How Virtual Versions Sold $200K+ in Tokens and Grew 3,000 Holders with Blockchain-Ads

Drive token holder acquisition and VV token purchase volume ahead of and following IDO launch
Virtual Versions is a Web3 gaming platform built around AI-powered virtual avatars, positioning itself as a next-generation identity and gaming layer. It launched its VV token through a DAO Maker-backed IDO listed on Bybit, ranking as one of the top three IDOs of the 2023 bull run. The 90-day campaign on Blockchain-Ads aimed to build community momentum and drive token purchase volume ahead of its September 12 launch date.
A note on attribution: Virtual Versions' paid acquisition on Blockchain-Ads is managed through affiliate partners, each running independently with their own market focus and creative approach. This case study covers one such campaign and reflects what Blockchain-Ads can deliver for Web3 gaming brands targeting crypto-native audiences across Southeast Asia, Eastern Europe, and Latin America.
Virtual Versions needed to build genuine community recognition among crypto-native gamers and convert that awareness into token purchase action. All of this within a fixed 90-day window aligned to a specific IDO launch date. Three obstacles defined what that required:
Google and Meta restricted token IDO advertising, and broad gaming audiences lacked the on-chain context to evaluate an AI avatar platform backed by DAO Maker. Virtual Versions required a platform to connect with verified Web3 gamers and convey IDO credibility effectively. Blockchain-Ads provided that through four capabilities:
The campaign launched across Web3 Gamers, Blockchain Gaming Users, and RPG and MMO interest segments simultaneously. Five creative angles entered the market:
All angles ran at equal weight to build brand recognition across the target segments and generate initial community entry volume.
Web3 Gamers and Blockchain Gaming Users outperformed broader interest segments on engagement and community entry. This confirmed that verified on-chain gaming behaviour was the strongest predictor of token purchase intent. The credibility and IDO hype angles drove the strongest engagement among these segments. DAO Maker and Bybit backing served as the primary trust signal for users evaluating a new token. The launch date urgency angle gained traction as September 12 approached. The Live September 12 creative accelerated community entry from users who had been in consideration since Phase 1.
The final phase concentrated spend behind the credibility and launch date angles targeting Web3 Gamers and Blockchain Gaming Users. Retargeting activated against users who had engaged with Phase 1 and 2 creatives but had not yet purchased VV tokens. The September 12 launch delivered $40,000+ in token purchases within minutes of IDO opening. The 90-day campaign closed with 3,000+ new token holders, $200,000+ in total token sales, a CPA of $19.05, and a 5x token price increase from IDO launch to campaign completion.