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.
We’re excited to welcome @PalmNft—a one-stop shop for leading creators and brands to power their NFT projects across movies, games, music, and art—to the M12 portfolio as lead of their Series B funding round. https://t.co/TcV8BlSCPs
— M12 – Microsoft’s Venture Fund (@M12vc) December 9, 2021
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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