Hyve Labs has been drawing attention following a successful $2.75 million pre-seed financing round, hinting at its bold aspirations to transform the gaming industry. Leading the investment was Framework Ventures, with backing from Volt Capital, Builder Capital, 32 Bit Ventures, and various angel investors, as the company declared in a recent blog post.
🌟 It’s thrilling news! Hyve Labs has successfully secured $2.75M in pre-seed funding from prominent investors, including @hiframework, @VoltCapital, @BuilderVC, and @32BitVentures. Hyve is an innovative gaming ecosystem designed to deliver fun and engagement for players, all while providing developers with empowering resources.
— Hyve Labs (@Hyve_Labs) January 16, 2025
The main goal of the company is to create a gaming platform driven by advanced decentralized technologies such as EigenDA, functioning as a game launcher. By connecting with popular social networks like Telegram, Discord, and Farcaster, Hyve Labs aims to offer more than just games; it’s about establishing an all-encompassing social gaming environment.
Hyve Labs intends to utilize the fresh funds for expanding the workforce and reinforcing its primary systems. Lucas Fulks, the CEO and Co-Founder, underscores the backing of notable investors, such as Framework and Volt Capital, as a crucial element propelling their vision forward.
Lucas stated that with the support from notable investors such as Framework and Volt Capital, this investment brings us a step closer to reshaping the gaming world,” or
“Lucas announced that thanks to influential backers like Framework and Volt Capital, this funding takes us one step further towards transforming the gaming landscape.
The company strives to revolutionize the gaming world by prioritizing the development of engaging, immersive gameplay for users, while also giving developers the freedom to explore their creative potential without limitations.
Hyve Labs Sets New Standard: Testnet Chain Launch
Hyve Labs isn’t just making games; it’s pioneering a fresh approach for decentralized social gaming. The company imagines a gaming world where players are the focal point, fostering both innovation and community development. Using cutting-edge blockchain technology, Hyve intends to elevate connections between gamers and developers.
The objective of the company is straightforward – linking gamers to captivating Web3 interactions, all while fostering a more inclusive gaming environment. To make their platform easier for users, Hyve focuses on effortless sign-up and distribution processes. In line with this vision, they are preparing to debut their testnet chain, initial game, and other blockchain assets.
The task at hand is unmistakable, action is soon to follow: Providing engaging Social GameFi experiences, ensuring effortless dissemination and user integration, incorporating mechanisms native to the web3 environment, and integrating artificial intelligence,” stated the firm.
AI at the Heart of Gaming Era
Hyve Labs views artificial intelligence as a pivotal force reshaping industries, and they aren’t wrong. In fact, gaming is among those being significantly impacted by AI. Rather than just jumping on the bandwagon, they are incorporating AI into their core development plans. This involves streamlining work processes, enhancing player experiences, and swiftly responding to market trends.
Fulks and Co-Founder Cori Grohman have expressed their disagreement with the notion that conventional “Web3 gamers” represent the future. Instead, they are promoting a more streamlined, seamless, and web-based approach to gaming. Their belief, represented by the term “Casual+”, is centered around crafting immersive experiences that surpass typical gaming conventions.
Hyve Labs’ initiatives align with the growing trend towards decentralized gaming platforms, as evidenced by Framework Ventures’ previous $2.5 million investment in energy-oriented DePIN start-up Starpower.
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2025-01-17 00:00