GLHF Raises $2.3 Million for Gigaverse

GLHF, a crypto-native game studio founded by industry veterans, announced $2.3 million in funding to advance the development of Gigaverse, its flagship RPG. The funding round was led by 1confirmation and included participation from notable figures in the crypto gaming sector, including Luca Netz, Founder and CEO of Pudgy Penguins; Jeff “Jihoz” Zirlin, Co-Founder of Sky Mavis; Bharat Krymo, General Partner at 6529 Capital; and other industry leaders. The investment will support the expansion of Gigaverse, which currently ranks number one on Abstract, by adding new features, game modes, and a large open world update.

Gigaverse operates on an ETH pay-to-join model, with a fee of approximately $20 USD. Within the first six months of launch, the game attracted over 75,000 paying players and generated more than $4.5 million in revenue. The game’s peer-to-peer marketplace has facilitated over $9 million in trading, including more than 450,000 transactions and over six million items sold.

According to Dith, co-founder of GLHF, the studio has built Gigaverse with sustainability and scale in mind, implementing an installation fee similar to traditional gaming platforms. This approach has fostered a committed community of players while enabling new design opportunities and economic structures centered around autonomous in-game labor.

AI-Driven Gameplay

A distinguishing feature of Gigaverse is its AI-powered antagonist, Gigus, which is developed using GLHF’s VILL[AI]N protocol. Gigus manages core game mechanics, orchestrates social interactions within the game, and introduces unexpected gameplay elements. The character represents a new approach to agentic AI in crypto gaming, developed in collaboration with a decentralized group of AI researchers and technologists.

GLHF Raises $2.3 Million for Gigaverse

Industry Support and Strategic Partnerships

The game’s growth and economic activity have drawn attention from leaders in the crypto sector. Luca Netz of Pudgy Penguins noted that the game’s performance has exceeded expectations and expressed confidence in Gigaverse’s continued development with Abstract. Brett Shear, General Partner at 1confirmation, stated that the studio’s founders demonstrate deep expertise in crypto-native game development and that the project is positioned to become one of the most influential crypto games over the next decade.

Celebratory Events and New Features

To mark the funding announcement, GLHF partnered with OpenSea to launch Gigaverse Eggs. Mintable for 0.0069 ETH each, the eggs hatch into steeds for exploring the game’s open world. Additionally, the studio announced an in-game auction for a unique character, Jucius Maximus, scheduled for September 4th and running for 24 hours. The character will feature special abilities revealed at the time of the auction.

GLHF Raises $2.3 Million for Gigaverse

More About GLHF

GLHF is a crypto-native game studio led by Dith and Garnish. The studio is known for its deflationary NFT collection, GLHFers, on the Ethereum mainnet, and for its Gigaverse ROM collection on Abstract. Together, these collections have achieved over $10 million in trading volume. GLHF focuses on building Gigaverse into the leading crypto game globally, measured by daily active users, revenue, and in-game economic activity. For more information on Gigaverse, visit the official website, X, and Discord. Details about GLHF are available on their website and X.