Candy is developing a blockchain-based NFT ecosystem on Ethereum that enables fans and collectors to purchase, trade, and engage with officially licensed digital collectibles in a secure marketplace. The platform addresses inefficiencies in current NFT transactions by utilizing a purpose-built architecture that is 99% more efficient than traditional Proof of Work networks, ensuring scalability and sustainability for creators.
Funding
$38.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CMGDFounders
Product
Problem
Current NFT marketplaces often suffer from high transaction fees and environmental concerns due to their reliance on energy-intensive Proof of Work (PoW) blockchains. This can limit accessibility for fans and collectors and raise sustainability issues for creators.
Solution
Candy provides a blockchain-based NFT ecosystem built on Ethereum, designed for fans and collectors to buy, trade, and engage with officially licensed digital collectibles. The platform utilizes a purpose-built architecture that claims to be more energy-efficient than traditional PoW networks, aiming to provide a more scalable and sustainable environment for NFT transactions. This approach seeks to address the inefficiencies associated with conventional NFT marketplaces, offering a secure and accessible platform for digital collectibles.
Target Audience
The primary audience includes fans, collectors, and creators interested in officially licensed digital collectibles and NFTs.
Features
- Secure marketplace for officially licensed digital collectibles
- Blockchain-based NFT ecosystem on Ethereum
- Energy-efficient architecture compared to traditional Proof of Work networks