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

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 (1).jpg

Research

Jupiter has emerged as the undisputed liquidity backbone of Solana, commanding over 90% of spot DEX aggregation and 80% of perp trading volume. But behind the numbers lies a far more ambitious play: a cross-chain, vertically integrated super-app spanning swaps, synthetics, NFTs, memecoins, and launchpads. This report explores Jupiter’s rapid rise, the monetization upgrades reshaping its revenue profile, and the risks that could unwind its dominance, from token dilution to competition. With annualized revenues nearing $300M, the upside is undeniable, if it can navigate the turbulence.

article-image

In recent weeks, Helium has hit new all-time highs while passing major protocol milestones

article-image

Financial advisers in a January survey said equity ETFs were their top choice for gaining crypto exposure in 2025

article-image

“Why put a target out there that’s really speculative, not knowing exactly where this environment is going to go?” CarMax CEO Bill Nash said

article-image

While the head of Base may support legal sex work, Coinbase policies prohibit said workers from using its exchange.

article-image

EVM bottlenecks fundamentally hold back Ethereum’s scalability

article-image

In 2011, WikiLeaks faced a financial blockade imposed by the US government. It was Bitcoin’s first major test.