PalmNFT (PALM)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:
• ConsenSys described the new project as an ecosystem for NFTs.

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Ethereum sidechain (31-3-2021) built with Hyperledger Besu. Plans a migration to zk rollups using Polygon Chain Development Kit (9-2023).
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From Crypto Briefing (31-3-2021):

“Palm is a new token-powered ecosystem for NFTs, which is connected to Ethereum, and features low gas costs, fast transaction finality, and 99% more energy efficiency than proof of work systems.”

Scaling

• From Crypto Briefing (31-3-2021):

"Will move to Layer 2 solutions over time."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Usage

Projects that use or built on it

• From Crypto Briefing (31-3-2021):

"The first project to launch on the ecosystem is by UK contemporary artist Damien Hirst, most known for his work displaying animals in formaldehyde and his huge roadside installations of babies in utero. Hirst broke records by raising $198 million at his one-artist auction at Sotheby’s auction house in 2016. Hirst’s NFT project is called The Currency Project, comprised of 10,000 different pieces of art created over the course of five years. The collection aims to challenge the “concept of value through money and art. Hirst previously sold art for NFTs via the HENI platform, now partnered with Palm."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

• From Crypto Briefing (31-3-2021):

"ConsenSys founder and Ethereum co-founder Joe Lubin launched Palm jointly with HENIGroup and Heyday Films."

Partners

• From Crypto Briefing (31-3-2021):

"Along with Uniswap, partnered projects include $MEME, Nifty’s, Protocol Labs, MetaMask, and Infura."

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