Palm NFT Studio
874 Walker Rd, Dover, Delaware, 19904, United States
Overview
Palm NFT Studio is a collective of entertainment, technology, cryptoart and art industry leaders set up to on-ramp artists, creators and rights owners who want to establish NFT marketplaces and next-generation creative works on Palm.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Computer
Investment portfolio
- Nifty
Participated · Seed · Jul 2021
Nifty's operates a social NFT platform that allows users to create, collect, discover and curate digital art and collectibles through curated galleries and social playlists. The platform emphasizes accessibility and an intuitive experience intended for both tech novices and experienced collectors. Nifty's launched with a high‑profile Warner Bros. partnership to issue limited‑edition Space Jam: A New Legacy NFTs and to onboard fans via gallery registrations and social sharing. The Space Jam NFTs were developed using Palm NFT Studio's blockchain technology, which the announcement says reduces energy consumption by 99%, and Palm sponsored transaction fees for a limited time. The company says its catalogue includes millions of pieces curated via proprietary technology, and it aims to attract premium publishers, brands, creators, collectors and curators. Financially, Nifty's announced a $10 million seed round to support platform development and community growth. Nifty's is building the first NFT-focused social media platform to bring together premium publishers, brands and creators with collectors, curators and fans. The platform enables members to create, collect, discover, and curate digital art and other collectibles from across the NFT ecosystem. Leveraging the acquired MEME Protocol technology, Nifty's aims to provide creators a premium, flexible and safe place to launch NFTs while centralizing scattered collectible content. The company plans to officially launch later this spring and will host a formal opening of curated galleries. Leadership includes CEO and co-founder Jeff Marsilio and several co-founders who joined via the MEME acquisition, as well as hires such as VP of partnerships Shanon Kelley. Financially, Nifty's closed a pre-seed financing that funded the MEME technology acquisition and team expansion.