Palm Foundation

What Palm Foundation does

Palm Foundation is a non-profit organization established in 2022 to steward the Palm Network, an Ethereum-compatible blockchain launched in 2021 specifically designed for NFTs and digital collectibles in sports, arts, and entertainment verticals. The Foundation's mission centers on expanding access to web3 creative spaces through educational initiatives, grants, mentorship programs, and partnerships with major brands. It serves a dual customer base: individual artists and creators seeking to build onchain, and enterprise brands deploying NFT collections. Operating under New York jurisdiction with governance channeled through Palm DAO, the Foundation employs 11-50 staff and maintains active presence across Instagram, Twitter/X, Telegram, and LinkedIn.

The Foundation oversees an interconnected ecosystem comprising the Palm Network blockchain infrastructure, the Palm Collective initiative (launched 2023 to promote impactful digital art globally), and Palm Academy (an educational platform providing accessible web3 resources). Notable enterprise deployments include HENI's The Currency collection with Damien Hirst (10,000 NFTs), Major League Baseball's first digital collectible platform in partnership with Candy Digital, and DC Comics' Bat Cowl Collection (200,000 unique NFTs). The Foundation does not operate as a commercial product vendor; revenue mechanics are not publicly disclosed and distribution occurs indirectly through platform partners such as Candy Digital who handle end-customer interfaces, while Palm Academy enables self-serve onboarding for individual creators.

The Foundation's go-to-market motion is community-led, amplifying artists and developers through partnerships, educational programs, and grant initiatives. The organization emphasizes inclusion in the web3 ecosystem, highlighting that women represent only 16% of NFT creators, and aligns with advocacy figures to broaden participation. While the underlying Palm Network demonstrates technical activity through enterprise deployments, the Foundation itself functions as an organizational layer focused on stewardship, education, and ecosystem coordination rather than direct revenue capture.

Name

Palm Foundation

Legal name

Palm Foundation

Website

https://palmfdn.org

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Palm Foundation is a non-profit steward of the Palm Network, an Ethereum-compatible blockchain supporting NFTs and digital collectibles for sports, arts, and entertainment enterprises and individual creators.

Ownership category

akta.pro rank

Product category

Web3 / Blockchain Infrastructure Stewardship

NAICS

Grantmaking Foundations (813211), Religious, Grantmaking, Civic, Professional, and Similar Organizations (813)

akta.pro primary industry

Community Foundations (BPAGAKAB)

akta.pro secondary industry

Corporate Foundations & CSR Grantmaking (BPAGAKAC)

Keywords

• Blockchain infrastructure
• NFT ecosystem support
• Digital collectibles platform
• Web3 education programs
• Non-profit foundation

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Go-to-market motion1 record

Distribution channels2 records

Marketing channels9 records

Core offering

Palm Foundation is a non-profit organization that stewards the growth and development of the Palm Network, an Ethereum-compatible blockchain designed specifically for NFTs and digital collectibles in the sports, arts, and entertainment sectors. The Foundation supports creators and developers through grants, scholarships, educational initiatives such as Palm Academy, and community programs such as Palm Collective, while enabling enterprise partners (including HENI, MLB, and DC Comics) to deploy NFT collections on the Palm Network.

Product overview

Palm Foundation operates as a steward organization supporting the Palm Network, an Ethereum-compatible blockchain specifically designed for NFTs and digital collectibles in the sports, arts, and entertainment sectors. The foundation oversees multiple interconnected offerings: the Palm Network (core blockchain infrastructure), Palm Collective (a global digital art promotion initiative launched in 2023), and Palm Academy (an educational module providing accessible web3 resources). The ecosystem also includes high-profile projects such as HENI's The Currency (Damien Hirst's NFT-artwork hybrid), MLB Digital Collectibles (in partnership with Candy Digital), and DC Comics' Bat Cowl Collection. Together, these products form a comprehensive Web3 creative ecosystem supporting artists, developers, and enterprise partners in building on-chain experiences.

