Gigaverse Raises $2 Million to Expand Web3 MMO

Web3 MMO Gigaverse has secured $2 million in its first funding round, a milestone that will accelerate the game’s growth and expand its player-driven ecosystem. The round was led by 1confirmation, an early investor in OpenSea, Farcaster, and dYdX.

Good to Know

• Gigaverse raised $2M led by 1confirmation with backing from 40+ crypto and gaming figures.
• The MMO has already generated $4.5M in revenue and $9M in peer-to-peer trading.
• Over 75,000 paying players joined since its early 2024 launch.

The investment brings a strong mix of crypto and gaming expertise. Backers include founders of Yield Guild Games, Pudgy Penguins, Modern Market, and Harbinger, alongside contributors from GGs, Abstract, and Project 0. The team says the funding will support scaling while preserving its community-first development model.

Gigaverse launched in early 2024 and quickly emerged as one of web3’s fastest-growing MMOs. In just six months, it surpassed $4.5 million in direct revenue and facilitated $9 million in peer-to-peer trading of in-game items. The game now counts more than 75,000 paying players, growth driven largely by word-of-mouth and an active community rather than heavy marketing spend.

Described as a “crypto-powered social MMO,” Gigaverse blends casual gameplay with RPG depth. Features like crafting, loot systems, and trading evolve through regular monthly updates, keeping the economy and gameplay fresh. With the new capital, the team hopes to scale further toward its goal of becoming the most-played crypto game worldwide.