Microsoft leads startup Palm NFT Studio’s $27M series B round

After many times talking about joining metaverse and NFT space, technology giant Microsoft has taken the first step in this field.

Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Other major backers include Griffin Gaming Partners, RRE, Third Kind Venture Capital, Sfermion, the LAO, Warner Bros. and SK Inc.