.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
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