- Nansen aims for AI-driven automated crypto trading platform.
- New “Signals” service employs AI for transaction analysis.
- Startup plans to leverage human expertise alongside AI.
Silicon Valley, eat your heart out
Nansen, a Singapore-based Web3 analytics firm, unveiled its ambitious plans to leverage AI for automated crypto trading.
While known for unmasking blockchain wallet identities, the company now aims to revolutionize trading through machine learning.
Nansen’s new “Signals” service employs AI to analyze transactions across multiple blockchains, filtering out noise. CEO Alex Svanevik envisions it eventually suggesting and executing trades autonomously based on users’ strategies. “It’s like the self-driving car analogy.
Someday, you’ll get there,” he states.
Analysts not quite obsolete yet
However, full automation isn’t imminent. Svanevik acknowledges the need for human expertise, likening it to finance analysts’ intuition.
“You need humans in the loop,” he explains, as identifying wallet owners often requires research beyond on-chain data.
While Signals currently aids subscription sales, Nansen hopes systematically measuring its trade suggestions’ profitability will pave the way for AI-driven trading.
To read the original article: https://www.techinasia.com/nansen-plugs-ai-web3-identify-suggest-crypto-trades
