Published on: July 16, 2024
Let's talk about the story about the Palm Foundation. Established in 2022, this non-profit organization has been on a mission to support projects on the Palm Network. It all started to boost the growing Web3 space after the Palm Network launched in 2021. The mission? To build a strong community that supports creative projects and brand partnerships, helping the network grow and thrive.
Right from the beginning, the Palm Foundation teamed up with big names like Damien Hirst, DC Comics, and Major League Baseball. This helped them become a key player in the worlds of sports, art, and entertainment within the blockchain universe. The Foundation is essential to the Palm Network's success, focusing on improving infrastructure, forming tech partnerships, and supporting projects on the blockchain. They also help the Palm Collective in supporting artist and creator-led initiatives. Driven by a love for decentralization and inclusivity, the Palm Foundation works to make Web3 accessible for underrepresented artists and creators. By providing necessary resources, support, and platforms for these voices, the Foundation aims to empower these communities. Since its founding in November 2022, it has worked to bridge gaps in the tech and creative sectors through education and opportunities, aiming to make Web3 technologies as revolutionary as mobile phones were to landlines.
The Palm Foundation is all about lifting up the work of creators, fans, brands, and developers in the Web3 space. Through smart partnerships, grants, and scholarships, the Foundation aims to expand the Palm Network's reach.
The Palm Network, an Ethereum Layer 2 solution with technology by ConsenSys and Polygon, provides a platform where arts, entertainment, and sports can thrive on-chain. It helps brands, creators, and artists leverage their intellectual property and the network's technology to deliver the next generation of digital engagement.
The Palm Collective, an essential part of the Foundation, unlocks on-chain collaboration for creatives. It offers governance-as-a-service tools that enable users to create their own governance systems, allowing them to influence the ecosystem while maintaining their independence. The Palm Communities benefit from resources that facilitate self-organization and leverage the diverse contributions of their members. Here we have a whitepaper that outlines the technical foundation and mechanics for creative communities to participate in Palm Collective, emphasizing the need for a verified Palm ID. Palm ID serves as a secure digital identity linked to the user's real-world persona, providing trust, verification, profile customization, and seamless access to the entire Palm Collective ecosystem.
Proofs within the Palm Collective are essential elements of its decentralized governance approach. They are not just badges of honor but represent the user's voice and authority in shaping the collective's future. The governance model prioritizes community contributions over token holdings, empowering the most active members through a contribution-weighted system. Proofs unlock powerful governance capabilities, symbolizing dedication and active participation in the vibrant Palm Collective ecosystem. Education is a big part of the whole effort, with Palm Academy offering top-notch Web3 courses to equip people with the skills they need. The Academy creates a collaborative learning environment where everyone can be both a student and a teacher, while also providing educational resources that enhance these efforts. Additionally, the Palm DAO fosters collective participation among Palm Collective members.
Palm Academy is a web3 online learning hub that brings together a diverse group of experts and thought leaders, each contributing their extensive knowledge and experience to the Palm Community. As a gateway to the Palm Ecosystem, the Academy bridges the gap between emerging technologies and newcomers to Web3. It operates as a customer acquisition ecosystem, continually developing tools that help learners acquire practical skills within the Palm Network. Palm Academy's multidisciplinary approach ensures fast, high-quality education, emphasizing community-driven recognition of skills. It offers courses and workshops, fostering collaboration through the Palm Collective, which supports creatives in bringing their work on-chain. Palm Academy already has classes on AI, art, music, business, and activism, for both beginners and professionals.
The Palm Foundation's success is bolstered by the support of key partners, including Palm Network, Palm NFT Studio, HENI, ConsenSys, Heyday Films, Nifty’s, Candy Digital, and Portion.
Palm Network Launch (2021) Palm Foundation Launch (2022) - Governance Rollout (2023): Initiated community-driven decision-making through Palm Network Governance. - Grant Program (2023): Expanded with collaborations like ZsONAMACO and EL PATIO, highlighting diverse artists and projects. - Getty Images and Candy Digital Collaboration: Facilitated the Call x Alchemy art collection for artists to mint their work. - Palm Academy Launch (2023): Continued launching courses and master classes to support creators with valuable Web3 skills.
Palm Network Launch
November 2022 - Foundation Launch: Officially launched, setting the stage for supporting Web3 creativity.
February 2023: - ZsONAMACO Art Exhibition: First collaboration between Palm Foundation and ZsONAMACO. - First Grantee: Awarded a grant to Cara Romero, a gifted indigenous photographer from the Chemehuevi tribe.
March 2023: - EL PATIO by ZsONAMACO: Funded 15 artists to craft an immersive installation exhibit in Baja California's desert.
April 2023: - NFTrade Partnership: Integrated the Palm Network into the NFTrade marketplace. - Call for Feminist Art: In partnership with Nadya Tolokonnikova and NFTNYC, with a call for feminist art with over 100 submissions showcased.
June 2023: - Palm Academy Launch: Committed to delivering premier Web3 education. - First Master Class: "Blockchain for Social Change" by Nadya Tolokonnikova. - Candy Digital Collaboration: Launched a Call x Art and the Candy Digital SubDAO in collaboration with Candy Digital, Getty Images, and Obscura DAO.
July 2023: - Second Master Class: "Sculpting a Digital Identity" led by Empress Trash. - Future of L2 Landscape: Participated in discussions at the Hyperlink event by Consensys. - ETHCC Paris: E.D. Andrea Lerdo spoke on "Web3 Culture and Governance."
August 2023: - zkEVM Collaboration: Palm Network, Palm Foundation, ConsenSys, and Polygon joined forces for the phase 1 road to zkEVM. -Sonification Crash Course: Launched by Palm Academy with Dawnia letsglitchit.
September 2023 - OnDora Integration: Became a member of the Palm Network as a friendly block explorer. - Local Stable Diffusion Course: Launched by Palm Academy with Purz.
October 2023: - Palm Testnet Migration to PoS: First step towards zkEVM. - Wallet Security in Web3: Course launched by Palm Academy with Sergito. - Palm Network integrates Sygma for cross-chain communication, enhancing interoperability
November 2023: - Palm Foundation Offers Residency Grants to Lagos and Momentum Studios Artists
January 2024: - Palm Collective Launch - Open Call X Digital Art ZsonaMaco 2024: Innovating the Digital Art Scene
February 2024: - Palm and Polygon introduce PolyArts Community with two open calls for artists and designers. - Palm Marks a New Era in Digital Art with the participation at ZsONAMACO 2024.
March 2024 - Palm and Obscura launch the Obscura Community, inviting all artists to the “Call x Digital Art: Egalitarian Utopia”.
April 2024 - Palm Network Pre-NFTNYC Event: Celebrating blockchain's impact on culture and entertainment with industry leaders in NYC. - Palm Academy launched its first Spanish course on Music and NFTs with Ernesto.
May 2024 - Absolute Labs and Palm Collective launch Call x Art to invite digital artists to express their Web3 visions. - Palm Academy launches 'Practical Sound Design for Artists' workshop with 409 to enhance audio skills for visual media.
The journey of the Palm Foundation is just beginning. With its dynamic partnerships, support for visionary artists, and educational initiatives through Palm Academy, the Foundation is not just shaping the future of Web3—it's making it accessible and exciting for everyone. As the Palm Foundation continues to innovate and inspire, it invites you to be part of this groundbreaking adventure. Join us in reimagining the possibilities of art, entertainment, and technology on the blockchain. Don't miss the next steps; stay tuned to Palm's official social media channels.