Mike Novogratz's NFT project has raised $100 million in funding

After the completion of the Series A round, a startup called Candy Digital is estimated at $1,5 billion

23.10.2021 - 06:45

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What's new? The recent NFT startup, created by entrepreneurs Mike Novogratz, Michael Rubin and Gary Vaynerchuk, has completed the Series A funding round and raised $100 million for further development.

Candy Digital, the NFT co. backed by @michaelrubin, @novogratz, and @garyvee, has raised $100M at a $1.5 billion valuation.SoftBank and Hall of Famer Peyton Manning are among its investors.The company will run its NFT products on the Ethereum blockchain. pic.twitter.com/mp8sjnMOZV— Boardroom (@boardroom) October 21, 2021

What is known about the project? Candy Digital is a company that works on the creation and promotion of NFT. The main focus is on the sports theme, the project has already been supported by MLB, NFL and NBA stars. In the near future, the company plans to launch its own marketplace for trading NTF.

Who was the co-financer? In the Series A round, the main players were the following companies and funds: SoftBank, Insight Partners, Athletes Syndicate, Chaos Ventures and American football star Peyton Manning.

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