Big Time Studios, a popular Web3 game developer, created the successful game “Big Time” and the Open Loot platform, which has reached $500 million in transaction volume. The platform’s OL tokens are utility tokens that will play a key role in the Open Loot ecosystem. In comparison to its competitors, Big Time has a significant lead, with a market transaction volume of $12 million versus Axie Infinity’s $2.4 million.
Ari Meilich, the founder of Big Time Studios, stated that the release of OL tokens aims to give back to the player and developer community. These tokens offer benefits such as lower transaction fees, exclusive currency packages, limited NFT sales, and in-game drops. Players and developers can participate in platform features and game voting, making them decision-makers and leaders in the Open Loot platform’s development.
The OL Token and Open Loot gaming platform will soon be launched, with a focus on transparency and an open, player-driven economy. OL tokens are not funding tools and are issued through a fair model with no token sales, team quotas, or early investor sales. Open Loot users can earn reward points and win OL tokens by participating in platform activities and completing challenges.
Loyal players will have community voting rights, priority access to games, exclusive NFT purchase opportunities, and special currency and NFT purchase discounts. For game developers, OL tokens can be used as an effective user growth tool. Developers can reward active players, attract users to partner games, and increase exposure through limited-time activities.
OL tokens will strengthen the connection between developers and players, helping developers create valuable interactive experiences and increasing player activity within the platform. The Open Loot platform has several advantages, including simplified cryptocurrency functions, scalability, payment and compliance management, and the ability to quickly get game developers started.
It increases NFT exposure and sales, provides various payment methods, and offers a user-friendly interface for buying and selling NFTs. The platform also includes NFT leasing, non-cryptocurrency markets, and detailed NFT price history. Open Loot currently supports games like “Big Time,” “World Shards,” “Boss Fighters,” “The Desolation,” and “ShatterPoint.” These games cater to a wide range of gamers, from casual to hardcore, and Open Loot aims to redefine the gaming industry through premium gaming content.
Since the beginning of 2024, the Open Loot platform has experienced rapid growth due to its active community and partner support. In just a few months, the platform achieved 1,067,103 NFT transactions and 1,551,969 NFT leases, with 226,588 players and over 3,625,725 NFTs created. The platform’s cumulative transaction volume has exceeded $445 million, showing its growing popularity and market influence.