Funding

While Namso has no publicly available information about our funding, we are proud to say that we are a self-funded, VC-free DePIN project.

Is that a bad thing?

Short answer: No. Long answer: Having no venture capital backing does not always mean that the project is less likely to succeed. It doesn't work like that. In fact, relying on external funding can sometimes introduce constraints as venture capital is essentially a borrowed capital. Developers who take on VC funding often must prioritize returning the investment according to agreed terms, usually in multiple folds, which can influence decisions, project direction, and long-term vision, and in many cases, puts the project at serious risk of failure. This is a common reason why projects struggle or fail shortly just after launch as obligations to external investors act like an anchor on the developers' heels, limiting flexibility, compromise strategic goals and influence team decision-making. Namso, by contrast, is entirely self-funded. We leverage our expertise, experience in the crypto space and strong connections to guide the project’s growth while maintaining full control of our token supply instead of giving away huge chunk of it to VCs. In addition, the Google Cloud $300K credits grant supports our infrastructure needs, running coordination and reliability services such as task scheduling and validator synchronization, without introducing any external financial obligations. Self-funded, VC-free projects are not uncommon and have a proven track record of success, take Hyperliquid as a prime example.

We have been building and shipping for almost a year and there's no stopping, we remain fully committed to delivering on our roadmap and long-term vision.