• Loading stock data...
Wednesday, January 15, 2025
    More
    Innovation

    Fanatics’ NFT Platform Valued at $1.5B

    • Candy Digital completed a $100 million Series A funding round on Thursday.
    • The round values the company at $1.5 billion.
    By
    Oct 21, 2021 | 04:35 pm
    Candy Digital/Design: Alex Brooks

    Candy Digital, an NFT platform owned by Fanatics, has completed a $100 million Series A funding round valuing the company at $1.5 billion.

    The round — co-led by Insight Partners and Softbank Vision Fund 2 — includes NFL Hall of Famer Peyton Manning and Connect Ventures, an investment partnership between Creative Artists Agency and VC firm New Enterprise Associates.

    Since its launch earlier this year, Candy Digital has wasted no time building its NFT ecosystem.

    • In June, the company secured a long-term NFT deal with Major League Baseball.
    • It’s released NFTs with college athletes including Georgia quarterback JT Daniels.
    • Last week, it announced a deal with NASCAR’s Race Team Alliance.

    Candy Digital will soon unveil its beta platform, along with a line of NFTs for the MLB playoffs and upcoming World Series.

    Fanatics is reportedly looking into acquiring a sportsbook, and its newly launched trading card company raised $350 million in September at a $10.4 billion valuation.

    The company expects sales to reach $3 billion this year.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    Kristin Juszczyk (left)
    by

    How Taylor Swift Turbocharged Kristin Juszczyk From Sewing Machine to Major NFL..
    Several of the pieces sold out within the first day.
    Dec 31, 2024; Chicago, Illinois, USA; Chicago Blackhawks center Connor Bedard (98) walks out to the rink before the Winter Classic against the St. Louis Blues at Wrigley Field
    by

    Glitzy NHL New Year’s Eve Winter Classic Showcased Connor Bedard’s Star Power
    The business of Bedard—on full display—is crucial for the NHL.
    Sponsored

    How Sportradar and the NBA Are Shaping the Future of Immersive Fan..
    By transforming raw data into tailored, interactive content, Sportradar helps turn the NBA’s enormous fanbase into active participants.
    Nov 24, 2024; Los Angeles, California, USA; South Carolina Gamecocks center Sakima Walker (35) and UCLA Bruins forward Angela Dugalic (32) jockey for rebounding position during the fourth quarter at Pauley Pavilion presented by Wescom. Mandatory
    by

    Players Era NIL Tourney to Add Women’s Basketball in 2025
    Get ready for a South Carolina–UCLA rematch.

    Featured Today

    Race leader and eventual stage winner Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) in the final kilometer up the finish climb of stage 19 from Logroño to Alto De Moncalvillo (ESP/168km) of the 79th La Vuelta Ciclista a España 2024 on 6 September. // Kristof Ramon / Red Bull Content Pool // SI202409060905 // Usage for editorial use only //Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) congratulated by teammate Florian LIPOWITZ (DEU/RedBull - BORA - hansgrohe) after a very strong stage 13 from Lugo to Puerto De Ancares (ESP/171km) of the 79th La Vuelta Ciclista a España 2024 on 30 August
    by

    Red Bull Is on a Hot Streak in Sports. Can It Win..
    The company is betting on a big future in cycling.
    Ohio State Buckeyes defensive end Jack Sawyer (33) knocks the ball out of the hands of Texas Longhorns quarterback Quinn Ewers (3) and returns the fumble for a touchdown in the fourth quarter of the Cotton Bowl Classic during the College Football Playoff semifinal game at AT&T Stadium in Arlington, Texas on January, 10, 2025.
    January 11, 2025

    College Football Is Closer Than Ever to Perfecting the Championship Process
    Despite valid criticisms, the first expanded Playoff is working.
    Jan 2, 2025; New Orleans, LA, USA; Notre Dame Fighting Irish head coach Marcus Freeman (R) reacts on the sidelines in the final minute against the Georgia Bulldogs during the fourth quarter at Caesars Superdome.
    January 9, 2025

    Amid Realignment Mania, Notre Dame Stayed Independent. It Paid Off
    How the CFP semifinal-bound Fighting Irish made their business model work.
    Ohio State wide receiver Jeremiah Smith (4) celebrates a first-down catch against Oregon during the 2025 Rose Bowl in Pasadena, Calif.
    January 3, 2025

    The Biggest Changes to College Sports Are Coming in 2025
    Sweeping developments could affect the college sports foundation this year.

    More in Innovation
    by

    UFC’s Vegas Sphere Fight Should Set Records
    The MMA fight has big aspirations and a budget to match.
    August 13, 2024

    Duael’s One-On-One Racing Brackets Are Yet Another Stab at Saving Track
    Duael will debut in March 2025 with the inaugural Duael 100.
    September 8, 2024

    Guardian Caps Make NFL Debut
    Multiple NFL players wore Guardian Caps over their helmets Sunday.
    Sponsored

    How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture
    As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
    August 11, 2024

    Guardian Caps Have Arrived in the NFL—Ahead of Schedule
    Colts star Jonathan Taylor strapped one on for Sunday’s preseason game.
    August 5, 2024

    How Omega Timing Determined Noah Lyles Won Olympic Gold
    Omega touches every corner of the Olympics.
    The Adidas ball has changed over the years.
    July 25, 2023

    The Most Advanced Tech at the Women’s World Cup Might Surprise You
    This year’s OCEAUNZ introduces connected ball technology to the women’s game.
    Sponsored

    Rewriting the Sports Media Playbook
    WSC’s highlight automation improved Clemson’s content strategy and overall growth.