Nomina (previously Omni) is an Ethereum-native interoperability protocol designed to make the Ethereum rollup ecosystem feel like a single unified chain for users and developers​. The network acts as a “chain abstraction” layer that connects Ethereum Layer-2 rollups, allowing developers to deploy their dApp on one rollup yet reach users and liquidity across all major rollups without needing any smart contract modifications or manual bridges​.

Project Function

Nomina Core: The core protocol and blockchain that powers Nomina’s cross-chain functionality. It includes the cross-chain messaging system and the Nomina EVM execution layer, which is an EVM-compatible environment where cross-rollup transactions are executed and settled.

Cross-Chain Messaging: Nomina Core is the base layer that provides a decentralized, low-latency cross-rollup messaging protocol for passing data and calls between chains.

SolverNet: A decentralized network of solver nodes (bots) that run alongside Nomina Core. This functions as middleware that dApps can tap into for cross-chain execution without building their own bridging logic.

Developer Tools: Nomina offers documentation and SDK resources for builders. Smart contract developers can integrate Nomina without rewriting their contracts (since Nomina works with standard Ethereum contracts) and can run Nomina validator nodes or become solvers to support the network.

Unified Application Platform: By using Nomina, projects can offer cross-chain features in their applications (like cross-rollup swaps, lending, or governance) through one interface.

Token Utility 

NOM is the native token of the Nomina Network which can be used as:

Gas Currency: NOM is used to pay gas fees for processing cross-rollup transactions and for any computation on the Nomina network’s own EVM chain.

Staking and Security: NOM can be staked (or delegated) to Nomina validators who run the network’s nodes. By staking NOM, participants help secure Nomina’s proof-of-stake consensus and cross-chain validation process, alongside restaked ETH that further bolsters security​.

About The Founders

Austin King (Co-Founder & CEO) – Prior to Nomina, King worked at Ripple, where he helped design the Interledger protocol for global payments​. He also has experience at Microsoft and had previously founded a payments startup while at Harvard. (Linkedin)

Tyler Tarsi (Co-Founder & CTO) – Tarsi’s background is in software engineering and quantitative finance. Before Nomina, he developed machine learning infrastructure for a high-frequency trading firm. (Linkedin)

Risks of NOM

Like an investment in other crypto NOMs, there are some general risks to investing in NOM. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto NOMs and Uphold’s platform, please refer to the Risks Specific to Holding Digital NOMs statement.

In addition to these general risks, an investment in NOM is subject to the following specific risks:

NOM operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto NOM Statement is not an exhaustive description or summary of all risks associated with NOM. Investors should conduct their own research and perform their own assessment before trading any crypto NOM to determine the appropriate level of risk for their personal circumstances.

The NOM community and Nomina founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of NOM have no recourse to the NOM community, Nomina founding team, or Uphold if NOM declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto NOMs, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing NOM on the Uphold Platform, Uphold performed due diligence on NOM and determined that NOM is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

The creation, governance, usage, and design of NOM, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 

The supply, demand, maturity, utility, and liquidity of NOM.

Any marketing materials put forward by the NOM social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

Material technical risks associated with NOM, including any code defects, security breaches and other threats concerning NOM and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

Legal and regulatory risks associated with NOM, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of NOM.