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.

Funds raised via Crypto Unicorn’s token sales are held in the Crypto Unicorns DAO Treasury. Participants of the $26M token sale will play a “key” role in future governance decisions, Laguna 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.

Developed by Web3 game studio Laguna Games, the digital pet and farming game has risen to popularity among collectors with more than 100,000 “unicorn” and 30,000 land NFTs sold with a value exceeding 2200 ETH ($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 Games.

“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. Though the sector is not without its scams and rug pulls that have resulted in more than half of NFT owners having lost access to at least one of their digital collectibles.

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