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Hyve Labs, a Web3 Gaming Platform, Raises $2.75M Pre-seed

Writer's picture: Jean DJean D

January 17, 2025

Hyve Labs

Hyve Labs has closed a $2.75 million pre-seed funding round, with Framework Ventures leading the investment. Other participants in the round included Volt Capital, Builder Capital, 32 Bit Ventures, and a group of angel investors. The funding brings Hyve Labs' total capital raised to $2.75 million, which the company plans to allocate toward expanding its team and advancing its gaming platform.


The Web3 gaming firm is developing a gaming rollup that leverages decentralized technologies, including EigenDA, a data availability service. This infrastructure is designed to support game launches and facilitate integrations with social platforms such as Telegram, Discord, and Farcaster. The company has outlined plans to use the funding for launching its testnet chain, its first game, and additional on-chain assets, according to co-founder and CEO Lucas Fulks.


About Hyve Labs


Hyve Labs is a Web3 gaming platform creating a decentralized ecosystem for gamers and developers. By integrating blockchain infrastructure with social platforms, the company connects gaming with online communities. Its focus includes enhancing tools for developers and fostering interactive experiences for players.


X:  @hyve_labs

About Investor

Framework Ventures

Framework Ventures is a venture capital firm that invests in blockchain technology and decentralized applications. The firm supports early-stage startups in the Web3 space, providing financial backing and strategic guidance to foster growth within the decentralized economy.

Location: Toronto, Ontario


A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.


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