Candy Digital, a leading digital collectible company founded by entrepreneurs earlier today, announced its series A1 fundraising round led by Galaxy and ConsenSys Mesh, with contribution from 10T Holdings and ConsenSys, among others.
Candy Digital Fundraise and Collaboration
According to a press release, Candy Digital’s collaboration with the leaders of the Ethereum blockchain technology and decentralized protocols — ConsenSys Mesh and ConsenSys, will enable both parties and Candy to boost the growth of its platform, tooling, and experience potentials with a priority on Web3 functionality.
Launched in 2021, Candy Digital is a next-generation technology company that designs and develops officially licensed, premium digital collectibles. The company aims to strengthen its fandom by creating more digital collectibles and experiences that will continue to scale and expand its flagship digital products, that include ICON trading cards, Tickets, and Highlights.
Scott Lawin, CEO of Candy Digital, noted, “The ability of Candy to deliver institutional-grade products and services to our sports, entertainment, and culture partners and customers is critical during periods of market volatility. Candy Digital remains committed to reimagining fandom in a Web3 world and is excited to lead the charge into the next phase of the market’s evolution.”
Notably, Candy Digital’s Series A1 funding comes after the company’s recent partnership with some big firms such as Getty Images, Netflix, the Race Team Alliance, and the WWE.
“We believe that this collaboration will be a driving force in empowering creators, players, and fans to take control of their economic, expressive, and political agency in an increasingly decentralized community-centric global economy, said Joseph Lubin, Founder, and Chairman of ConsenSys Mesh and CEO of ConsenSys.
“Together with Candy, ConsenSys Mesh and ConsenSys will help shape the future of community-driven, Web3-enabled collectibles, events, and experiences,” concluded Lublin.