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NeMo is named after NVIDIA's official NeMo software, derived from WIRED's report on NVIDIA's promotion of agent-based software strategy and its enterprise AI agent lifecycle management concept; NeMo is developed by NVIDIA's enterprise AI team, providing capabilities such as data preparation, microservices, RAG, and data flywheel. The token is a derivative/experimental issuance aimed at developers and enterprises, intended to support the production of AI agents and ecosystem construction based on the NeMo concept.