Microsoft's M12 aids crypto collective Palm NFT Studio with big funding boost
M12 took its Microsoft muscle to the blockchain party via funding assistance for Palm NFT Studio, which is pioneering its own Ethereum-based Palm NFT ecosystem.
If you're wondering what Palm means in a deeper sense, here'southward how the startup describes it: "Palm is a new NFT ecosystem for culture and creativity, built efficiently with Ethereum. The Palm ecosystem features depression gas costs, fast transaction finality, and is over 99.9% more than free energy efficient than Proof of Work systems."
You lot tin read more nigh the collective at its "most us" page, which should clear up any confusion you may have with its concise clarification of the studio'southward operations and missions. "Palm NFT Studio is a collective of technology, amusement, cryptoart and art industry leaders," the page reads. "The studio provides bespoke artistic services for artists and rights holders looking to establish NFT marketplaces and next-generation work on Palm."
All those words are part of the package M12 felt enough hope in to assistance atomic number 82 the NFT studio to a $27 million cash injection (via Reuters). M12 has a blog mail celebrating the successful funding round, wherein it highlights Palm'southward potential for not-fungible action beyond movies, television, games, music, and art in general.
For other examples of NFTs being celebrated in the art world, such every bit that of video games, check out Ubisoft's latest reveal wherein it announced it would be unleashing Non-Fungible Tokens via its new Ubisoft Quartz platform. The move from Ubisoft is attracting positive attention, so long equally you don't look at the associated media coverage, or the comments and dislikes on the official YouTube annunciation video.
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Source: https://www.windowscentral.com/microsoft-m12-aids-crypto-collective-palm-nft-studio-big-funding-boost
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