Billionaire investor Mike Novogratz has led an investor group and purchased a further 60% stake in the NFT platform Candy Digital.
The buy sees Novogratz’s Galaxy Digital, a co-founder of Candy Digital, now the controlling shareholder of the NFT platform, after agreeing a price with majority shareholder Fanatics.
Not that the crypto winter has ever put Mike Novogratz off, however.
Buy when there’s blood on the streets, so they say.
There has been no official comment from Mike Novogratz as yet.
Fanatics Looking Beyond Web3 and Towards an IPO Fanatics only purchased Topps trading cards in January last year for $500 million and is now looking to move away from the Web3 realm and make more investments in the physical collector’s space.
Source: NFTNewsToday.com