Fanatics-Owned Candy Digital Raises $100M From Insight Partners, SoftBank

Posted on by American Coins & Gold

Fanatics-Owned Candy Digital Raises 0M From Insight Partners, SoftBank
Candy Digital, a non-fungible token (NFT) startup majority-owned by Fanatics, has completed a $100 million Series A financing round co-led by Insight Partners and SoftBank Vision Fund 2 at a $1.5 billion valuation. The startup plans to use the funds to expand its NFT offerings across the global sports landscape and accelerate the growth of its workforce.Candy Digital is building the official NFT ecosystem for Major League Baseball (MLB) for fans and collectors to purchase, trade and share officially licensed NFTs. The company’s other current partners include the Major League Baseball Players Association (MLBPA), the Race Team Alliance (RTA) and…