Crypto Unicorns Nets $26M in Token Sales Led by TCG, Backed VC
Crypto unicorns have become a popular choice for collectors of non-fungible tokens (NFTs). The collection, which is based on the Polygon blockchain, recently raised $26 million in a token sale led by Metaverse firm TCG and venture capital fund Backed VC.
The sale of the Crypto Unicorns tokens was conducted on the Polygon blockchain, which is a popular choice for NFT collectors due to its security and scalability. The sale was a success, with the tokens selling out within minutes.
The proceeds of the sale will be used to support the development of the Crypto Unicorns collection and to expand the Metaverse ecosystem. This is a positive development for the Polygon blockchain.
This is a significant amount of money for an NFT collection, and it highlights the potential of the polygon blockchain for this type of application.
BITKRAFT Ventures, Delphi Digital, Infinity Venture Crypto, Polygon Studios, Coin Fund, Breeder DAO, Emfarsis and ACME Capital also participated, among others.
Despite a declining interest in NFTs, investment continues to flow into the nascent sector
The purchase signals a continued interest by investors to participate in Web3 and NFT-based start-ups 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.