Candy Digital – DIGIT INFO

NFT market slump shows it’s maturing toward ‘genuine utility,’ execs argue

DIGIT — Sun, 15 Oct 2023 23:05:00 +0000

Decentraland Foundation executive director Yemel Jardis believes as people become more educated about NFTs, the focus will shift from speculative trading to genuine utility.

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NFT-optimized Palm Network to become a Polygon ZK Supernet

DIGIT — Thu, 27 Jul 2023 13:00:00 +0000

The Ethereum sidechain will transition to a proof-of-stake network this August and become a full-fledged layer 2 based on Polygon’s zero-knowledge protocol in 2024.

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Filecoin Creator Protocol Labs Announces Layoffs Amid Crypto Winter and Economic Downturn

DIGIT — Sun, 05 Feb 2023 11:35:11 +0000

Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially in the crypto industry.” Protocol […]

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Report: Fanatics to Sell 60% of Candy Digital Stake Amid Struggling NFT Market

DIGIT — Thu, 05 Jan 2023 23:30:19 +0000

Fanatics, the retailer specializing in licensed sports merchandise, is divesting 60% of its stake in the non-fungible token (NFT) company Candy Digital, according to reports. The company is selling its Candy Digital stake to an investor group associated with billionaire Mike Novogratz and his firm, Galaxy Digital. Report Says Sports Retail Giant Fanatics to Sell […]

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Fanatic sells 60% stake in Candy Digital amid ‘imploding NFT market’

DIGIT — Thu, 05 Jan 2023 04:11:49 +0000

The sports merchandise giant has got cold feet in the shrinking NFT market.

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Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff

DIGIT — Tue, 29 Nov 2022 17:00:18 +0000

With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off […]

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Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more

DIGIT — Tue, 29 Nov 2022 04:56:18 +0000

Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.

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WWE Inks Long-Term Deal With Fanatics to Push Official Merchandise, Trading Cards, and NFTs

DIGIT — Tue, 29 Mar 2022 19:30:11 +0000

The media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, has inked a long-term partnership with the global digital sports platform Fanatics. According to the deal, Fanatics will work with WWE across various ventures such as officially licensed merchandise, trading cards, and non-fungible tokens (NFTs). WWE Partners With Fanatics, Wrestling Entertainment Firm […]

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American Collectibles Giant Topps Launches Series 2 MLB NFT Collection

DIGIT — Wed, 06 Oct 2021 04:00:09 +0000

The American company that produces Bazooka chewing gum, candy, and collectibles, Topps Company, Inc., announced the launch of the second series 2021 Topps Baseball NFT collection. The latest non-fungible token products from Topps follow the company’s MLB Inception NFT collection release. The collectibles company Topps says that it’s the firm’s largest MLB NFT launch ever. […]

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Nifty News: Kobe Bryant NFTs, tokenized baseball stadiums, and more…

DIGIT — Tue, 24 Aug 2021 08:09:01 +0000

Fame Lady Squad is relaunching after its male creators were outed, the MLB issues tokenized stadiums, and rare Kobe Bryant photos are up for auction.

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