Does fanatics own candy digital?

Effective immediately, Fanatics has divested our approximately 60% stake in Candy Digital. We have sold our interest in the NFT company to an investor group led by Galaxy Digital, the other original founding shareholder.

Who owns candy digital?

The company’s board members are Novogratz, Fanatics Chairman Michael Rubin and investor Gary Vaynerchuk. Candy Digital’s CEO is Scott Lawin. Rubin wants to position Candy Digital as one of the significant pieces to Fanatics’ digital sports platform as the company looks beyond sports merchandising.

Is Candy digital a fungible NFT?

Fanatics declined to comment. Candy Digital was founded in June 2021 in the middle of the sports NFT boom, competing with companies like Dapper Labs in the digital sports collectible space. One of its first efforts came out of a multiyear licensing agreement with MLB to produce nonfungible tokens, which included an exclusive Lou Gehrig NFT.

Did Michael Rubin buy candy digital?

Michael Rubin's sports platform company Fanatics is divesting its 60% stake in NFT company Candy Digital, according to an internal email obtained by CNBC.