On-chain analytics firm Nansen launched an extended version of their Web3 app, Connect, to everyone with a crypto wallet. The new version of the Web3 app follows a close beta phase launched in June 2022, according to a press release shared with Bitcoinist.

In crypto, investors can gain an edge over other participants by engaging in communities. The latter is particularly true for the decentralized finance (DeFi) and non-fungible token (NFT) sectors, where early users are often rewarded. Connect was created to facilitate this process.

ETH’s price moving sideways on the daily chart. Source: ETHUSDT Tradingview
Nansen Provides More Use Cases To Crypto Wallets

The new version of the Nansen Web app is available for MetaMask, WalletConnect, and Coinbase Wallet. Users can install the app and access exclusive NFT communities, send private messages to other crypto wallets, and access insights and Nansen data.

Connect will also allow users to set up alerts and to link with hardware wallets, including popular brands like Ledger and Trezor. Communications with the Web3 app will be protected by end-to-end encryption. Laveen Manghnani, Product Manager at Connect, said the following on the Web3 app and its potential to allow users to build communities and create new social links across the nascent space:

As the Web3 ecosystem experiences augmented growth, it’s vital that users, communities and projects can connect, socialize, build, and discover alpha together on a secure, crypto-native platform. This is where Connect comes in, offering users a way to start and join conversations using blockchain data — where every wallet is an identity, and every token is a community.

The Web3 app represents a significant milestone for Nansen and a new tool for the Web3 and NFT communities. The on-chain analytics platform is shifting into a “social hub” with a more significant focus on communities. Manghanani added:

Ultimately, we see this app as a compass to help users navigate the frontiers of Web3 — a world where rules and social norms are still in the process of being established.

No More Projects Dumping On Retail

In addition to providing access to exclusive communities, users can see which community members are genuinely invested in a project. In that sense, Connect is a tool to make the NFT space more transparent and developers more accountable.

The Web3 app lets users set up alerts, as mentioned, on whether a developer is “dumping” or selling their tokens in the market. This feature might help people to avoid scams or shady projects with unclear token economics.

6/ What’s next?

• Enabling anyone to create a new community on #Connect

• More personalization

• Improved accessibility incl. a mobile version of Connect

• Integrations with your favorite marketplaces

Read our blog for details: https://t.co/c4MCdMutGR

— Nansen (@nansen_ai) October 19, 2022 

According to the press release, Connect will allow users and communities:

(…) to better filter noise within their own ranks, as it will be easier than ever to recognize and acknowledge the highest-conviction holders – an informational overlay that will fundamentally alter how group chats operate.