P2E game wins $26m from Polygon, BreederDAO, others

Crypto Unicorns, a play-to-earn game, has raised US$26 million through the sale of its tokens to investors including Polygon Studios, CoinFund, BreederDAO, and Emfarsis, among others.

Photo credit: Crypto Unicorns

Built on the Polygon network, Crypto Unicorns lets users hatch, evolve, and breed unicorns. They can use the unicorns for farming, race them, or participate in battles. Crypto Unicorns NFTs occupy three of the top ten spots on OpenSea’s top charts.

Funds raised via token sales are held in the Crypto Unicorns DAO treasury, where participants will play a key role in future governance decisions.

Developed by Laguna Games, a Web3 game development and research and development studio, Crypto Unicorns has also made 2,200 ethers (US$5.7 million) by selling NFTs of characters and lands, which included 10,000 unicorns and 30,000 land plots.

“Crypto Unicorns is one of the first blockchain games that players of all types can enjoy,” said Yan Liberman, co-founder of Delphi Digital. “The Crypto Unicorns multiverse will offer many different types of experiences that players themselves can have a hand in building.”

See also: Inside the tsunami of NFTs in India

Laguna Games said it will debut the web launch of Crypto Unicorns later this month. Following the launch, there will be new minigames like unicorn jousting, racing, and battling, which will all be released over the course of 2022.

The latest investment comes amid a surge in blockchain gaming, with money generated by NFT trading hitting US$11.9 billion by the end of Q4 2021, and blockchain games generated more than US$4.5 billion via in-game NFT transactions.

Other investors in the round include:

• TCG
• Backed VC
•  ACME Capital
• Bitkraft Ventures
• Delphi Digital