nameless
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
nameless (nft42) is an NFT software company founded by Jim McNelis. It develops API software for the issuance, testing and sale of non-fungible tokens, so brands and developers can securely integrate NFTs into their platforms. On October 28, 2021, nameless closed a $15 million seed round led by Mechanism Capital at a $75 million valuation (backers included Velvet Sea Ventures, Red Beard Ventures, Delphi Digital, Fenbushi Capital, Sound Ventures and Gary Vaynerchuk's VaynerFund; its parent company nft42 had earlier raised $3.5 million from investors including Mark Cuban and Salesforce CEO Marc Benioff). Clients and partners included Sotheby's, Snoop Dogg and VeeFriends. No shutdown, bankruptcy or acquisition has been reported.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Seed round
On October 28, 2021 nameless closes a $15 million seed round led by Mechanism Capital at a $75 million valuation.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.