September 3, 2025 — GLHF, a game studio founded by crypto native game developers, today announced $2.3 million in funding led by 1confirmation, with participation from notable crypto leaders including Luca Netz (Founder & CEO, Pudgy Penguins), Jeff “Jihoz” Zirlin (Co-Founder, Sky Mavis), Bharat Krymo (General Partner, 6529 Capital), Burtle (Head of Partnerships, Stripe), Rob Allam (#1 all-time Redditor), and many others. The investment will be used to further develop Gigaverse, their smash hit RPG, into the number one crypto game with new features and game modes, beginning with the highly anticipated, expansive open world update.
Gigaverse features an ETH pay-to-join mechanic of approximately $20 USD. In the first six months, the game has attracted over 75,000 paid accounts, generated $4.5M+ in revenue, and seen $9M+ in P2P trading across its ecosystem, including over 450,000 transactions in their custom in-game marketplace, with over 6M items being sold.
“We’ve spent years building and studying crypto games, and we know what’s broken. Gigaverse is a next generation of crypto game built for greater scale and sustainability. Gigaverse implemented an install fee, similar to how games on platforms like Steam are purchased, which has proven effective at building a serious community of real, like-minded gamers that we can reach thanks to Abstract’s audience and expertise in consumer crypto. We’ve also futureproofed the game by building the most agentically compatible crypto game, opening up an entirely new design space and class of economic primitives centered around autonomous labour,” said Dith, co-founder of Gigaverse and GLHF.
Gigaverse is designed with AI at its core, featuring Gigus, a sentient AI antagonist powered by GLHF’s VILL[AI]N protocol, which forms, controls, and enriches core mechanics. Gigus will orchestrate a social layer and meta game, as well as unexpected surprises. Gigus is the first character-rich agentic villain, developed by GLHF and a decentralized group of AI researchers and technologists to usher in a new paradigm in crypto gaming.
“With over 75,000 paying players, millions in revenue and a strong organic community, Gigaverse’s momentum has shattered expectations, and we love what they’ve built. We’re excited for Gigaverse to continue growing with Abstract and lead the next generation of consumer crypto gaming experiences,” said Luca Netz, Founder and CEO of Pudgy Penguins.
“We’re excited to back Gigaverse and its founders Dith and Garnish. They represent the kind of crypto-native builders we love to support—operating at the bleeding edge with a real understanding of the space and a clear vision for the future. Gigaverse is already showing strong traction, and we believe they’re well positioned to build one of the most important crypto games of the next decade,” said Brett Shear, General Partner at 1confirmation.
To celebrate the announcement and welcome new players into Gigaverse, GLHF have partnered with OpenSea to launch Gigaverse Eggs. Available now, eggs are mintable for 0.0069E each, they’ll hatch into steeds to traverse the open world. Separately, Gigaverse is launching an in-game character auction, where players can bid for a one-of-one special character, Jucius Maximus, featuring special abilities that will be revealed at the time of the auction September 4th and running for 24 hours.
Dith, co-founder, GLHF, told Juice Gaming News: “Gigaverse actually started as a love letter to the pixel RPGs we grew up on. We wanted to relive the charming experience of wandering dungeons, outsmarting opponents, crafting rare gear and leveling up in a familiar pixel world. Then we realized we had the opportunity to implement mechanics that could lead a new generation of crypto gaming. We were confident that things like an install fee were the right move because we wanted the game to be appreciated for its quality and to attract a certain kind of player. We couldn’t predict this response. Gigaverse has gone from a passion project to our number one priority. Now’s the time to get involved. There is so much more in the pipeline.”
For more information on Gigaverse, you can visit their website, X, and Discord. To learn more about GLHF, see their website and X.
About GLHF
GLHF is a crypto native game studio led by industry veterans Dith and Garnish. GLHF is known for its deflationary genesis NFT collection, the GLHFers on Ethereum mainnet, and for its Gigaverse ROM collection on Abstract. Together these collections have achieved over $10,000,000 in trading volume. GLHF is the developer behind Gigaverse, the crypto social MMO with over 75,000 paid player accounts and #1 game on Abstract. GLHF is committed to building the number one crypto game in the world by daily active users, revenue, and economic activity.
