NEM

Blockchain Infrastructurenem.io

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.

Company typePrivate
Founded2015
HeadquartersSingapore, Singapore
Headcount51–100
GTM typeB2B
OfferingSoftware

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.

NEM firmographics

Firmographics

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

NEM industry classification

Industry

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

Where NEM is headquartered

Location

Headquarters

HQ city: Singapore
HQ country: Singapore
HQ region: Asia

Markets served

NEM business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Distribution channels4 records

Marketing channels4 records

NEM product offering

Product offering

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

Companies that use NEM

Customer profile

Segments2 records

Ideal customer profiles3 records

NEM technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Feature7 records

NEM partnerships and signals

Strategic signal

Scale indicators8 records

Recent moves4 records

Expansion highlights4 records

NEM competitors and assessment

Company assessment

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

NEM financial estimates

Financial estimate

Revenue estimate

Valuation estimate

NEM leadership team

Management profile

Number of profiles

Profiles6 records

NEM funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

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

NEM M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about NEM

What does NEM do?

Is NEM a public or private company?

NEM is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was NEM founded?

NEM was founded in 2015. It employs 51 to 100 people.

Where is NEM based?

NEM is headquartered in Singapore, Singapore, in the Asia region.

Who are NEM's main competitors?

Direct peers on record are NEO, Waves Platform, Tezos Foundation, EOS Network Foundation, Cosmos (Interchain Foundation), Algorand Foundation, Lisk, Stellar Development Foundation and Cardano Foundation. XRP Ledger (Ripple) is listed as a broad incumbent.

Does NEM have an API?

Yes. NEM provides a JavaScript SDK (nem-sdk) for Node.js and browser environments. The SDK offers 22 NIS API requests with promises, websockets for real-time blockchain data, and includes namespaces: nem.com (requests, websockets), nem.crypto (keyPair, helpers, nacl, js), nem.model (address, objects, fees, network, nodes, sinks, transactions, transactionTypes, wallet), and nem.utils (convert, helpers, format, nty, serialization). API available at https://nemproject.github.io/ for NIS API and http://www.nem.ninja/org.nem.core/ for NEM Core API. Developer documentation is at nemproject.github.io.

What industry is NEM in?

NEM's product category is Blockchain Infrastructure. Its primary akta.pro industry code is FSAPACAB, Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters). Its NAICS code is 52321 and its SIC code is 6200.