that lets users log in with a crypto wallet and then connect to groups based on their crypto holdings and that NFT they verifiably own. The company describes the app as a “crypto-native communication hub” for Web3 communities.

Nansen has become a favorite of many NFT traders because of its “smart money” ranking and other features designed to give users insight into what top investors are doing with their holdings. Launching a social app is new for Nansen, but it will build on the company’s existing data and features to enhance the experience.

“Nansen is already a key clearinghouse for the crypto world, and our core offering – wallet tagging for just 120 million Ethereum addresses – focuses on exposing identities and behaviors in the crypto world. blockchain data noise,” said product manager Paul Harwood. Decrypt. “Creating a social product is a natural evolution for these core competencies.”

According to the company, Nansen Connect will leverage on-chain data, including current holdings and transaction data, to provide users and communities with useful context. Connect users will be able to see an individual’s crypto net worth, for example, as well as see funds in a project’s treasury or find out if an influencer has dumped token holdings.

“Users can hold influencers and other project leads to account by monitoring cashflows and dumping in real time, and some members can be elevated because they are proven holders,” Harwood explained. “All of this information will be easily accessible, and we can’t wait to see how it shapes the conversation.”

In addition to this additional context, Harwood believes Nansen Connect can “help mitigate some of the security vulnerabilities that we are seeing in the ecosystem.” The service requires a wallet login and then allows access to certain groups based on the NFTs or tokens the user holds, meaning “only proven members” have access to certain communities, he said. added.

With Discord, there have been instances where community admins or moderators have been victimized. phishing or social engineering schemes. These hacked accounts are then able to lure unsuspecting users into scams that can steal NFTs from their connected wallets. Twitter has also seen a number of scams tweeted from hacked accounts—even checked.

While Discord remains ubiquitous in the wider Web3 space as a way to connect collectors and communities, it’s also gaining more and more criticism amid increasingly high-profile scams.

Earlier this month, after the Bored Ape Yacht Clubit is The Discord server was exploitedpseudonymous co-creator of the project Gordon Goner tweeted“Discord doesn’t work for Web3 communities. We need a better platform that puts security first.”

A Nansen Connect screenshot. Image: Nansen

Similarly, in May, the former Proof Collective (Lunar birds) chief operating officer Ryan Carson tweeted, “All of us on Web3 need to stop using Discord and move to a secure, newbie-friendly solution.” He added, apparently in reference to another scam, “This is ridiculous and completely infuriating.”

Nansen Connect will start with a limited user base: subscribers to its analytics service, as well as owners of Ethereum NFT like Bored Ape Yacht Club, Moonbirds, doodles, Azuki and CloneX. Gradually, other communities will be integrated.

Additionally, the company said that some NFT projects have confirmed their intention to use Nansen Connect as their official community platform, including chubby penguins, HashmasksKaijuKingz and CyberKongz.

In addition to group features, the app will also offer direct messaging between users with end-to-end encryption enabled. Over time, Nansen plans to add more group options, including “smart money” channels, and will also enable user-to-user trading.

Nansen isn’t the first platform to experiment with wallet-based messaging – the Rarible NFT Market announced a wallet-based messaging feature last November, with plans to open it up to the entire Web3 ecosystem. Nansen’s offering, meanwhile, seeks to take advantage of the platform’s existing data and try to provide a more secure communication tool for communities.

It’s also a change for Nansen, signaling the growing ambitions of the startup which recently raised $75 million in December. According to Harwood, the launch moves Nansen “from the go-to source of information for blockchain data to an all-in-one super app for Web3.”

Want to be a crypto expert? Get the best of Decrypt straight to your inbox.

Get the biggest crypto news + weekly digests and more!