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

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.