Diffusion Digital 2020 - Base Camp Q&A with Nyctale

TL;DR

Nicktail founders Blaze and Pierre discuss developing blockchain analytics tools for business intelligence in the crypto industry.

Transcript

oh thank you alive yeah we are hello heads up um hey everyone thanks for for joining us for what is the first of seven uh q a's with our our base camp teams um for those who don't know i'm scott um i ran the base camp program here at outlaw adventures and the guys when we stay are blaze and pierre who are the co-founders of nicktown um we'll hear a... Read More

Key Insights

• 👨‍💼 Nicktail focuses on blockchain analytics for business intelligence in the crypto industry.
• 📼 Blaze and Pierre aim to measure the fundamental value of crypto assets and decentralized applications.
• 🤩 Their tool uses machine learning to analyze wallet behaviors, derive key performance indicators, and provide insights for financial institutions.
• 📼 Understanding the value of crypto assets is crucial for disrupting existing systems and promoting better behaviors in the industry.
• 🤗 Nicktail's open DeFi initiative provides analysts with access to valuable data for shaping insights and understanding on-chain activities.
• 😜 By defining personas and clustering wallets based on activities, Nicktail creates sophisticated KPIs for ranking assets.
• ❓ Their data analysis highlights investment and usage behaviors in the crypto industry.

Questions & Answers

Q: How did Blaze and Pierre come up with the idea for Nicktail?

Blaze and Pierre's journey started in high school, where they discovered blockchain technology and saw potential in its data for improving pricing algorithms based on their engineering and finance backgrounds.

Q: Why is understanding the fundamental value of crypto assets crucial?

Crypto assets challenge monopolistic positions and provide new network effects and incentives that require measuring and analyzing to disrupt existing systems effectively, making it crucial for the industry's evolution.

Q: How do Blaze and Pierre analyze wallet behaviors across different networks?

By clustering wallets based on activities, using machine learning on blockchain data to label wallets, defining personas for behavior analysis, and generating key performance indicators for various assets.

Q: What is the significance of Nicktail's open DeFi initiative?

Nicktail's initiative allows DeFi analysts access to valuable data to shape insights, helping them understand crypto assets' on-chain activities and real product usage.

Summary & Key Takeaways

• Blaze and Pierre, co-founders of Nicktail, joined Outlaw Adventures' Base Camp program to develop blockchain analytics tools.

• They aim to understand fundamental value in crypto assets, measure decentralized application performance, and provide business intelligence tools for financial institutions.

• Using machine learning on blockchain data, they create personas to analyze wallet behaviors and derive key performance indicators for various assets.