Gigaverse, a fast-growing crypto game built by the studio GLHF, has just taken a major leap forward. On September 3, 2025, the team announced a $2.3 million funding round led by 1confirmation, with backing from well-known names like Pudgy Penguins CEO Luca Netz and Sky Mavis co-founder Jeff “Jihoz” Zirlin. The funds will fuel new player modes, including both PvE (player versus environment) and PvP (player versus player), while pushing forward the much-anticipated open-world expansion. With over 75,000 paid accounts already registered and $4.5 million in revenue since its March launch on Abstract Chain, Gigaverse is rapidly moving into the spotlight of blockchain gaming.

To celebrate the milestone, GLHF rolled out a wave of fresh content and collectibles. On OpenSea, the studio launched 10,000 Gigaverse Eggs priced at 0.0069 ETH each. These NFTs will eventually hatch into rideable creatures within the open world. At the same time, a one-of-a-kind character, Jucius Maximus, went on 24-hour auction, adding another layer of excitement with its unrevealed abilities. Players also gained access to new skins and limited-time “Giga Juice” subscriptions. This combination of updates created a surge in peer-to-peer trading, which crossed $9 million in total volume, showing just how engaged the community has become.

At the heart of Gigaverse is a unique design. The game is built on Proof of Play’s Abstract Chain, which provides the scalability needed for thousands of active players. What sets it apart is its AI antagonist, Gigus. Built on GLHF’s VILL[AI]N protocol, Gigus is not a static enemy. Instead, it dynamically shapes events in the game world, introducing surprise raids, shifting quests, and social challenges that keep players on their toes. This dynamic approach has earned praise from investors and players alike. Brett Shear from 1confirmation described Gigaverse as a project with the potential to become one of the most important crypto games of the coming decade.

Gigaverse uses a $20 ETH entry fee as a gatekeeper. This approach discourages bots while ensuring players are committed. Those who bring in friends through referrals can also earn crypto rewards, strengthening the network effect. The numbers reflect this approach, 73,500 total accounts, 40,000 peak weekly actives, and an annualized revenue rate of $6 million from upgrades like Giga Juice. Earlier this year, the initial ROM mint raised $1.5 million in just a few days, with 10,000 units sold at $150 each. Cross-game integrations, such as ties with LOL Land, allow rewards to flow between titles, boosting player retention.

Instead of following rigid roadmaps, GLHF opted for organic weekly updates. New features such as fishing, crafting, skill trees, and faction changes have been added continuously. This steady flow of updates keeps the community engaged and rewards creators who build alongside the core game.

The “Universe of Universes” Vision

Gigaverse is designed as a modular platform, sometimes described as a “universe of universes.” Open APIs allow other developers to create content that plugs directly into the game. This flexibility not only expands gameplay possibilities but also opens opportunities for collaboration with outside studios. Recent improvements include fiat payment options for easier onboarding and Abstract XP accrual, which rewards players for their time and activity. Another innovation lies in Auctioneer smart contracts, which burn portions of proceeds to keep in-game economies deflationary.

Despite strong momentum, the project is not without risks. The crypto gaming industry has seen many short-lived successes, and tokenomics remain a key concern. Gigaverse has chosen a tokenless approach, relying on ERC-1155 items rather than a native currency. This model avoids some of the pitfalls of pump-and-dump token schemes, but regulatory questions around NFT yields could still pose challenges, especially in the United States.

Partnerships with organizations like Yield Guild Games Play (YGG Play) add credibility and suggest long-term stability. Still, the team must prove that its MMO expansion can scale smoothly and deliver consistent quality as player numbers grow.

Timeline of a Rapid Rise

Gigaverse’s journey in 2025 shows just how quickly it has grown:

• March 2025: Mainnet launch on Abstract Chain; ROM mint raises $1.5 million.
• June 2025: 73,500 users and $6 million in annualized revenue; fishing and crafting modes debut.
• August 2025: Gigaverse Eggs collection launches, with trading volume surpassing 67 ETH.
• September 3, 2025: $2.3 million raise announced, along with new skins and the Jucius Maximus auction.
• Later this month: Full open-world MMO expansion and PvP wagering expected.

Looking Ahead

Gigaverse is emerging during a broader revival in blockchain gaming. Abstract’s focus on consumer-friendly design has drawn developers away from networks like Ronin and Polygon, and Gigaverse is one of its standout successes. By mixing fun gameplay with ownership of in-game assets, it has attracted both traditional gamers and Web3 enthusiasts. Analysts say the real test will come with the open-world MMO rollout. If the game can maintain stability, scale its community, and deliver immersive AI-driven experiences through Gigus, it could become one of the defining blockchain games of the decade. If not, it risks joining the long list of projects that burned brightly but briefly.

For now, Gigaverse reflects Web3’s promise combining fun, ownership, and community in a way traditional games often cannot. Whether it can hold its trajectory will depend on execution, but the foundations are in place for something much larger than a passing trend.