What NEM does

NEM (New Economy Movement) is an open-source blockchain platform launched in 2015 and operated by the NEM.io Foundation, headquartered in Singapore with a headcount of 51-100. The platform uses a Proof of Importance (POI) consensus mechanism, an alternative to proof-of-work and proof-of-stake that scores nodes based on account activity and holdings, and issues a native cryptocurrency called XEM with a fixed maximum supply of approximately 9 billion tokens. Beyond the base ledger, NEM is differentiated by built-in Namespaces (domain-like hierarchies) and Mosaics (customizable on-chain tokens/assets), enabling issuance of smart assets without a general-purpose smart-contract layer.

The ecosystem centers on a set of developer and end-user tools: NanoWallet (a desktop wallet for Windows, Mac, and Linux), iOS and Android mobile wallets, the NIS API for blockchain data and websocket real-time access, and the nem-sdk (a JavaScript SDK for Node.js and browsers) supporting namespaces, mosaics, encrypted messaging, multi-signature accounts, delegated harvesting, and Apostille document notarization. Community-maintained NIS Wrappers extend the API to Python, Java, C#, Ruby, PHP, and Go. The platform runs a Supernode Program that rewards node operators for securing the network, and a Supernode / mobile payment module (NEMPay) supports XEM and mosaic transfers on mobile. In 2020, the foundation launched Symbol/XYM, a next-generation blockchain and a parallel sub-brand under the NEM umbrella.

NEM operates without a commercial revenue model: transaction fees on the network are paid in XEM and do not accrue to the foundation, pricing is not publicly disclosed, and no enterprise SaaS, licensing, or services line of business is documented. The entity is community-driven and governed by the NEM Foundation with open-source contribution from the NemProject developer community. Distribution is entirely through open-source channels (GitHub, npm), free wallet downloads, community channels (Discord, Twitter/X), and third-party cryptocurrency exchange listings. Customer concentration, named enterprise customers, and ARR are not applicable given the absence of a commercial sales motion.

Name

NEM

Legal name

NEM (New Economy Movement)

Website

https://nem.io

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

NEM (New Economy Movement) is a community-driven open-source blockchain platform using Proof of Importance consensus and issuing the XEM native token. It serves developers and end users with Namespaces, Mosaics, multi-sig wallets, Apostille notarization, and a JavaScript SDK.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB)

Keywords

• Blockchain platform
• Cryptocurrency infrastructure
• Developer sdk
• Digital asset tokenization
• Decentralized applications

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Distribution channels4 records

Marketing channels4 records

Core offering

NEM (New Economy Movement) is a blockchain platform with cryptocurrency functionality, offering the native XEM token as a medium of exchange and network incentive. The platform provides smart asset creation through Namespaces and Mosaics, multi-signature account support, encrypted messaging, Apostille document notarization, and a Supernode Program for network infrastructure. Developers access the platform via the NIS API and a JavaScript SDK (NEM-sdk), while end users transact through the NanoWallet desktop client and mobile wallet applications for iOS and Android.

Product overview

NEM is a blockchain platform with a modular architecture centered around the XEM cryptocurrency token. The core ecosystem includes NanoWallet (desktop wallet) and mobile wallet applications for user access, the NEM-sdk for JavaScript developers to build applications, the NIS API for blockchain data access, and specialized features including Namespaces/Mosaics (custom token creation), Apostille (document notarization), and the Supernode Program for network infrastructure. The platform supports multisig transactions, encrypted messaging, delegated harvesting, and provides NIS wrappers for multiple programming languages (Python, Java, C#, JavaScript, Ruby, PHP, Go) to enable broad developer adoption.

Differentiator

Problem solved

Functional benefit

Brands

• Symbol/XYM: Next-generation blockchain platform launched in 2020 as part of NEM's evolution
• XEM

Products and services

• XEM
• NanoWallet
• NEM Mobile Wallet
• NEM-sdk
• NIS API
• NIS Wrappers
• Supernode Program

Quantifiable outcome

• Gold miners surged 144% over two years vs gold's 89%
• +1 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators8 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• NEO: Public Layer-1 blockchain originally oriented to digital asset issuance and enterprise integration in Asia. Directly comparable positioning to NEM's Singapore base and asset-issuance focus.
• Waves Platform: Public Layer-1 blockchain with native token issuance tools and built-in DEX features. Comparable to NEM's focus on simplifying custom token creation without smart contracts.
• Tezos Foundation: Public Layer-1 blockchain with on-chain governance and native formal-verification focus. Comparable to NEM as an alternative-consensus L1 with a foundation-driven governance model.
• EOS Network Foundation: Public Layer-1 blockchain with delegated consensus and account-based architecture. Comparable to NEM as an L1 targeting dApp and enterprise deployment with an account-based model.
• Cosmos (Interchain Foundation): Ecosystem of interoperable application-specific blockchains with a foundation-governed model. Comparable to NEM as a foundation-driven L1 with a modular architecture philosophy.
• Algorand Foundation: Public Layer-1 blockchain with native asset creation, institutional focus, and novel consensus. Comparable to NEM as an L1 pursuing enterprise and institutional tokenization use cases.
• Lisk: Public Layer-1 platform with multi-language SDK strategy targeting developer adoption. Comparable to NEM's multi-language wrapper and developer-tooling emphasis.
• Stellar Development Foundation: Public Layer-1 blockchain focused on asset issuance and tokenization with native multi-currency and account features. Highly comparable to NEM's Namespaces/Mosaics approach to branded asset creation.
• Cardano Foundation: Public Layer-1 blockchain with an academic, governance-focused architecture and native token. Comparable to NEM as an alternative-consensus L1 targeting regulated and enterprise use cases.

Broad incumbents

• XRP Ledger (Ripple): Established public ledger with native token issuance, multisign, and enterprise payment focus. Comparable to NEM as a longer-tenured L1 with institutional-grade account features.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/nemofficial
• GitHubgithub.com/NemProject
• Facebookfacebook.com/ournem

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NEM