Candy Digital INC. Launches Marketplace for MLB NFTS

Candy Digital, a digital collectible company, has launched its secondary marketplace for MLB NFTs^[1]. According to the CEO of Candy Digital Scott Lawin, this launch is going to allow the company users to buy and sell their major league baseball NFTs and gain profit.

In addition, by launching this marketplace, the company is also hoping to attract NFT holders into their digital space to utilize all the opportunities existing in the NFT space. The company fans can now login into the company website and buy the collectibles like the play of day series, 2021 world series^[2], and team Candy Digital Jersey.

Candy Digital was started by three partners in October 2021 and has completed a $100 million Series A financing round, which has given it a total value of about $1.5 billion. However, Scott adds that setting up digital wallets, funding crypto purchases, and buying NFT might be confusing for the first time for many people.

Purchasing Process in the Marketplace

For the purchasing process, the fans will have to log on to the company website where they will be able to make their purchases. Candy Digital is already up with a fiat-first approach provision that will ease the process of buying the NFTs. Fans simply have to use an email address and make payments with their bank card on the company website.

The products sold on major marketplaces like the OpenSea^[3] and Bitski^[4] will not be presented during the launch. However, Candy Digital is making plans to add the creative, offering the homeowners the chance to link their NFTs with the candy digital platform.

According to Lawin, the succeeding months ahead will see all crypto functionalities on their platform setting up according to the company’s roadmap. These include being able to connect to a wallet, paying with crypto and linking assets onto Ethereum and other chains, and so forth.

The Effect of NFTS on the Crypto Market

The NFT market is evolving. What was viewed in the beginning as a billion-dollar bubble is entirely a universe by itself. Now more people from all walks are flocking into the market trying to get a piece of it and understand.

The introduction of NFTs into the crypto space has brought a lot of change in the market pushing the crypto market into a trillion-dollar market. The NFTs have turned mare investors into super billionaires for just a piece of art with some costing about 200 million dollars apiece.

At the time of writing, there was a brawl on the neck-to-neck competition the NFTs have brought on crypto as can be seen in the snapshot below.

If more people can come in through the Candy Digital opportunity, more will be able to secure and earn more in the long run.

* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.