Blockchain gaming shows no signs of cooling off despite the lacklustre overall crypto market.

Crypto Unicorns overnight announced it has raised US$26 million in a token sale, and had also sold 2,200 Ethereum (US$5.6 million) worth of land and character NFTs – 10,000 unicorns and 30,000 land plots.

The capital raising was led by TCG and Backed VC and was led by ACME Capital, BITKRAFT Ventures, Delphi Digital, Infinity Ventures Crypto, Polygon Studios, CoinFund, BreederDAO, Emfarsis and more.

All of the funds raised will be held in the Crypto Unicorns DAO Treasury, which is designed to be controlled by the community over time.

A project of San Francisco-based gaming company Laguna Games, Crypto Unicorns is a digital pet collecting and farming game built on Polygon.

There’ll be mini-games like unicorn jousting and racing, as well as battling being released over the course of 2022.

Unicorns were selling for around 1.1 to 1.5 Ether when Stockhead checked OpenSea yesterday.

“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 Laguna Games chief executive and co-founder Aron Beierschmitt.

“Those who make up the Laguna Games team have a passion for both crypto and for gaming. 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. That’s what sets us apart.”

Gaming beating DeFi

Crypto Unicorns pointed to a report in Dappradar in January saying that gaming now represented 52 per cent of crypto market usage, and generated US$11.9 billion in sales in the fourth quarter.

Various Crypto Unicorns collections were the second, fifth and sixth most popular of OpenSea’s Polygon collections yesterday, behind Decentral Games ICE Poker.

“Crypto Unicorns is one of the first blockchain games that players of all types can enjoy,” said Delphi Digital co-founder Yan Liberman.

“The Crypto Unicorns multiverse will offer many different types of experiences that players themselves can have a hand in building. It’s one of the most anticipated games this year, and we are excited to be part of the community.”