Candy Digital Remains Unaffected by Fantics’ Divestment to Launch New MLB NFT

According to reports, Candy Digital, a sports NFT company, has not been affected by Fantics’ divestment to launch a new MLB NFT. It is reported that Major League Baseball will jointly launch the 2023 season digital collection series “2023 MLB Showstopper ICON” with it, including 43 MLB players. In addition, Scott Lavin, CEO of Candy Digital, also revealed that Fanatics is still one of its investors, albeit on a small scale, and suggested that there may be opportunities for cooperation in the future. （decrypt）

Candy Digital Unveils New MLB NFT Affected by Fanatics’ Divestment

In recent news, Candy Digital, a sports NFT company, has remained unaffected by Fantics’ divestment to launch a new MLB NFT. This comes as Major League Baseball plans to jointly launch the 2023 season digital collection series, “2023 MLB Showstopper ICON,” with Candy Digital, which will feature 43 MLB players. Even though Fantics has divested, Scott Lavin, CEO of Candy Digital, confirmed that Fanatics is still one of its investors, suggesting there may be opportunities for future cooperation.

What is Candy Digital?

Candy Digital is a sports and entertainment blockchain technology company that specializes in the creation, distribution, and trading of NFTs. NFTs, or non-fungible tokens, are digital assets that represent ownership or proof of authenticity of a unique item, such as artwork, collectibles, or sports memorabilia. Candy Digital’s NFTs are unique and cannot be replicated or interchanged with other tokens, making them highly valuable to collectors and fans.

Fantics’ Divestment

While Candy Digital remains unaffected by Fantics’ recent divestment to launch a new MLB NFT, it is important to understand what Fantics’ divestment means for the sports and NFT market. Fanatics is the world’s largest licensed sports merchandise company, representing over 300 leagues, teams, and universities. Fanatics’ entrance into the NFT market was highly anticipated, but their recent divestment from Candy Digital suggests they may be taking a step back from this market.

The 2023 MLB Showstopper ICON Collection

Despite Fantics’ divestment, Candy Digital has partnered with Major League Baseball to launch the 2023 season digital collection series, “2023 MLB Showstopper ICON.” The series will feature 43 MLB players and showcase their most iconic moments in the league. With Candy Digital’s expertise in NFT creation and trading, coupled with MLB’s excitement for the project, this collaboration is sure to produce highly sought-after NFTs for sports collectors and fans alike.

Future Cooperation and Opportunities

Although Fanatics has divested from Candy Digital, Scott Lavin, CEO of Candy Digital, confirmed that they still have a small investment in the company. This leaves the door open for future cooperation and opportunities between the two companies. With Fanatics’ vast network and Candy Digital’s expertise, the possibilities for collaboration are endless.

Conclusion

Candy Digital’s position in the sports NFT market remains strong despite Fantics’ divestment to launch a new MLB NFT. With their partnership with Major League Baseball and the launch of the highly anticipated 2023 MLB Showstopper ICON collection, they are poised for continued success. Furthermore, their existing relationship with Fanatics allows for potential future collaboration and opportunities between the two companies.

FAQs

1. What is Candy Digital?
Candy Digital is a sports and entertainment blockchain technology company specializing in NFT creation, distribution, and trading.
2. What does Fantics’ divestment mean for the sports and NFT market?
Fantics’ divestment suggests they may be taking a step back from the NFT market, but the impact on the sports and NFT market remains to be seen.
3. What is the 2023 MLB Showstopper ICON collection?
The 2023 MLB Showstopper ICON collection is a digital collection series featuring 43 MLB players and their most iconic moments in the league.