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Gigaverse

5 known investors

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Gigaverse is an online RPG where players explore dungeons, collect and customize character skins, join factions, and race collectible pets called Giglings. The game features a real-money player economy where dungeon drops, skins, and rare items can be bought and sold.

Also known as Gigaverse by GLHF · GLHF

Investors · 5

Also in the syndicate · 1

Jeff "Jihoz" Zirlin

Funding

SEC filings, press & company announcements

$2.3M disclosed across 1 of 2 rounds · 2025

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Gigaverse is a browser-based, crypto-native role-playing game and self-described "crypto-powered social MMO" developed by GLHF, a crypto-native game studio. Gameplay combines pixel-art dungeon runs, item crafting, loot and trading, with monthly updates that change the in-game meta. Access is gated by an entry or "install" fee of roughly $20 in ETH, which the studio describes as both an onboarding filter and an economic anchor. The game runs with assets on Ethereum and holds the top position by activity on Abstract, where its Gigaverse ROM collection resides.

The game is structured modularly: individual game modes function as connected loops in which items obtained in one mode affect outcomes in another, with the design intent of encouraging specialization, trading and coordination among players rather than solo completion. A distinguishing element is Gigus, an AI-driven antagonist built on GLHF's VILL[AI]N protocol, which handles core game mechanics, orchestrates social interactions and introduces gameplay events; it was developed with a decentralized group of AI researchers and technologists. Planned development includes PvE and PvP modes and a large open-world update with character movement and traversal mechanics.

GLHF also operates NFT collections tied to the game: GLHFers, a deflationary collection on Ethereum mainnet, and Gigaverse ROMs on Abstract, which together have exceeded $10 million in trading volume. Additional player-facing systems include Giga Juice power-ups, Gigaverse Eggs that hatch into Steed mounts, and one-of-one character auctions such as Jucius Maximus.

Founding story

The project began as a hobby in a Discord channel among friends who were still employed full time and wanted to build a game they would play themselves, with no roadmap and no expectations. GLHF was founded by Dith and Garnish: Garnish serves as technical lead with a decade of experience building games with millions of monthly players, while Dith brings strategic and operational experience including a leadership role at Stripe. After rapid organic traction following launch, the founders left their jobs.

Business model

GLHF monetizes Gigaverse directly through a paid entry/install fee of approximately $20 per player, plus in-game purchases such as Giga Juice power-up items and crafting potions, NFT mints (Gigaverse Eggs at 0.0069 ETH, Gigaverse ROMs) and one-of-one character auctions. A player-run peer-to-peer marketplace supports item trading within the game.

Player entry fees, in-game item and power-up sales, and NFT mints and auctions; associated NFT collections (GLHFers on Ethereum, Gigaverse ROMs on Abstract) generate secondary trading volume.

Traction

Within roughly the first six months the game recorded over 75,000 paying players and more than $4.5 million in revenue, later reported at over $5 million annualized. Its peer-to-peer marketplace has processed more than $9 million in trades across about 450,000 transactions and six million items sold. The GLHFers and Gigaverse ROM collections have together exceeded $10 million in trading volume; the ROM collection sold out in 10 minutes and generated over $1 million. Rare character auctions have sold individual items for over 10 ETH.

Latest developments

Following the September 2025 raise, GLHF launched Gigaverse Eggs on OpenSea at 0.0069 ETH (each containing a Steed mount), a seven-day Giga Juice power-up event beginning September 3, 2025, and a 24-hour auction for Jucius Maximus, the first 1/1 character in the GLHFers collection, beginning September 4, 2025. Proceeds are earmarked for new game features and modes, including PvE and PvP, and a major open-world update covering character movement, traversal and large-scale exploration. The studio states it intends to remain a small team.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Described in coverage as the top-ranked crypto game on Abstract and one of the more active player bases in web3 gaming. The studio's stated goal is to make Gigaverse the leading crypto game globally by daily active users, revenue and in-game economic activity. Co-founder Dith characterizes the crypto gaming market as young and nascent, viewing other crypto game builders as expanding the category rather than as direct competitors.

Paid entry model rather than free-to-play; an AI-driven antagonist (Gigus) that orchestrates gameplay and events; a modular set of interlinked game modes designed to force specialization and trading; growth achieved without paid marketing; and revenue generated before any outside funding was raised.

Technology

Browser-based game running on Ethereum with collections on the Abstract chain. Gigus, the game's AI antagonist, is built on GLHF's VILL[AI]N protocol and drives game mechanics, social orchestration and in-game events. In-game systems include crafting with probabilistic success rates, energy mechanics, loot and a custom peer-to-peer marketplace.

