The Node Foundation has received a $25 million founding grant from Micky Malka to establish a new cultural institution dedicated to digital art. The foundation aims to support digital artists and advance the digital art movement through three main pillars: presentation, education, and preservation. The initiative includes plans for an exhibition space located in Palo Alto, a city known for technological innovation. Key figures involved in the foundation include Micky Malka, Becky, Phil Mohun, Seth, and Amanda, who are recognized for their commitment to pushing digital art forward. The grant and foundation have been described as a landmark moment in art history, with aspirations to transform digital art similarly to how Apple influenced computing. The Node Foundation seeks to create engaging digital art experiences, connect artists with technologists and the public, and preserve digital artworks for the future.