Candy Digital, the NFT platform backed by Fanatics, Gary Vaynerchuk and Michael Novogratz, is laying off a large chunk of its workforce, according to multiple people familiar with the decision.
The company informed employees of the cuts Monday morning, said the people, who were granted anonymity because the details are private.
The cuts encompass more than one-third of the company’s roughly 100 employees. A representative for Candy Digital didn’t respond to a request for comment. A representative for Fanatics declined to comment.