Crypto Unicorns Nets $26M in Token Sales Led by TCG, Backed VC

Participants of the $26 million token sale will play a “key” role in future governance decisions, according to the game’s developer

article-image

Source: Shutterstock

share

key takeaways

  • Polygon-based Crypto Unicorns has raised funds via a token sale where the participants will partake in its governance
  • Despite a declining interest in NFTs, investment continues to flow into the nascent sector

Crypto Unicorns, a popular NFT collection based on the Polygon blockchain, has netted $26 million in a token sale led by metaverse firm TCG and venture capital fund Backed VC.

BITKRAFT Ventures, Delphi Digital, Infinity Venture Crypto, Polygon Studios, CoinFund, BreederDAO, Emfarsis and ACME Capital also participated, among others, according to a press release on Tuesday.

Crypto Unicorns is expected to launch by the end of the month and will allow users to raise, breed and evolve their collectibles before sending them off to race opponents as well as participate in jousting contests.

Funds raised via Crypto Unicorn’s token sales are held in the Crypto Unicorns DAO Treasury. Participants of the $26 million token sale will play a “key” role in future governance decisions, the game’s developer Laguna Games said.

The purchase signals a continued interest by investors to participate in Web3 and NFT-based startups despite the sector having cooled from the frothy market conditions witnessed last year.

The digital pet and farming game has risen to popularity among collectors with more than 10,000 “unicorn” and 30,000 land NFTs (non-fungible tokens) sold with a value exceeding 2,200 ether ($4.8 million), per the release.

“We’ve developed Crypto Unicorns from the start to be a community-run game and the completion of this token sale is a big step toward that,” said Aron Beierschmitt, CEO and co-founder of Laguna.

“We want to move away from the extractive nature of free-to-play and nurture game economies that are owned by communities to embrace the core fundamentals of owning in-game items.

Gaming on the blockchain now represents more than 50% of the crypto industry’s activity, according to data by decentralized application store DappRadar. However, the sector is not without scams and rug pulls, which have resulted in more than half of NFT owners having lost access to at least one of their digital collectibles.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (19).png

Research

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

article-image

The stablecoin issuer now plans to offer 32 million Class A common stock shares at a price of up to $28 each

article-image

Let’s go whale watching, Bitcoin style: Investigating the mysterious “12ib7” wallet now worth $3.2 billion

article-image

Bitget’s L2 is undergoing a leadership change and will be helmed by Colin Goltra, formerly the blockchain’s chief growth officer

article-image

The funding was spread out across 61 rounds, a slight dip in both number of rounds and total funding in comparison to other months

article-image

Why is it controversial to say things are better than they used to be?

article-image

Wallchain could make influencer ROI more measurable for Solana businesses