Nesten

Nesten is a California-based company with a focus on utilizing the internet of things (IoT) for blockchains to develop communication networks.It was founded in 2018, and the stated mission of the company is to launch community-based network operations through integrating wireless solutions and multi-layer blockchain technology.Nesten's technology can be applied in various contexts, including cryptocurrencies, blockchains, and decentralized communication architectures.

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The products that are developed by Nesten are intended to be used for end-to-end decentralized community-based communications infrastructures, with network operation and management based on its blockchain platform. The Nesten ecosystem is designed so important processes are executed within it, such as node installation and operation and end-device use cases. It is stated that Nesten has deployed more than 700 of its wireless network nodes across major markets in both the United States and South Korea, as well as in ten other countries.

One of the company's main products is its G1 Wireless Node. It is a multi-protocol wireless node that leverages technology such as the internet of things, blockchain, artificial intelligence, and machine learning to produce real-time analytics. The company has several other products, including its G1s and G2 nodes.

Nesten has its own digital currency, called New IoT Token (also known as NIT), which is built on the Ethereum blockchain. In May 2022, the token was listed on the LA Token Exchange.