{"id":51585,"date":"2021-10-21T17:44:00","date_gmt":"2021-10-21T14:44:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51585"},"modified":"2025-09-03T00:27:17","modified_gmt":"2025-09-02T21:27:17","slug":"nft-startup-candy-digital-valued-at-1-5-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nft-startup-candy-digital-valued-at-1-5-billion\/","title":{"rendered":"NFT startup Candy Digital valued at $1.5 billion"},"content":{"rendered":"<p>The Candy Digital startup, founded by Galaxy Digital founder Mike Novogratz, entrepreneur Gary Vaynerchuk, and Fanatics CEO Michael Rubin, has raised $100 million at a $1.5 billion valuation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Candy Digital, the NFT co. backed by <a href=\"https:\/\/twitter.com\/michaelrubin?ref_src=twsrc%5Etfw\">@michaelrubin<\/a>, <a href=\"https:\/\/twitter.com\/novogratz?ref_src=twsrc%5Etfw\">@novogratz<\/a>, and <a href=\"https:\/\/twitter.com\/garyvee?ref_src=twsrc%5Etfw\">@garyvee<\/a>, has raised $100M at a $1.5 billion valuation.<\/p>\n<p>SoftBank and Hall of Famer Peyton Manning are among its investors.<\/p>\n<p>The company will run its NFT products on the Ethereum blockchain. <a href=\"https:\/\/t.co\/mp8sjnMOZV\">pic.twitter.com\/mp8sjnMOZV<\/a><\/p>\n<p>\u2014 Boardroom (@boardroom) <a href=\"https:\/\/twitter.com\/boardroom\/status\/1451166343403868160?ref_src=twsrc%5Etfw\">October 21, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Series A funding round was led by Insight Partners and SoftBank through Vision Fund 2. <\/p>\n<p>Chaos Ventures and Athletes Syndicate also provided financing. The latter is represented by current and former players from Major League Baseball (MLB), the <span data-descr=\"National Football League\" class=\"old_tooltip\">NFL<\/span> and the <span data-descr=\"National Basketball Association\" class=\"old_tooltip\">NBA<\/span>.<\/p>\n<p>The company will promote <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-nfts\">NFT<\/a> with a sports focus. The first partner <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-and-fanatics-to-launch-nft-venture-candy-digital\">became MLB<\/a>.<\/p>\n<p>In late October, Candy Digital will unveil a platform that will enable NFT trading.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/nfl-nflpa-and-dapper-labs-to-launch-nft-marketplace\">Earlier in September, the NFL and the Dapper Labs planned to launch an NFT marketplace.<\/a><\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Candy Digital startup, founded by Galaxy Digital founder Mike Novogratz, entrepreneur Gary Vaynerchuk, and Fanatics CEO Michael Rubin, has raised $100 million at a $1.5 billion valuation.<\/p>\n","protected":false},"author":1,"featured_media":51586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[822,1303,1213,828],"class_list":["post-51585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-marketplace","tag-mike-novogratz","tag-nft","tag-sports"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51585"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51585\/revisions"}],"predecessor-version":[{"id":51587,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51585\/revisions\/51587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51586"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}