Palm NFT Studio
Palm NFT Studio built NFT creation and trading infrastructure on the Palm Network, an Ethereum sidechain optimized for low-cost, fast NFT minting. Founded in 2021 and based in Dover, US, it raised $27M from Microsoft's M12 before its primary domain was parked.
- Company typePrivate
- Founded2021
- HeadquartersDover, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
Palm NFT Studio firmographics
Firmographics- Name
- Palm NFT Studio
- Legal name
- Palm NFT Studio
- Website
- https://palmnftstudio.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Palm NFT Studio built NFT creation and trading infrastructure on the Palm Network, an Ethereum sidechain optimized for low-cost, fast NFT minting. Founded in 2021 and based in Dover, US, it raised $27M from Microsoft's M12 before its primary domain was parked.
- Ownership category
- akta.pro rank
Palm NFT Studio industry classification
Industry- Product category
- NFT Platform
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- NFT Minting & Creation Tooling (no-code/low-code, batch minting, generative drops) (FSAPAFAA)
- akta.pro secondary industry
- Enterprise & Brand NFT Commerce Platforms (White-Label/Embedded) (FSADANAM)
Keywords
Where Palm NFT Studio is headquartered
LocationHeadquarters
- HQ city
- Dover
- HQ country
- United States
- HQ region
- North America
Markets served
Palm NFT Studio business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- NFT and digital content creation: Palm NFT Studio operates in the NFT and digital content industry, likely generating revenue through NFT creation, sales, and potentially marketplace commissions on their platform.
Palm NFT Studio product offering
Product offeringCore offering
Palm NFT Studio operates a blockchain-based NFT platform built on the Palm Network, an Ethereum sidechain designed for efficient NFT minting and trading. The company provides infrastructure that enables creators, brands, and entertainment companies to mint and trade digital assets with lower gas fees and faster transaction confirmations than on Ethereum mainnet.
Differentiator
Problem solved
Functional benefit
Products and services
- Palm Network
Companies that use Palm NFT Studio
Customer profileSegments1 record
Ideal customer profiles1 record
Palm NFT Studio technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Palm NFT Studio partnerships and signals
Strategic signalScale indicators1 record
Palm NFT Studio competitors and assessment
Company assessmentDirect peers
- OpenSea: The largest NFT marketplace supporting multi-chain trading and minting. Direct competitor to Palm NFT Studio for NFT creators, collectors, and brand commerce use cases, with significantly greater liquidity and brand recognition.
- Magic Eden: Multi-chain NFT marketplace initially focused on Solana and expanding to Ethereum and Bitcoin ecosystems. Competes directly for NFT trading volume and creator tooling across consumer and brand use cases.
- Rarible: Decentralized NFT marketplace with no-code minting and aggregation features. Comparable as an NFT commerce and creation platform serving independent creators and brands.
- Foundation: Curated NFT marketplace and minting platform focused on digital art and creator drops. Comparable in targeting premium creators and brand collaborations on Ethereum.
- Zora: Open protocol and marketplace for NFT creation and trading, increasingly positioned as NFT infrastructure tooling for developers and brands. Directly comparable to Palm's minting and marketplace ambitions.
- SuperRare: Curated NFT marketplace and curation layer for digital art. Comparable in serving creators and collectors with emphasis on premium drops and brand-grade NFT commerce.
- Nifty Gateway: NFT marketplace specializing in high-profile artist and brand drops, including music and entertainment IP. Closely comparable to Palm NFT Studio's brand-and-entertainment focus and its Warner Bros relationship.
- Immutable: NFT infrastructure and marketplace purpose-built for gaming and digital collectibles. Comparable as a specialized NFT L2/ecosystem targeting enterprise brand and entertainment use cases adjacent to Palm's positioning.
- Manifold: Creator-focused NFT minting and marketplace tooling on Ethereum. Comparable in providing infrastructure that enables creators and brands to launch NFT drops without coding their own contracts.
Broad incumbents
- Polygon: Ethereum L2/sidechain ecosystem offering low-fee NFT minting and trading infrastructure as part of a broader multi-product platform. Competes with Palm Network on cost and developer mindshare for NFT use cases.
Market position
Customer concentration
Palm NFT Studio financial estimates
Financial estimateRevenue estimate
Valuation estimate
Palm NFT Studio leadership team
Management profileNumber of profiles
Profiles5 records
Palm NFT Studio funding detail
Funding detailFunding overview
Funding rounds1 record
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Palm NFT Studio M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Palm NFT Studio
What does Palm NFT Studio do?
Palm NFT Studio operates a blockchain-based NFT platform built on the Palm Network, an Ethereum sidechain designed for efficient NFT minting and trading. The company provides infrastructure that enables creators, brands, and entertainment companies to mint and trade digital assets with lower gas fees and faster transaction confirmations than on Ethereum mainnet.
Is Palm NFT Studio a public or private company?
Palm NFT Studio is a private company. It is classified as venture growth investor backed and is currently operating.
When was Palm NFT Studio founded?
Palm NFT Studio was founded in 2021. It employs 51 to 100 people.
Where is Palm NFT Studio based?
Palm NFT Studio is headquartered in Dover, United States, in the North America region.
How does Palm NFT Studio make money?
One revenue line is on record: NFT and digital content creation.
Who are Palm NFT Studio's main competitors?
Direct peers on record are OpenSea, Magic Eden, Rarible, Foundation, Zora, SuperRare, Nifty Gateway, Immutable and Manifold. Polygon is listed as a broad incumbent.
Does Palm NFT Studio have an API?
No public API is recorded for Palm NFT Studio.
What industry is Palm NFT Studio in?
Palm NFT Studio's product category is NFT Platform. Its primary akta.pro industry code is FSAPAFAA, NFT Minting & Creation Tooling (no-code/low-code, batch minting, generative drops), with a secondary code of FSADANAM, Enterprise & Brand NFT Commerce Platforms (White-Label/Embedded). Its NAICS code is 518 and its SIC code is 6200.