Candy

Candy

Digital asset platform for NFTs and collectibles

About Candy

Simplify's Rating
Why Candy is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Rating Differentiation

Industries

Crypto & Web3

Entertainment

Company Size

51-200

Company Stage

Seed

Total Funding

$134.2M

Headquarters

Braintree, Massachusetts

Founded

2021

Overview

Candy focuses on enhancing the way fans and collectors interact with digital assets through a specialized NFT ecosystem. The company works with athletes, artists, and content creators to develop and launch unique NFT projects. Their virtual storefront allows users to browse and buy officially licensed digital collectibles, which can also be traded on a secure secondary marketplace. By utilizing blockchain technology, specifically a system connected to Ethereum, Candy ensures that its NFT ecosystem is efficient, secure, and scalable, operating with 99% more efficiency than traditional Proof of Work networks. This efficiency, along with partnerships with notable investors and blockchain experts, sets Candy apart from competitors. The main goal of Candy is to create a sustainable and engaging platform for fans and collectors to connect with their favorite content.

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Simplify's Take

What believers are saying

  • Candy Digital's partnership with Kakao Games expands its reach in the gaming industry.
  • The rise of 'phygital' collectibles aligns with Candy's innovative NFT offerings.
  • NFT-based loyalty programs present new engagement opportunities for Candy Digital.

What critics are saying

  • NFT market volatility could significantly impact Candy Digital's revenue and asset value.
  • Integration challenges from the Palm NFT Studio merger may disrupt operations.
  • Intensifying regulatory scrutiny on NFTs could increase compliance costs for Candy Digital.

What makes Candy unique

  • Candy Digital partners with top brands like MLB, NASCAR, and WWE for exclusive NFTs.
  • The company uses a 99% more efficient Ethereum-based network for sustainable NFT transactions.
  • Candy Digital's merger with Palm NFT Studio enhances its digital collectible offerings.

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Funding

Total Funding

$134.2M

Above

Industry Average

Funded Over

2 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Competitive salaries

Stock options

Health coverage

Unlimited vacation

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

-3%
CryptoPotato
Apr 4th, 2024
Candy Digital Announces Landmark Partnership with Gaming Publisher Kakao Games and Developer METABORA

"Candy Digital is thrilled to join forces with Kakao Games and METABORA.

NBC Los Angeles
Apr 4th, 2024
Dodgers pitcher Yoshinobu Yamamoto's rookie card sells out in seven minutes

Candy Digital, is the official digital collectible partner of MLB, and they recently introduced their limited edition Gems series.

Decrypt
Mar 8th, 2024
Batman Back On Blockchain With 'Legacy Cowls' Ethereum Nfts

Your Web3 Gaming Power-Up Enjoy exclusive benefits with the GG Membership PassDecrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEThe Dark Knight is returning to the Ethereum ecosystem in a new NFT collection commemorating the 85th anniversary of Batman's first appearance in "Detective Comics #27."The Legacy Cowls Collection is the next installment of the Bat Cowl Batman-themed NFT series that debuted in 2022. Made in collaboration with DC Comics and Warner Brothers Discovery Group, The Legacy Cowls Collection spans 11,544 digital collectibles using the Ethereum scaling network Palm that will drop on March 29 and be available via Candy Digital.Pricing details were not immediately available. Candy Digital is releasing as many Legacy Cowls as the number of original Bat Cowls released in the original 2022 drop. Owners of those NFTs have gone on to help shape the comic story that inspired this latest set of digital collectibles.ADAD“Batman is one of the world’s most iconic superheroes, with hundreds of millions of fans around the world. His story has shaped comic culture,” Candy Digital Chief Creative Officer Straith Schreder told Decrypt

TobyChristie.com
Jan 23rd, 2024
RTA Media Completes Series B Funding for Racing America Platform

The RTA partnered with Candy Digital in 2022 to produce special limited edition digital collectible NFTs of cars that would compete in the Daytona 500 that season.

Getty Images
Oct 19th, 2023
Candy Digital and Getty Images Unveil New Physical & Digital Art Collection Exploring The Origins of Paranormal Photography

What: Candy Digital, a next‑generation fan engagement platform, and Getty Images, a preeminent global visual content creator and marketplace, today announced the launch of a new collection, Ghost in the Machine.

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