THELOGICALINDIAN - Microsofts Venture Armamentarium M12 has spearheaded a new Series B advance armamentarium for Palm NFT Studio according to columnist absolution letters apparent this week
Palm utilizes Layer-2 Ethereum and has Ethereum co-founder and ConsenSys architect Joseph Lubin aural it’s administration team. Let’s booty a attending into this week’s announcement, and what we can apprehend from Palm NFT Studio in the future.
Microsoft’s M12 adventure armamentarium is arch the Series B advance for the 8-month old NFT platform. The Palm NFT Studio has already appear a brace above projects that it has supported, including Damien Hirst’s The Currency and Candy Digital’s advancing agenda affairs with Above League Baseball.
Palm intends to serve as a absolute Layer 2 band-aid that can acutely be whitelabeled beyond some of the better projects in the NFT space. For example, in contempo weeks, the belvedere announced that Nifty and Warner Bros. would be teaming up for 100K ‘Matrix-inspired’ NFTs, congenital on Palm’s network. Other bequest IP releases, including Amplitude Jam 2, accept been facilitated by Palm, with the platform’s name abundantly activity under-the-radar appropriately far.
The arrangement has additionally appear a Creator Engagement Program in contempo months, in which artists can accept beyond all applicative mediums and accept their assignment amplified through a array of amusing media accoutrement that Palm will advice drive.
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The chase in both NFT marketplaces and solutions-based blockchain platforms continues to evolve, with a growing bulk of competitors in both areas anniversary week. It’s allotment of the arising advance of the broader ecosystem of Web 3.0, which by architecture is cartoon in above ‘Web 2.0’ players.
The allotment from this Series B is reportedly activity appear ascent new operations, including a flurry of new hires. Other advance firms afterward Microsoft’s advance on this allotment annular accommodate Griffin Gaming Partners, RRE, Third Kind Venture Capital, and more.
The belvedere acutely approaches NFTs altered than abounding others. CEO and co-founder Dan Heyman believes that “within three years, best NFTs will be accustomed abroad for free,” abacus that his close is accession itself to advance Heyman’s eyes of “millions of NFTs with utility; amusing altar that affix communities, drive engagement, and accolade accurate fans.” So while abounding platforms admire the exclusivity, Heyman and aggregation see accessibility as an authoritativeness – and while groundfloor projects like Bored Apes and CryptoPunks ability consistently accept that ‘diamond status,’ we could be headed appear a beachcomber of massively attainable NFTs that authority 18-carat account and use case features.
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