Crypto Unicorns Raised $26 Million In Its Token Sale

The popular Polygon-based NFT collection will introduce its first play-to-earn game next month.

Crypto Unicorns, a non-fungible token (NFT) on the Polygon blockchain, has completed a $26M token sale. It’s the first token sale of its kind.

Other investors include Acme Capital, Bitkraft Ventures, Delphi Digital, Infinity Ventures Crypto, Polygon Studios, CoinFund, BreederDAO and Emfarsis.
Developed by San Francisco-based Laguna Games, the Unicorns game is designed to combine the magical unicorn and the collectible virtual items of blockchain technology.
The web-based game is ready and going live later this month, with the addition of new mini-games including Unicorn jousting, racing and battles.
Token sales, such as the Ethereum-based ICO of Decentralized Autonomous Organization (DAO), provide participants the opportunity to own a stake in the organization. They do this by buying tokens in exchange for ether.
“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,” Laguna Games CEO and co-founder Aron Beierschmitt said in a press release. “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.”