• Loading stock data...
Sunday, June 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
    by

    NFL Acquires More of Genius Sports to Boost Betting, Data
    The league is poised to become the data company’s largest shareholder.
    July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.
    by

    Joe Dumars Leaving NBA League Office to Run Pelicans
    Joe Dumars was the architect of the 2004 champion Pistons.
    Oakland A's
    by

    Fanatics Blames ‘Technology’ Error for Mixed-Up MLB Ads
    One image had a fan wearing a Twins jersey and Guardians hat.
    Mar 20, 2025; Providence, RI, USA; Arkansas Razorbacks forward Karter Knox (11) controls the ball against Kansas Jayhawks during the first half at Amica Mutual Pavilion.
    by

    Men’s March Madness Sets Opening-Day Viewership Record
    CBS Sports and TNT Sports scored big with Arkansas–Kansas.

    Featured Today

    Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.
    by

    Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble
    The revamped soccer event debuts amid controversy.
    Jun 10, 2025; Nashville, Tennessee, USA; United States head coach Mauricio Pochettino stands during the anthem against the Switzerland during the first at Geodis Park
    June 14, 2025

    Gold Cup Is Complicated for USMNT—but U.S. Soccer Has Its Eyes on..
    Uncertain tournament success isn’t fazing forward-looking U.S. soccer.
    Jan 24, 2017; Davidson, NC, USA; The Davidson Wildcats student section cheers during the first half against the Duquesne Dukes at McKillop Court at John M. Belk Arena. Davidson defeated Duquesne 74-60.
    June 6, 2025

    Every College Wants a Flashy Basketball GM Hire Right Now
    The role is more important than ever, and the definition is ever-evolving.
    August 31, 2024; Columbus, Ohio, USA; The Goodyear blimp flies over Ohio Stadium during the first half of Saturday’s NCAA Division I football game between the Akron Zips and the Ohio State Buckeyes.
    June 6, 2025

    Why the Goodyear Blimp Is at Every Major Sports Event
    The airship wasn’t built to cover sports. Now it’s a regular presence.

    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

    Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley
    Ted Leonsis unpacks basketball’s global rise, media rights, and portfolio ownership.
    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.