ConsenSys-Backed Palm Blockchain to Host DC Comics NFT Drop

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Palm – a blockchain that’s backed by blockchain expertise firm ConsenSys – scored a significant win on Wednesday morning, saying it will likely be residence to a non-fungible token (NFT) drop from legendary comics writer DC.

The NFTs can be “a thank you to its legion of loyal fans and an invitation to attend DC FanDome on Oct. 16,” a press launch Palm shared with CoinDesk stated, and convention attendees can be in a position to declare the NFTs without spending a dime.

Much like with the “Space Jam 2″ drop Palm hosted earlier in the year, collectors will also be able to claim a second NFT by sharing a social media link.

The release centers on five popular DC universe characters, including Batman, Superman, Green Lantern, Wonder Woman and Harley Quinn. Each NFT will be a comic cover featuring one of the characters from one of three different rarity tiers.

In a statement to CoinDesk, Straith Schreder, executive creative director for Palm NFT Studio, said this will be the first of many DC-flavored drops:

“This is a long term partnership with DC with the goal of exploring how NFTs can shape the future of community-driven storytelling; to look at how digital objects can unlock experiences, and provide fans with a true stake in an evolving and complex comic book universe. In partnership with DC, Palm NFT Studio developed a large-scale drop to reward FanDome registration with art and future utility; designing the NFTs and creating the site, strategy and infrastructure behind the collection.”

Business improvement

While it appears that evidently new NFT marketplaces and minting platforms are rising each week, the competitors is stiff and it’s more and more tough to stand out.

NFT collectors have demonstrated a willingness to hop between platforms, currencies and even totally different blockchains in pursuit of digital items. As a consequence, the battle between issuers is being fought over mental property and licensing – whoever can safe well-known manufacturers may safe visitors and gross sales.

Despite being a relative newcomer to the market, Palm is claiming massive manufacturers. In July, the chain introduced the launch of Space Jam 2-branded NFTs in-built collaboration with the native Nifties market.

Additionally, the chain is residence to legendary British artist Damien Hirst’s “The Currency” – a run of 10,000 NFTs that may be redeemed for bodily work.

Read extra: Damien Hirst’s ‘The Currency’ Is Just Like Money, however Is It Good Art?

Palm has hit technical snags which have impeded its development, nonetheless. Users continuously bemoan the clunky and sluggish cross-chain bridge to the Ethereum blockchain, and the chain doesn’t work with {hardware} wallets.

Additionally, competitor chain Flow introduced plans for National Football League collectible highlights in the present day – a successor to its standard Top Shot NBA spotlight collectible collection.

In this setting, if Palm desires to compete, it would have to proceed signing main manufacturers.