Microsoft Has Invested in Palm NFT Studio

Tech giant Microsoft has invested in Palm NFT Studio. Palm NFT Studio will distribute some NFTs for free.

Microsoft made an investment of approximately $27 million in venture funding into Palm NFT Studio. In the statement made by Palm NFT Studio, it was stated that the investment of $ 27 million will be used to scale and expand the range of services. The following statements were made by Dan Heyman, Co-Founder and CEO of Palm NFT Studio: “Within three years, the majority of NFTs will be distributed free of charge. There will be an increase in mass adoption of NFTs and as Palm NFT Studio we will lead this evolution. We foresee that we will enable millions of NFTs to be printed with utilities. These programs will connect communities and increase interaction.” Along with Microsoft, RRE, Third Kind Venture Capital, NFT investor Sfermion and The LAO also participated in the investment round.