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About Candy
Industries
Crypto & Web3
Entertainment
Company Size
51-200
Company Stage
Early VC
Total Funding
$138M
Headquarters
Braintree, Massachusetts
Founded
2021
Overview
Candy focuses on enhancing fan and collector engagement through a specialized NFT ecosystem. The company works with athletes, artists, and content owners to create and launch unique NFT projects. Their virtual storefront allows users to explore and buy officially licensed digital collectibles, which can also be traded on a secure secondary marketplace. Candy operates within the blockchain space, utilizing a system connected to Ethereum that is designed to be 99% more efficient than traditional Proof of Work networks. This ensures a secure, scalable, and sustainable environment for creators and content owners. Unlike many competitors, Candy's partnerships with blockchain experts and notable investors like Galaxy Digital and ConsenSys Mesh provide strong support and infrastructure for its operations. The goal of Candy is to transform how fans and collectors interact with digital content and collectibles.
Simplify's Take
What believers are saying
- Futureverse acquisition enhances Candy's brand portfolio and IP partnerships.
- Partnerships with Kakao Games and METABORA expand Candy's gaming and entertainment reach.
- Integration of AI in NFT platforms can boost user engagement and experience.
What critics are saying
- Declining interest in NFTs and the metaverse may impact Candy's growth.
- Futureverse acquisition could disrupt existing partnerships and brand strategies.
- Intensifying competition in the NFT space may challenge Candy's market share.
What makes Candy unique
- Candy Digital collaborates with major brands like MLB, Netflix, and DC Comics.
- The company offers a secure secondary marketplace for trading licensed digital collectibles.
- Candy's NFT ecosystem is 99% more efficient than current Proof of Work networks.
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Funding
Total Funding
$138M
Above
Industry Average
Funded Over
2 Rounds
Insight Partners
SoftBank
New Enterprise AssociatesBenefits
Competitive salaries
Stock options
Health coverage
Unlimited vacation
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↑ 1%2 year growth
↑ 0%Futureverse has acquired Candy Digital, an NFT startup recognized for collaborations with major brands like MLB, Netflix, and DC Comics.
Futureverse, an AI and metaverse tech firm, has acquired Candy Digital, a digital collectibles platform. This acquisition grants Futureverse access to Candy's brand portfolio, including Major League Baseball, Netflix, and DC Comics, and its 4 million digital collectibles. Futureverse plans to integrate its tech with Candy's IP partnerships to enhance brand loyalty. The company, valued at $1 billion, aims to build immersive experiences despite waning interest in the metaverse and NFTs. Financial terms were not disclosed.
"Candy Digital is thrilled to join forces with Kakao Games and METABORA.
Candy Digital, is the official digital collectible partner of MLB, and they recently introduced their limited edition Gems series.
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
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About Candy
Industries
Crypto & Web3
Entertainment
Company Size
51-200
Company Stage
Early VC
Total Funding
$138M
Headquarters
Braintree, Massachusetts
Founded
2021
There are no jobs for Candy right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Candy