Big Time Studios, a Web3 gaming trailblazer and creator ofthe Open Loot platform and hit game Big Time, which has already processed ahalf billion dollars in total transaction volume, is making waves again. Activeusers of the Open Loot platform will soon be able to collect $OL, themarketplace’s first utility token, which will become the cornerstone of theOpen Loot.

“We’re flipping the script on token launches. Instead of theusual fundraising frenzy, the launch of $OL is about giving back to ourincredible community of players and game developers. From lower transactionfees and exclusive premium currency bundles to invite-only early access to OpenLoot games, special NFT sales, tokens in-game drops during exclusive gameplay,and in-game perks,” said Ari Meilich, the visionary founder behind Big TimeStudios

Designed to supercharge the Open Loot platform, $OL willboost user acquisition and drive engagement across all Open Loot games andproducts by delivering substantial utility to Open Loot users, fromguardianship to exclusive benefits like better deals and early access to gamesand events to collecting in-game rewards.

$OL Token

$OL token is not a fundraising mechanism. This launch isfair: there are no token sales, team-allocated tokens, or tokens sold to earlyinvestors. Open Loot users can collect $OL=ugh various activities within theplatform. Players actively engage in unique game opportunities with partners,completing challenges and participating in unique events. For loyal players,the $OL tokens will provide users with early access to games, opportunities topurchase unique NFTs, and discounts on special premium currency packs and NFTprimary sales.

For game developers, $OL is a powerful tool for useracquisition. Developers can leverage the token to reward players for in-gameactivity, such as reaching milestones or dropping tokens in-game, which willdrive engagement. Limited-timed events can attract users to Open Loot partnergames and create exposure for the game and the ecosystem. $OL fosters moreprofound connections between developers and their audiences, giving developersthe power to offer players significant value through competitive, social, andmetagame features and targeted promotional offers that enhance playerengagement.

The potential uses for $OL are vast and will defineengagement and innovation across the platform. $OL will foster trust in theOpen Loot platform and marketplace, extend reach beyond traditional off-chainmodels, and lead the way for the Web3 gaming industry, opening up a world ofopportunities for players and studios.

Open Loot Platform

Big Time Studios’ Open Loot gaming platform and marketplacehas facilitated nearly half a billion dollars in transactions since early 2024.This achievement stems from Open Loot’s ability to simplify complexcryptocurrency functions, scalability, distribution, payments, and regulatorycompliance for developers. The marketplace boosts NFT discoverability and saleswhile providing various payment options.

Players enjoy high-quality games without typical Web3 issueslike connecting a crypto wallet, paying gas fees, or waiting for transactions.Patented Vault technology allows easy NFT buying and selling without high gasfees, with the option to mint them onto the blockchain.

The platform includes features like NFT rentals, amarketplace for non-crypto game currencies, and detailed NFT price histories,making Web3 gaming accessible. Game studios benefit from ready-to-use techsolutions, including game launchers and premium currencies. Open Loot alsoprovides expert support in marketing, game economy design, and production,ensuring developers can meet player expectations and achieve success.

Open Loot platform manages all foundational elements,overseeing the sales and leasing of digital and traditional items for Big Time,the wildly successful free-to-play multiplayer action RPG, and five pioneeringlaunch partners, each curating distinct Web3 gaming experiences. World Shards,an expansive sandbox MMORPG; Boss Fighters, an engaging multiplayer actiontitle; The Desolation, an immersive cross-platform loot shooter; ShatterPoint,an adrenaline-fueled F2P action mobile RPG; and One Tap, a strategicfirst-person shooter. Positioned to redefine the gaming sector, Open Loot willfocus on high-caliber mid-core to hardcore games.

First Half of 2024 Success

Since the start of 2024, the Open Loot platform hasexperienced growth driven by its vibrant community and excellent partners. Sofar, Underscoring Open Loot’s successful quarter was the exchange of over1,067,103 NFTs and 1,551,969 NFT rentals. This year, more than 226,588 playershave crafted more than 3,625,725 NTFs showcasing the platform’s dynamic andengaging ecosystem.

Since it opened, Open Loot has amassed over $445,167,044 intotal transaction volume, with millions of transactions signaling theplatform’s escalating popularity and triumph.

About Big Time Studios

Big Time Studios (https://bigtime.gg/), founded by AriMeilich, is a pioneering force in the crypto gaming industry, renowned for itsinnovative Open Loot platform and the hit game Big Time. With a mission torevolutionize the NFT gaming experience, Big Time Studios seamlessly integrateshigh-quality games with blockchain technology, offering players unparalleledgaming experiences.

The curated Open Loot platform gives developers theopportunity to reach a wider audience and drive engagement through uniquein-game rewards and events, while players benefit from exclusive access tohigh-quality games, special NFT sales, in-game perks and airdrops. Big TimeStudios’ Open Loot platform has facilitated nearly half a billion dollars intotal transaction volume, underscoring its commitment to creating a dynamic andengaging ecosystem for gamers worldwide. For more information, visit Big Time Studios’website.