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Candy Digital NFT shop lays off large number of employees amid market deterioration

Candy Digital NFT shop lays off large number of employees amid market deterioration

Digital collectibles firm Candy Digital, financially backed by industry heavyweights Mike Novogratz and Gary Vaynerchuk, has cut a large number of jobs – perhaps as much as half of its employees – roughly a year after the company achieved Sportico While Candy Digital has teamed up with world-renowned brands like Major League Baseball, World Wrestling Entertainment (WWE) and Netflix, weekly sales volumes for digital collectibles have plummeted since April, crashing by as much as 95% at one point.








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