GLHF, a crypto native game studio, has announced a $2.3 million funding round aimed at scaling its flagship title, Gigaverse. This next-generation crypto RPG has quickly gained traction, boasting over 75,000 paid users, $4.5 million in revenue, and more than $9 million traded peer-to-peer within its custom in-game marketplace.
The latest round was led by 1confirmation and included investments from notable crypto figures, signalling growing confidence in GLHF’s approach. The funds will be primarily used to develop new game features and expand Gigaverse’s open-world experience.
The company was founded by Dith and Garnish, who bring complementary expertise to the project. Garnish, the technical lead, has a decade-long track record of developing games with millions of monthly players. At the same time, Dith brings strategic and operational experience from previous roles, including leadership at Stripe.
On the motivation to start GLHF, Dith explains to TFN, “GLHF was started as a love letter to gaming: a community built for on-chain gamers, with no roadmap and no expectations. Over time, we began shipping cool things unexpectedly, one of said things being Gigaverse, which is now our flagship game and focus.”
Despite the crowded and evolving crypto gaming market, GLHF takes a collaborative perspective. “You could consider other popular crypto games competitors, but we see the market for crypto games as still so young and nascent that every game builder is helping to prove the category and expand the pie,” Dith explained.
Moving forward, GLHF plans to expand Gigaverse’s core gameplay, including introducing player versus environment (PvE) and player versus player (PvP) modes, alongside a larger, immersive open world designed for social and cooperative experiences. A notable element of the game is Gigus, a unique AI-driven villain that orchestrates gameplay and in-game events.
“We want to build a loved game with the potential of scaling to millions of players. We want to give our players an experience with transparency, ownership, and financial opportunity at its core. The community signal has been tremendously positive, and we intend on moving even faster now than we have been,” Dith concludes.
