1. What is NMC?

NMC (Namecoin) is a cryptocurrency that was launched in 2011. It is a fork of Bitcoin, based on the same blockchain technology but with different design goals and applications. Here are the main features of NMC:

1. Domain Name System: The primary use of NMC is as a decentralized domain name system (DNS). It allows users to register and manage domain names on the blockchain, enabling access to websites and other online services without relying on traditional DNS systems.

2. Decentralization: The decentralized nature of NMC means it is not controlled by any single entity, which ensures that domain registration and management are completely open and transparent.

3. Security: NMC employs cryptographic techniques to ensure the security and ownership of domain names, making it very difficult for them to be stolen or tampered with.

4. Community-Driven: NMC is a community-driven project, relying on contributions and participation from volunteers for its maintenance and development.

Overall, NMC is a cryptocurrency focused on providing decentralized domain services, aimed at offering internet users a more secure and open domain management system.

2. Who founded NMC?

NMC (Namecoin) was founded by Vincent Durham in 2011. Previous information may have been incorrect, as Dirk Kabrluchi is not the founder of NMC.

3. Which venture capitalists invested in NMC?

According to the information provided, the text does not directly mention which venture capitalists invested in the cryptocurrency NMC (Namecoin). It mainly discusses investments in Ethereum and other cryptocurrency projects, such as:

• Wanchain Blockchain Labs and Distributed Capital's early support for Ethereum.
• Investors behind Axie Infinity, including Libertus Capital, Blocktower Capital, Konvoy Ventures, etc.
• Investors in OpenSea, including a16z, Cultural Leadership Fund, Ron Conway, etc.

Therefore, it is not possible to determine which venture capitalists invested in NMC from the information provided.

4. How does NMC work?

NMC (Namecoin) is a cryptocurrency based on Bitcoin technology, primarily used to provide a decentralized domain system. Here are the key points of its operation:

1. Distributed Domain System: NMC uses blockchain technology to create a decentralized domain system (DNS), making domains immune to control by governments or large corporations, thereby achieving censorship resistance.

2. Domain Registration: Users can register domain names ending in ".bit" using NMC tokens, which are not restricted by traditional DNS systems, allowing for higher privacy and security.

3. Merge Mining: NMC allows for merge mining with Bitcoin, meaning miners can mine both Bitcoin and NMC simultaneously, increasing their earnings.

4. Transactions and Upgrades: The transaction and upgrade process of NMC involves using NMC tokens for transaction fees, and the upgrade process is conducted through linked NMC tokens to ensure account security.

5. Security Features: NMC's decentralization and censorship resistance enable it to provide a more secure domain service, preventing interference from governments or other authoritative bodies.

In summary, NMC has implemented a decentralized domain system through blockchain technology and merge mining, providing a more secure and censorship-resistant domain service.