NFT Platform Nameless Raises $15M, Bringing Valuation to $75M

The capital will go towards development resources, marketing and building out a partner program, says Nameless founder Jimmy McNelis.

article-image

Blockworks exclusive Art by Axel Rangel

share
  • The funding round was led by Mechanism Capital, with participation from former Dallas Cowboys football player, Dez Bryant
  • Nft42, Nameless’ parent company, secured $3.5 million in funding back in February

Nameless, a non-fungible token (NFT) minting platform, raised $15 million in seed funding, the company announced on Thursday. The capital will go towards development resources, marketing and building out a partner program, founder Jimmy McNelis told Blockworks in an interview.

“NFTs are revolutionizing digital ownership on a global scale. Whether it’s a single NFT drop or the creation of an entire marketplace, our technology makes things easy, cost-effective and secure,” McNelis, who previously worked at Google, said. 

According to McNelis, nameless’ platform allows users “to incorporate NFTs into existing web properties” and “enables [the crypto assets] to be adopted by existing developers and technology providers.”

The new investment boosts the project’s valuation up to approximately $75 million. Led by Mechanism Capital, other participants in the funding round include Delphi Digital, Velvet Sea Ventures, Red Beard Ventures, Fenbushi Capital, Third Prime, Cultur3 Capital, Flamingo DAO, Michael Rubin, Spartan Group, D64 Ventures, The LAO and Wursta Ventures.

“[Nameless is] building out technology that identifies the need for creators’ enterprises, who are just getting up to speed on the space to have a technology stack that makes it easier for them to create NFTs,” Marc Weinstein, partner at Mechanism Capital, told Blockworks.

Nft42, nameless’ parent company, secured $3.5 million in funding back in February. Backers include Gary Vaynerchuck’s VaynerFund, Sound Ventures, Mark Cuban, Marc Benioff, Shaun Neff, Guy Oseary, Michael Rapino and Outlier Venture. 

“We expect the nascent NFT industry to grow into a multi-hundred billion dollar market that disrupts many others along the way including art, gaming, music, fashion and entertainment,” Weinstein added.

Nameless’ platform plans on publicly launching early next year. It is currently in beta at nameless.io.

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /