GLHF, a crypto-native game studio founded by industry veterans, has secured $2.3 million in funding to expand development of Gigaverse, its flagship RPG. The round was led by 1confirmation, with backing from 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 capital will fuel new features, game modes, and a major open world update for Gigaverse, which currently holds the top spot on Abstract.
GLHF Raises $2.3 Million for Gigaverse
GLHF secures $2.3 million for Gigaverse expansion
Gigaverse uses an ETH pay-to-join model with an entry fee around $20 USD. In its first six months, the game pulled in over 75,000 paying players and generated more than $4.5 million in revenue. The peer-to-peer marketplace has seen over $9 million in trades across 450,000 transactions and six million items sold.
Dith, co-founder of GLHF, says the studio designed Gigaverse for long-term sustainability and scale, using an installation fee similar to traditional gaming platforms. This structure has built a dedicated player base while opening up new design possibilities and economic systems built around autonomous in-game labor.
AI-driven gameplay with Gigus
Gigaverse stands out for its AI-powered antagonist, Gigus, built using GLHF's VILL[AI]N protocol. Gigus handles core game mechanics, orchestrates social interactions, and throws in unexpected gameplay twists. The character marks a fresh take on agentic AI in crypto gaming, developed alongside a decentralized group of AI researchers and technologists.
GLHF Raises $2.3 Million for Gigaverse
Industry backing and strategic partnerships
The game's performance and economic activity have caught the attention of crypto sector leaders. Luca Netz of Pudgy Penguins said the game has surpassed expectations and expressed confidence in Gigaverse's trajectory with Abstract. Brett Shear, General Partner at 1confirmation, pointed to the founders' deep expertise in crypto-native game development and positioned the project as a potential leader in crypto gaming over the next decade.
Celebratory events and new content
To celebrate the funding, GLHF teamed up with OpenSea to launch Gigaverse Eggs. Available for 0.0069 ETH each, the eggs hatch into steeds for traversing the game's open world. The studio also announced an in-game auction for a unique character, Jucius Maximus, set for September 4th and running for 24 hours. Special abilities for the character will be revealed when the auction goes live.
GLHF Raises $2.3 Million for Gigaverse
More about GLHF
GLHF is a crypto-native game studio led by Dith and Garnish. The studio runs a deflationary NFT collection, GLHFers, on the Ethereum mainnet, and the Gigaverse ROM collection on Abstract. Combined, these collections have hit over $10 million in trading volume. GLHF is focused on making Gigaverse the leading crypto game globally by daily active users, revenue, and in-game economic activity. For more on Gigaverse, visit the official website, X, and Discord. Details about GLHF are available on their website and X.
