ConsenSys-Backed Palm Blockchain to Host DC Comics NFT Drop
Palm – a blockchain backed by blockchain technology company ConsenSys – made a big win on Wednesday morning, announcing that it will be home to a non-fungible token (NFT) from iconic comic book publisher DC.
The NFTs will be “a thank you to its legion of loyal fans and an invitation to the DC FanDome on October 16,” Palm said in a press release announced by CoinDesk, and conference attendees will be able to claim the NFTs for free.
Similar to the “Space Jam 2” drop Palm hosted earlier this year, collectors can also claim a second NFT by sharing a social media link.
The release focuses on five popular characters from the DC Universe, including Batman, Superman, Green Lantern, Wonder Woman, and Harley Quinn. Each NFT will be a comic book cover featuring one of the characters from one of three different rarity levels.
In a statement to CoinDesk, Straith Schreder, Executive Creative Director of Palm NFT Studio said this will be the first of many DC-flavored drops:
“This is a long-term partnership with DC to explore how NFTs can shape the future of community-driven storytelling. to see how digital objects can unlock experiences and give fans real involvement in an evolving and complex comic book universe. Working with DC, Palm NFT Studio developed a large-scale drop to reward FanDome registrations with art and future benefits; Design the NFTs and create the location, strategy and infrastructure behind the collection. “
It seems like new NFT marketplaces and minting platforms are popping up every week, but the competition is fierce and it’s getting harder and harder to stand out.
NFT collectors have shown their willingness to hop between platforms, currencies, and even different blockchains to find digital goods. As a result, the issuers fight for intellectual property and licenses – those who can secure well-known brands also secure traffic and sales.
Despite being a relative newcomer to the market, Palm claims big brands. In July, the chain announced the launch of Space Jam 2-branded NFTs, developed in partnership with the native Nifties marketplace.
In addition, the chain houses “The Currency” by legendary British artist Damien Hirst – a series of 10,000 NFTs that can be redeemed for physical paintings.
Read more: Damien Hirst’s “currency” is like money, but is it good art?
However, Palm has encountered technical issues that have hampered its growth. Users often find fault with the clunky and slow cross-chain bridge to the Ethereum blockchain, and the chain doesn’t work with hardware wallets.
In addition, rival chain Flow today announced plans for National Football League collector’s highlights – a sequel to their popular Top Shot NBA collector’s highlights series.
If Palm is to be competitive in this environment, it must continue to sign major brands.