According to CNBC, global digital sports platform Fanatics is selling its 60% stake in digital collection company Candy Digital to Galaxy Digital, the terms of which have not been disclosed. Foresight News previously reported that last November, Candy Digital’s head of customer experience, Megan Merrick, announced on Discord that the company was “forced to lay off staff due to challenging macroeconomic conditions and rapidly deteriorating market conditions,” according to anonymous sources. More than a third of the company's roughly 100 employees have been laid off.