Palm NFT Studios Raises $27 Million with Microsoft
Posted: 14 Dec 2021, 14:18
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.
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.