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- 1 Candy Digital has announced its merger with Palm NFT which has the same agenda to connect fans across entertainment, sports, and the arts.
- 2 Both aim to provide a platform to delegate digital ownership of arts.
Candy Digital has established itself as a digital collectibles platform. It has strengthened its place in the industry by collaborating with Netflix, Getty Images, and MLB. Palm NFT delivered original and new NFT experiences for Universal Music Group, DC, and Warner Bros.
Collaboration for Increased Fan Engagement
The collaboration is focused on enhancing the engagement of common fans through blockchain technology. The Palm NFT is the center to get famous creators which include Warner Bros., Universal Music Group, DC Comics etc.
As tweeted by Candy Digital, it was founded to reimagine fandom, and the wish to strengthen communities through digital ownership. They want to change the way they connect across arts, sports, and entertainment. Additionally, in this tweet, they announced their merger with Palm NFT.
Candy Digital is a next-generation technology company. It constructs and develops officially licensed arts or premium digital collectibles. This is a way to link like-minded people with the same passions and interests. The company aims to reimagine fandoms.
About Candy Digital and Palm NFT Studio
Candy Digital is a next-generation digital collectible company that offers unique NFTs for fans and collectors. Gary Vaynerchuk and Fanatics established Candy Digital in 2021. It was created during a sports NFT boom and debuted with a Major League Baseball (MLB) partnership.
The firm which is valued at $1.5 Billion had laid off more than one-third of its team of 100 members in November 2021. Fanatics said the firm will use its existing customer base to promote Candy.
In October 2021, Candy Digital announced that it had raised $100 Million at a $1.5 Billion valuation in a series A round led by Insight Partners and Softbank’s Vision Fund 2. Candy launched with the official Major League Baseball licenses and sold a number of collections based on the league and its teams. Fanatics sold 60% of the majority stake in Candy to a group led by Galaxy Digital.
Palm NFT Studio is a creative network of non-fungible tokens (NFTs). It has introduced a Palm Generative Art Maker. It is a tool to help creators mint generative art collections on the blockchain. It facilitates in a way that without coding knowledge, creators can craft the code and store it on the chain. The tool also helps to develop the motion and 3D assets that generate the text and metadata.
Palm NFT Studio is located in Dover, Delaware, United States. Dan Heyman is the CEO of Palm NFT Studio. The currency collection was built by Palm NFT Studio in collaboration with Damien Hirst and HENI. It is an NFT-focused company. It has launched Pace Verso which is Pace Gallery’s metaverse platform.
Other News Related to Candy Digital
The most recent news includes the nomination for the Sports Business Tech Awards for best in web3 in 2023. They regulate the ecosystem where fans can buy and sell and share authentic digital collectibles to grow their interest in sports, entertainment, and culture.
Candy Digital declared its campaign for the 2023 baseball season. It is in partnership with Major League Baseball (MLB), MLB Players Inc. The Candy’s lineup for the season includes its flagship player ICONs, video highlights, game tickets, and interactive challenges for fans to earn points and win prizes.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
