Microsoft Leads $27M Funding Round for Palm NFT Studio

Microsoft Leads M Funding Round for Palm NFT Studio
Microsoft’s venture arm is leading a $27 million bet on NFT studio Palm.The funding will be used primarily to scale the company’s operations with a slew of new hires, a representative of the studio told CoinDesk.Palm works with companies and brands to help them create NFT projects, using Ethereum on the backend. It’s exactly the type of blockchain service that Microsoft and its M12 Venture Fund sees potential in – on an enterprise level.“We’re focused on early stage B2B,” M12 managing director Matt Goldstein told CoinDesk in an interview. “When we look at [Palm’s] pipeline, it’s media brands and art…