Differentiator

Problem solved

Functional benefit

Products and services

• Palm Network An Ethereum-compatible blockchain network purpose-built for NFTs and digital collectibles in the sports, arts, and entertainment verticals. Provides the underlying infrastructure for NFT deployments by enterprise partners and creators; positioned as an energy-efficient alternative to traditional NFT platforms.
• Palm Collective A global community initiative dedicated to promoting impactful digital art and supporting artists and creators building onchain in the web3 creative space; encompasses the Palm Academy educational program.
• Palm Academy An educational platform offering accessible, inclusive web3 resources for newcomers, including no-code tools development, mentorship, and partnership programs aimed at expanding participation in the Palm Network ecosystem.

Quantifiable outcome

• Palm Network launched in 2021, Foundation established in 2022
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered flagship and core.

• DC ComicsflagshipStrategic or Co-development Partner · 1 January 2022The Bat Cowl Collection - 200,000 unique 3D-rendered Batman cowl NFTs. Each NFT unlocks special features including comic book voting, AR lenses, early access to DC3 collections, premiere screenings, archive tours, and in-world games. A comprehensive entertainment experience leveraging the Palm Network.
• HENI / Damien HirstflagshipStrategic or Co-development Partner · 1 January 2021The Currency collection - a landmark project by legendary artist Damien Hirst consisting of 10,000 NFTs connected to 10,000 original artworks. Collectors could choose to keep the NFT or exchange it for the physical artwork, with the physical work being destroyed if the NFT was kept. This represents a major artistic and cultural milestone for the Palm Network.
• Major League Baseball (MLB)flagshipStrategic or Co-development Partner · 1 January 2021MLB partnered with Palm and Candy Digital to deliver the MLB's first digital collectible platform. The project features participant challenges, rare cards, and a simple interface, showcasing what is possible on the Palm Network for major sports leagues.
• Candy DigitalcoreTechnology or IntegrationCandy Digital serves as the primary platform partner for MLB and DC Comics digital collectible projects on the Palm Network, providing the user interface and commerce infrastructure for these NFT collections.
• Palm CollectivecoreStrategic or Co-development PartnerPalm Collective was launched in 2023 as a community initiative dedicated to promoting impactful digital art globally. It supports artists and creators building the future of art onchain, and includes the Palm Academy initiative providing accessible, inclusive educational resources for those new to web3.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• NEAR Foundation: Foundation backing the NEAR Protocol ecosystem with grants and ecosystem growth initiatives, analogous in structure and mission to Palm Foundation's grant-and-education-led approach.
• Tezos Foundation: Non-profit foundation stewarding the Tezos blockchain, with a notably strong grants program for digital art, music, and creative verticals - directly comparable to Palm Foundation's arts-and-culture mission and grantmaking approach.
• Polygon Foundation: Foundation stewarding the Polygon blockchain ecosystem with grant programs for builders and enterprise integrations - the closest analog in scale and structure to Palm Foundation as a non-profit steward of an L2-focused on NFTs and enterprise use cases.
• Solana Foundation: Foundation stewarding the Solana network with grant programs and ecosystem development - comparable as a non-profit blockchain steward focused on driving developer and enterprise adoption.
• Foundation (foundation.app): NFT platform explicitly built for creators (especially digital artists) to mint and sell work onchain - directly comparable to Palm's mission of supporting artists in web3, though operating more as a marketplace than a foundation.

Emerging players

• Sorare: Sports NFT platform offering officially licensed digital collectibles - directly comparable to Palm's MLB partnership, though focused exclusively on football/soccer IP.
• SuperRare: Curated NFT marketplace for individual digital artists with a focus on quality and community - comparable in addressing the digital-art creator segment that Palm Collective also serves.
• Art Blocks: Generative-art NFT platform curating high-quality digital art drops on Ethereum - overlaps with Palm's digital-art focus and partnership-driven curation, though Art Blocks is a marketplace rather than a foundation.
• Candy Digital: Sports-focused NFT platform that has co-deployed MLB and DC Comics projects with Palm - comparable as a channel partner in the sports NFT vertical but operates as a for-profit platform rather than a non-profit steward.

Broad incumbents

• Ethereum Foundation: Non-profit steward of the Ethereum ecosystem, on which Palm Network is built - comparable as the dominant non-profit blockchain foundation, though vastly larger and operating at the base-layer rather than vertical-specific layer.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/palmfdn
• LinkedInlinkedin.com/company/my-palm-foundation
• Instagraminstagram.com/palmfdn
• Facebookfacebook.com/61559805281432

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Palm Foundation