Candy

Digital asset platform for NFTs and collectibles

Braintree, Massachusetts, United States

About Candy

Candy focuses on enhancing the way fans and collectors engage with digital assets 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. 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 sets Candy apart from competitors in the NFT space. The company's goal is to provide a sustainable platform for creators and content owners while fostering deeper connections between fans and their favorite digital assets.

Braintree, MassachusettsHeadquarters
2021Year Founded
$134.2MTotal Funding
EARLY_VCCompany Stage
Crypto & Web3, EntertainmentIndustries
51-200Employees

Benefits

Competitive salaries
Stock options
Health coverage
Unlimited vacation

Risks

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.

Differentiation

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.

Upsides

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.

Funding

Total raised$134.24 M
Latest valuation$190.00 M
StageEARLY_VC