The funds will be used to expand Candy Digital's NFT product offerings in the global sports market, including creating new experiences for fans, the company announced Thursday. Candy's existing associations include Major League Baseball, Major League Baseball Players Association, Race Team Alliance, and various college athletes.
The NFT game proposal is in question due to the refusal of regulators and traditional players
The Series A round was co-led by private equity firms Insight Partners and Softbank (T: 9984) Vision Fund 2, with additional participation from Connect Ventures, Will Ventures, Gaingels, Com2Us and Athletes Syndicate.
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