Nansen Acquires StakeWithUs To Expand Token Staking Services

According to CoinDesk, blockchain data provider Nansen has acquired staking platform StakeWithUs in a move to diversify its offerings beyond data provision. The acquisition, which cost over $1 million, marks Nansen's first venture into investment services for both institutional and retail traders. StakeWithUs, supported by the Singapore government's SGinnovate program, offers staking services across multiple blockchains. Following the acquisition, Nansen will provide non-custodial staking for over 20 assets, including SOL, SUI, OSMO, and ATOM. This integration aims to enhance Nansen's service offerings and support for various blockchain ecosystems. Staking is a process where participants lock away their tokens to help verify new blocks of data on a blockchain, receiving additional tokens as a reward. Nansen's CEO, Alex Svanevik, stated that enabling staking within Nansen not only broadens their service range but also strengthens their support for integrated blockchain ecosystems. Additionally, Nansen plans to incorporate new blockchains into its platform, including Berachain, a new layer 1 system compatible with the Ethereum Virtual Machine (EVM). Nansen will be among the first validators on Berachain's mainnet, marking its initial step into blockchain transaction validation.