Nansen neglected DeFi amid the NFT mania.

Nansen neglected DeFi amid the NFT mania.

Despite the crypto decline in 2022, Nansen has registered over 130 million addresses.

Despite the yearlong fall in cryptocurrency markets, Nansen has reported significant growth.

Alex Svanevik, Nansen's CEO and co-founder, said the company has registered over 130 million addresses and expanded 30% despite the crypto collapse. Svanevik ascribed his achievement to Ethereum-based blockchain platforms.

Cointelegraph asked Andrew Thurman about Nansen's success. Thurman, a Simian psychometric enhancement technician, said that after the NFT frenzy, Nansen realized it would be a huge sector for the corporation. Moreover,

We neglected DeFi plans as a result. We're working to reinforce and balance it with NFTs. Our goal to be the Super App of Web3 meant NFTs were vital, but not the only thing. With Nansen's client base growing, Thurman said the firm is shifting toward commercial clients (B2B). Unlike last year, Nansen will likely have more B2B sales than individual sales by year's end. Thurman said Nansen must adapt its approach to grow and meet user demand.

Thurman spoke on the platform's new yet-to-be-launched portfolio feature that will let customers to track their assets across 40+ blockchains and over 400 decentralized finance (DeFi) platforms, as well as the recently announced Alpha research project.

Thurman said to corporations hoping to follow in their footsteps:

In terms of consumers, use cases, and market cap, cryptocurrency is growing 0-to-1. It's a huge new playing field with winners.
Related: In the first half of 2022, crypto users spent $2.7B minting NFTs.

Nansen, founded in 2020, is a blockchain analytics platform for crypto specialists and investors. Nansen is also known for index aggregates like the NFT-500, which track the top 500 ERC-721 and ERC-1155 token collections on Ethereum. Andreessen Horowitz invested $12 million last June.