Web3 Gaming Trailblazer Big Time Studios Announces $OL Token for OpenLoot Gaming Platform

(PRESS RELEASE – Austin, United States, November 18, 2024)

Big studiespioneer of Web3 games and creator of Open Loot Platform and hit the game great momentwhich has already processed $500 million in total transaction volume, is once again causing a sensation. Active users of the Open Loot platform will soon be able to collect $OL, the market's first utility token, which will become the cornerstone of Open Loot.

“We are flipping the script on token launches. Instead of the usual fundraising frenzy, the launch of $OL aims to give back to our incredible community of gamers and game developers. From lower transaction fees and exclusive premium currency packs to invite-only early access to Open Loot games, special nft sales, exclusive in-game in-game tokens, and in-game perks,” said Ari Meilich, the visionary founder behind Big Time. Studies

Designed to power the Open Loot platform, $OL will drive user acquisition and drive engagement across all Open Loot games and products by offering substantial utility to Open Loot users, from guardianship to exclusive benefits like better deals and access early to games and collecting events. in-game rewards.

$TOKENS

The $OL token is not a fundraising mechanism. This launch is fair: there are no token sales, no tokens allocated to the team, and no tokens sold to early investors. Open Loot users can collect $OL=ugh various activities within the platform. Players actively participate in unique gaming opportunities with partners, completing challenges and participating in unique events. For loyal players, $OL tokens will provide users with early access to games, opportunities to purchase unique nfts, and discounts on special premium currency packs and primary nft sales.

For game developers, $OL is a powerful tool for user acquisition. Developers can leverage the token to reward players for in-game activity, such as reaching milestones or dropping in-game tokens, which will drive engagement. Limited-time events can attract users to Open Loot partner games and create exposure for the game and ecosystem. $OL fosters deeper connections between developers and their audiences, giving developers the power to offer players significant value through competitive, social, and metagame features and targeted promotional offers that improve player engagement.

The potential uses of $OL are broad and will define engagement and innovation across the platform. $OL will build trust in Open Loot's platform and marketplace, expand its reach beyond traditional off-chain models, and lead the way for the Web3 gaming industry, opening a world of opportunities for players and studios.

Open Loot Platform

Big Time Studios' Open Loot gaming platform and marketplace has facilitated nearly $500 million in transactions since the beginning of 2024. This achievement is due to Open Loot's ability to simplify complex cryptocurrency functions, scalability, distribution, payments and regulatory compliance for developers. The marketplace increases nft visibility and sales while offering various payment options.

Players enjoy high-quality games without the typical Web3 hassles, such as connecting a crypto wallet, paying gas fees, or waiting for transactions. Patented Vault technology allows nfts to be easily bought and sold without high gas fees, with the option to mint them on the blockchain. The platform includes features like nft rentals, a marketplace for non-crypto in-game currencies, and detailed nft price histories, making Web3 games accessible. Game studios benefit from out-of-the-box technology solutions, including game launchers and premium currencies. Open Loot also provides expert game economy marketing, design and production support, ensuring developers can meet player expectations and achieve success.

The Open Loot platform manages all fundamentals, overseeing sales and leasing of digital and traditional items for Big Time, the hit free-to-play multiplayer action role-playing game, and five pioneering launch partners, each curating different experiences Web3 game. World Shards, an expansive sandbox MMORPG; Boss Fighters, an attractive multiplayer action title; The Desolation, an immersive cross-platform loot shooter; ShatterPoint, an adrenaline-filled F2P action mobile RPG; and One Tap, a strategic first-person shooter. Positioned to redefine the gaming sector, Open Loot will focus on high-caliber mid-to-end core games.

Success in the first half of 2024

Since early 2024, the Open Loot platform has seen growth driven by its vibrant community and great partners. Underscoring Open Loot's successful quarter so far saw over 1,067,103 nfts exchanged and 1,551,969 nft rentals. This year, more than 226,588 players have created more than 3,625,725 NTFs showcasing the dynamic and engaging ecosystem of the platform.

Since its opening, Open Loot has accumulated more than $445,167,044 in total transaction volume, with millions of transactions indicating the growing popularity and success of the platform.

Users can visit https://openloot.com/ for more details.

About Big Time Studios

Big studiesFounded by Ari Meilich, it is a pioneering force in the crypto gaming industry, recognized for its innovative Open Loot platform and the hit game Big Time. With a mission to revolutionize the nft gaming experience, Big Time Studios seamlessly integrates high-quality games with blockchain technology, offering players unparalleled gaming experiences. Selected Open Loot platform gives developers the opportunity to reach a broader audience and drive engagement through unique in-game rewards and events, while players benefit from exclusive access to high-quality games, special sales of nfts, in-game advantages and airdrops. Big Time Studios' Open Loot platform has facilitated nearly $500 million in total transaction volume, underscoring its commitment to creating a dynamic and engaging ecosystem for players around the world. For more information, visit the Big Time Studios website.

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