Hyve Labs Raises $2.75M to Build Next-Gen Web3 Game Launcher
Hyve Labs, a startup focused on building the next generation of web3 gaming experiences, has raised $2.75 million in pre-seed funding. The investment, led by Framework Ventures, will fuel the development of Hyve Labs' gaming rollup and its vision of a more integrated and accessible gaming ecosystem.
Building the Future of Gaming: A Socially-Integrated Rollup
Hyve Labs is developing a unique gaming rollup that leverages technologies like EigenDA, a decentralized data availability service, to create a seamless game launching experience. The platform also aims to integrate directly with popular social platforms like Telegram, Discord, and Farcaster, allowing players to connect and play within their existing communities.
Fueling Growth: Expanding the Team and Building the Platform
The newly secured funding will be used to expand the Hyve Labs team and build out its core infrastructure. This includes launching its testnet chain, its first game, and other on-chain assets, according to CEO and Co-Founder Lucas Fulks.
"With the backing of incredible investors like Framework and Volt Capital, this funding propels us closer to redefining the gaming landscape," Fulks said in a statement. "Our mission is to create a gaming ecosystem that prioritizes fun and engagement for players while empowering developers and builders to innovate without constraints."
Framework Ventures' Continued Bet on Blockchain Innovation
Framework Ventures, a prominent investor in the web3 space, recently led a $2.5 million funding round for Starpower, an energy-focused DePIN startup, demonstrating their continued interest in innovative blockchain projects. Other participants in the Hyve Labs round included Volt Capital, Builder Capital, 32 Bit Ventures, and several angel investors.
The Next Level of Gaming: Seamless Integration and Player Empowerment
Hyve Labs' successful pre-seed funding round highlights the growing interest in web3 gaming and the potential for blockchain technology to transform the gaming industry. With its innovative approach to game launching and social integration, Hyve Labs is positioning itself to be a key player in the future of decentralized gaming.