Candy Digital, a sports and entertainment NFT startup founded in 2021 and valued at $1.5 billion that same year, laid off a large portion of its workforce today, a source close to the situation confirmed to Decrypt. Candy laid off more than one-third of its approximately 100-person team, according to sources close to the company, according to Sportico. One former employee, Community Content Manager Matthew Muntner, confirmed his departure via Twitter. Michael Rubin, executive chairman of sports merchandise giant Fanatics, along with Galaxy Digital founder and CEO Mike Novogratz and entrepreneur and investor Gary Vaynerchuk, founded Candy Digital in June 2021.
