.CandyDigital saw $2.7 million in sales volume following the launch of its MLB NFT marketplace this weekend. elitanjourno reports
was released on Ethereum, still boasting a 4.5 ETH floor price on the popular secondary market OpenSea, the platform sees the network's gas fees as unsustainable to its business model.
“If you're selling products for $20 or $50, dealing with gas costs and transaction speeds on [Ethereum] mainnet is an issue, and the gas costs on Palm are close to zero,” Scott Lawin, CEO of Candy Digital, told CoinDesk in an interview.It’s a sentiment that’s become common in today’s NFT landscape, with non-Ethereum marketplaces on blockchains like Solana and Flow finding their niches among largely non-crypto-native audiences.
“We have a thesis that there is no one-size-fits-all,” Lawin said. “And so we're building, as I said, these ecosystems of products that appeal to lots of different types of collectors.”at a $1.5 billion valuation last October.Candy Digital is majority-owned by the sports retailer Fanatics and backed by entrepreneur and NFT staple Gary Vaynerchuck.
Fanatics recently acquired Topps, a major player in the physical sports collectibles market, for a reported $500 million earlier in January. Topps hasDISCLOSURE The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Worst' house on 'best block' in San Francisco fetches nearly $2 millionVictorian-era home snapped up by developer despite boarded-up windows, peeling paint and unstable foundation.
Read more »
$219 Million Worth of Liquidations Recorded as Cryptomarket Total Valuation Dips Below $2 TrillionCryptomarket total value falls below $2 trillion after $219 million worth of liquidations Crypto cryptocurrency
Read more »
Heidi Klum Shares Why Her Legs Are Insured for $2 Million—And Why One Is ‘More Expensive’ Than the OtherShe also revealed what other body part deserves some financial coverage. 👀
Read more »
Heidi Klum Says Her Legs Are Insured for $2 Million, but One Is “More Expensive” Than the OtherYes, Heidi Klum's legs are insured for $2 million—but she says one is technically worth more than the other.
Read more »
The Top 10 Highest-Paid Musicians in 2021 Made Over $2 Billion — & Only a Few Released New MusicFrom Taylor Swift to Kanye West, these musicians made the most profit in 2021. 🎶
Read more »
MLB Lockout FAQ: What's in It for Owners, Union to Agree QuicklySeven weeks into MLB’s lockout, we try to answer the most pressing questions involving talks on a new CBA and the status of the 2022 season.
Read more »