Based on a report by CNBC, citing an internal email obtained, Sports apparel and memorabilia firm Fanatics is selling a 60% stake in sports-focused NFT company Candy Digital to a group led by Galaxy Digital.
Galaxy Digital set up Candy Digital along with entrepreneur Gary Vaynerchuk and Fanatics in the middle of 2021 during a booming period for the sports NFT market. In Oct. 2021, Candy Digital raised $100 million in a Series A funding round at a $1.5 billion valuation.
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