Pixelcraft Studios Raises $30 Million in Record-breaking Token Sale for Aavegotchi

Pixelcraft Studios, the developers of the popular metaverse game Aavegotchi, announced on Monday that they have raised $30 million through a multiyear token sale. The funding round is considered to be one of the largest in the Web3 gaming sector this year, and it was achieved without any venture capital or investor participation. In this regard, Pixelcraft Studios will receive $7.5 million, which accounts for 25% of the treasury, while the remaining $22.5 million will be given to the protocol’s decentralized autonomous organized (DAO) treasury.

Aavegotchi is a decentralized Web3 ecosystem that employs non-fungible tokens (NFT) and decentralized finance (DeFi) solutions. Recently, the community voted to expand the in-game wearable offerings for Aavegotchis, which are digital pets that players can utilize within the game’s ecosystem.

According to Coder Dan, co-founder and CEO of Pixelcraft Studios, “The successful conclusion of this sale represents a turning point for decentralized fundraising and, we hope, a model for responsible fundraising for future projects. We are grateful to have such a dedicated and passionate community behind us, and we look forward to the potential of AavegotchiDAO receiving the majority of this funding.”