Will Nansen issue a token? The platform was valued at $750M after its Series B funding in 2021. Here’s my analysis of the possibility of @nansen_ai launching a token from three angles: 1/ Investor lineup Backers include top-tier institutions like a16z and Coinbase Ventures. In the Web3 space, this kind of setup usually signals that tokenization is an inevitable long-term option. 2/ Hints from the NSN points program In September 2024, Nansen officially launched its points program. Key info lies in the FAQ wording. When asked about token issuance, the official stance is a vague “not denying” approach. Currently, points can be earned through subscriptions, staking, referrals, etc.—a typical token warm-up mechanism. 3/ Evolution of the business model Recently, Nansen introduced in-app trading features, transitioning from a pure analytics tool to an integrated “research + execution” platform. This kind of model upgrade usually requires tokens as an incentive layer for the ecosystem. Pro tip: Start earning points now: https://nsn.ai/chaos