Microsoft leads $27 mln early-stage funding in crypto startup Palm NFT Studio – Reuters
- Date: 10-Dec-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Microsoft leads $27 mln early-stage funding in crypto startup Palm NFT Studio – Reuters
Dec 9 (Reuters) - Crypto startup Palm NFT Studio said on Thursday it had raised $27 million in an early-stage funding round led by Microsoft Corp's venture fund M12 with participation from venture firm Griffin Gaming Partners.
Palm NFT, co-founded by Joseph Lubin, offers services for artists to establish NFT marketplaces. Lubin was also one of the co-founders of ethereum, the world's most popular cryptocurrency after bitcoin.
An NFT is a digital asset that exists on a blockchain, which serves as a public ledger, allowing anyone to verify the asset's authenticity and ownership. NFTs have a unique digital signature and cannot be reproduced.
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