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Palm NFT Studios Raises Goliath $27 Million with Help of Microsoft


Progressive NFT management platform, Palm Studios, has raised a massive $27 million in Series B funding. The incredible sum was raised through a highly polished investment drive with Microsoft’s venture fund, M12, leading the way, swiftly followed by a number of additional investors, including, Griffin Gaming Partners, RRE, Third Kind Venture Capital, Sfermion, Warner Bros, and more.

This huge injection of additional funds will allow Palm to effectively scale its technology platform while simultaneously allowing it to launch a larger number of NFT projects. These endeavours will largely focus within the realms of entertainment, fine art, gaming, and creative culture, with several high profile partnerships already on the way. Concurrently, Palm Studios will also continue to improve its native layer 2 scaling solution, the Palm Network.

Palm NFT Studios launched just 8 months ago, and is now positioning itself as one of the leaders in the industry by providing an efficient method of launching large-scale, high-profile drops, with a focus on ease of use, regulatory compliance, and environmental sustainability. Other notable collaborations include the Damien Hirst “The Currency” collection, and Warner Bros, Space Jam 2 movie.

Palm NFT Studios website >> Here

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

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