fencingforum.com

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Elon Musk and Tesla found not liable in lawsuit over “funding secured” tweet

    February 4, 2023

    TikTok opens transparency center as it faces new threats of government ban

    February 2, 2023

    Boeing to retire 747 as NASA invests in sustainable aircraft design

    February 2, 2023
    Facebook Twitter Instagram
    fencingforum.com
    • Home
    • News

      Elon Musk and Tesla found not liable in lawsuit over “funding secured” tweet

      February 4, 2023

      TikTok opens transparency center as it faces new threats of government ban

      February 2, 2023

      Boeing to retire 747 as NASA invests in sustainable aircraft design

      February 2, 2023

      FTC tracks GoodRx to sell user health data

      February 1, 2023

      ChatGPT, OpenAI, Napster: AI is the future, so is litigation

      February 1, 2023
    • Crypto

      2022 Will Be Biggest Year Ever For Cryptocurrency Hacking, Report Says

      February 1, 2023

      Massachusetts Provident Solves Past Crypto Problems

      February 1, 2023

      Chiron Investigation Saves The Crypto Community With Unique Recovery Service

      February 1, 2023

      Cryptocurrency Exchange Gets Favorable Judgment In Arbitration Of Claim For Alleged Trading Loss | Proskauer – Blockchain & Law

      February 1, 2023

      Illinois Crypto Investors Share $45 Million Settlement

      February 1, 2023
    • Startup

      Proptech Startup Appoints Braves Following Competitive Pitch Today

      February 2, 2023

      Mental health startups form a union.Additionally, the Covid emergency ending in May

      February 2, 2023

      Web development startup Netlify acquires rival Gatsby

      February 2, 2023

      PitchBlack, the startup competition for black entrepreneurs, returns with a new venue

      February 2, 2023

      Meet the eight companies that make up StarTUp in The Armory’s first winter cohort

      February 1, 2023
    • Technology

      Gorilla Technology Group Appoints Lawrence Ng as Head of Asia

      February 1, 2023

      Tom Hanks, Robert Zemeckis’ new movie will use deepfake AI technology

      February 1, 2023

      See the achievements of Iran’s space technology

      February 1, 2023

      Advanced material market for nuclear fusion technology

      February 1, 2023

      12 Information Technology Stocks to Move in Wednesday’s Intraday Session

      February 1, 2023
    • Trending

      New Orleans mayor says violent crime trend is ‘encouraging’

      February 1, 2023

      Timberwolves basketball boss says Karl-Anthony Towns is ‘moving in a really positive direction’ – Twin Cities

      February 1, 2023

      What are the trends in nutrition? value, value, value.

      February 1, 2023

      Why is ‘Andrea Riseborough’s Oscar controversy’ a trend?

      February 1, 2023

      Mushrooms will continue to be a trend food in 2023 – Produce Blue Book

      February 1, 2023
    Facebook Twitter Instagram
    fencingforum.com
    Home»Startup»Report: Fanatic Sells Majority Stake in NFT Startup Candy Digital
    Startup

    Report: Fanatic Sells Majority Stake in NFT Startup Candy Digital

    admin1By admin1January 5, 20232 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Terms of the deal were not disclosed, according to CNBC.

    Fanatics CEO Michael Rubin said: CNBC, “Selling ownership at this time has allowed investors to recoup most of their investment via cash or additional shares in Fanatics. It’s a favorable outcome for investors in an imploding NFT market, where the price of a standalone NFT.”

    Rubin cited several factors in selling Fanatics, describing it as “a fairly simple and easy decision for us to make for several reasons.”

    “The past year has made it clear that NFTs are unlikely to be sustainable or profitable as stand-alone businesses,” Rubin wrote. “With the exception of physical collectibles (trading cards) which make up his 99% of the business, digital products have more value and usefulness when connected with physical collectibles and are best for collectors. We believe that it will create an experience of

    Galaxy Digital acquired the official license of Major League Baseball and founded Candy Digital with entrepreneur Gary Vaynerchuk in June 2021, at a time when the sports NFT market was booming. In October 2021, Candy Digital raised his $100 million in a Series A funding round at a valuation of $1.5 billion.

    In January 2022, Fanatics acquired Topps for approximately $500 million after also acquiring the rights to create MLB trading cards to support the initiative. However, the NFT market has fallen significantly in 2022 following the decline in the broader cryptocurrency market. In November, Candy Digital reportedly laid off at least a third of his staff of 100.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    admin1
    • Website

    Related Posts

    Startup February 2, 2023

    Proptech Startup Appoints Braves Following Competitive Pitch Today

    Startup February 2, 2023

    Mental health startups form a union.Additionally, the Covid emergency ending in May

    Startup February 2, 2023

    Web development startup Netlify acquires rival Gatsby

    Startup February 2, 2023

    PitchBlack, the startup competition for black entrepreneurs, returns with a new venue

    Startup February 1, 2023

    Meet the eight companies that make up StarTUp in The Armory’s first winter cohort

    Startup February 1, 2023

    Picnic, a food automation startup that sells pizza-making robots, lays off employees – GeekWire

    Leave A Reply Cancel Reply

    Recent Comments

    No comments to show.

    Archives

    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • March 2022
    • February 2022
    • December 2021

    Categories

    • Crypto
    • Make money
    • News
    • Startup
    • Technology
    • Trending
    • Uncategorized
    Facebook Twitter Instagram Pinterest
    • Home
    • Contact us
    • DMCA
    • Privacy Policy
    • Sitemap
    © 2023 opzionebinaria. Designed by opzionebinaria.

    Type above and press Enter to search. Press Esc to cancel.