Microsoft Leads $27 Million Early-Stage Funding in Crypto Startup Palm NFT Studio

Microsoft Leads $27 Million Early-Stage Funding in Crypto Startup Palm NFT Studio
A view of Microsoft's headquarters in Luxembourg on Nov. 10, 2014. Emmanuel Dunand/AFP via Getty Images
|Updated:

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.