Go-to-market

Growth has been driven by word of mouth, gameplay loops and community activity rather than paid marketing or KOL deals. Distribution and visibility are supplemented by NFT mints on OpenSea, in-game events, and a publishing partnership with YGG Play, which signed Gigaverse as its first third-party title with an onchain revenue-sharing model and a crossover event with LOL Land.

Crypto-native gamers already familiar with wallets, tokens and on-chain transactions; the studio states it deliberately builds for this audience rather than mainstream mobile players, and designs for both low-budget players and high-spending "whale" collectors.

Geography

Coverage identifies the company as US-based; the game is distributed through the browser and is globally accessible.

History

Gigaverse launched in February 2024, built by a team including former contributors to Pirate Nation and Proof of Play, and started without investor funding, financed instead by a creator-led NFT mint, GLHFers, which saw over 1,300 ETH in volume. In February 2025 the team launched the Gigaverse ROMs collection, which sold out in 10 minutes and generated over $1 million. In July 2025, YGG Play signed Gigaverse as its first third-party title under an onchain revenue-sharing model. In September 2025 GLHF announced a $2.3 million round led by 1confirmation, alongside the Gigaverse Eggs mint on OpenSea, the Giga Juice event and the Jucius Maximus 1/1 character auction.

Risks & controversies

The studio operates in an early-stage crypto gaming market, depends on a paid-entry model and NFT/marketplace economics for revenue, and deliberately targets a narrow crypto-native audience rather than mainstream players. Reported figures for the September 2025 raise vary across outlets between $2 million and $2.3 million.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annualized revenueSep 2025$5M
Combined NFT collection trading volume (GLHFers and Gigaverse ROMs)Sep 2025$10M
Entry feeSep 2025$20
In-game items soldSep 20256,000,000 items
Marketplace transactionsSep 2025450,000 transactions
Paying playersSep 202575,000 players
Peer-to-peer marketplace trading volumeSep 2025$9M
Revenue (first six months)Sep 2025$4.5M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 7

launches, deals, and filings
Sep 2025
Jucius Maximus 1/1 character auction

A 24-hour auction for Jucius Maximus, the first 1/1 special character in the GLHFers collection, including the Juiced ability, in-game resource rewards and 69% of sales revenue from the Jucius Maximus skin distributed via smart contract.

source ↗

Sep 2025
GLHF raises $2.3M led by 1confirmation to scale Gigaverse

GLHF announced a $2.3 million funding round led by 1confirmation with participation from crypto angel investors including Luca Netz (Pudgy Penguins), Jeff "Jihoz" Zirlin (Sky Mavis) and Bharat Krymo (6529 Capital). Some outlets reported the raise as $2 million with over 40 individual backers. Proceeds are for new game features, game modes and an open-world expansion.

$2.3M source ↗

Sep 2025
Giga Juice event

A seven-day in-game event offering Juice Box, Juice Carton and Juice Tank items granting cosmetics and buffs such as an extra potion slot, faster energy regeneration, energy capacity raised from 240 to 420 and sprinting.

source ↗

Sep 2025
Gigaverse Eggs mint on OpenSea

GLHF partnered with OpenSea to launch Gigaverse Eggs at 0.0069 ETH (about $30) each, hatching into Steed mounts for traversing the open world; limit of 10 per wallet, with a 1:1 airdrop to ROM holders after the mint.

source ↗

Jul 2025
YGG Play signs Gigaverse as its first third-party title

YGG Play, the publishing arm of Yield Guild Games, signed Gigaverse as its first third-party title under a fully onchain revenue-sharing model, accompanied by a crossover event with LOL Land in which LOL Land players could enter Gigaland and Gigaverse added LOL Land skins.

source ↗

Feb 2025
Gigaverse ROMs NFT collection launch

The team launched the Gigaverse ROMs collection on Abstract, which sold out in 10 minutes and generated over $1 million.

$1M source ↗

Feb 2024
Gigaverse launches

Gigaverse launched as a browser-based web3 RPG, built by a team including former Pirate Nation and Proof of Play contributors, without outside funding.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Gigaverse do?
Gigaverse is a browser-based crypto RPG built by studio GLHF, using a ~$20 entry fee and an in-game peer-to-peer marketplace.
Who are Gigaverse's investors?
Gigaverse's investors include 1confirmation, Bitkraft Esports Ventures, Bharat Krymo, Luca Netz.
How much funding has Gigaverse raised?
Gigaverse has disclosed $2.3M raised across 1 of its 2 known rounds.