There is consistent proximity throughout the logotype. The negative space forming the "N" makes sense with the name because looking at the logotype engages the audience when locating the "N". I also think the logotype font works well bold.
Design Books Fair Poster by Dominique Schmitz
Awesome Typography Design For Your Inspiration From up North type
Cool one and true shit ! Typography by Lex Wilson. I thought this was a clever idea that could possibly be used as a table top advertizement