As a leader in the Web3 gaming space, Big Time Studios has not only created the popular game ‘Big Time’, but also developed the Open Loot platform, with a volume of over 5 billion US dollars to date. Now, active users of the Open Loot platform can obtain OL Token, which is the first practical Token launched by the platform and will become the core force of the Open Loot ecosystem in the future.

It is worth noting that Big Time’s market volume significantly surpasses its competitors, establishing a leading position in the Web3 gaming industry. Another well-known Web3 game, Axie Infinity, had a market volume of approximately $2.4 million during the same period, which is only 20% of Big Time’s impressive $12 million. This significant competitive advantage not only highlights Big Time’s growing influence in the Web3 gaming ecosystem but also demonstrates the high level of engagement from its player community.

Founder of Big Time Studios, Ari Meilich, said: ‘We are disrupting the traditional token issuance model. Unlike common fundraising methods, the release of OL Token this time aims to reward our outstanding player and developer community. OL will bring lower money laundering, exclusive premium currency packages, limited non-fungible token sales, exclusive in-game drops and privileges, as well as opportunities for community participation in platform functions and game voting. Our players are no longer bystanders, but true decision-makers, who will jointly lead the development of the Open Loot platform.’

In addition, with the upcoming launch of OL Token and Open Loot gaming platform, we look forward to putting all market data on the blockchain to enhance transparency and further solidify our commitment to an open and player-driven economy.

Advantages and Use Cases of OL Token

OL Token is not a fundraising tool. This issuance adopts a fair model: no Token sales, team quotas, or Token sales to early investors. Open Loot users can earn reward points through platform activities and win OL Tokens by completing challenges and participating in special events. Loyal players will enjoy community voting rights, priority game experience, exclusive Non-fungible Token purchase opportunities, as well as benefits such as special currency and Non-fungible Token purchase discounts.

For game developers, OL Token is an effective tool for user rise. Developers can use OL to reward active players, such as achieving specific game goals or obtaining Token drops in the game. This not only increases player engagement, but also attracts users to participate in partner games through limited-time events, increasing exposure. OL will further strengthen the connection between developers and players, helping developers create valuable interactive experiences for players through mechanisms such as competitions, socializing, and meta-games, while also increasing the activity of players on the platform.

The application scenarios of OL Token will drive innovation and interaction within the platform, help Open Loot break the limitations of traditional off-chain models, become a leader in the Web3 gaming industry, and create more new opportunities for players and developers.

Advantages of the Open Loot Platform

Since its launch in early 2024, Big Time Studios’ Open Loot platform has achieved a transaction volume of nearly $500 million, thanks to the platform’s simplification of cryptocurrency functionality, scalability, payment, and compliance management, which helps game developers get started quickly. The Open Loot platform enhances the exposure and sales of Non-fungible Tokens (NFTs), while providing multiple payment methods, allowing players to enjoy high-quality games without connecting to an encryption wallet or paying gas fees.

The patented Vault technology of the Open Loot platform allows users to conveniently buy and sell Non-fungible Tokens, and provides the option to mint on-chain. The platform also includes NFT leasing, non-crypto market, and detailed NFT price history records, opening up more convenient application scenarios for Web3 games. Game studios can also focus on providing players with excellent gaming experiences and achieving commercial success through plug-and-play technology solutions and marketing support.

Open Loot currently supports a variety of games including “Big Time,” and collaborates with four innovative partners: the large-scale sandbox MMORPG “World Shards,” the multiplayer action game “Boss Fighters,” the cross-platform shooting game “The Desolation,” and the high-energy action RPG mobile game “ShatterPoint.” These games cover a player base ranging from casual to hardcore, and Open Loot is committed to redefining the gaming industry through high-quality game content.

Highlights of the first half of 2024

Since early 2024, the Open Loot platform has experienced a rapid rise due to its active community and partner support. The platform has achieved a total of 1,067,103 Non-fungible Token transactions and 1,551,969 Non-fungible Token leases in just a few months. So far, there have been 226,588 players who have created over 3,625,725 Non-fungible Tokens on the platform, demonstrating its rich interactivity and vitality.

Since the platform went live, the cumulative trading volume of Open Loot has exceeded $445 million, and millions of transactions indicate the platform’s increasing popularity and market influence.

To learn more details and the issuance schedule of the OL Token, please visit the official website.