Big Time Studios, the developer behind the popular Open Loot platform, has revealed its latest initiative – the $150 million Open Loot Fund.
This fund invests in blockchain games that utilize the Open Loot platform, including the Open Loot Chain and NFT marketplace. Notable games such as World Shards and Shatterpoint are already leveraging this platform.
The funds from the Open Loot Fund will be allocated towards development and marketing expenses. Additionally, recipients will receive strategic guidance on various aspects such as in-game economy design, sales strategy, marketplace optimization, marketing, and community building.
One key highlight is the recent launch of the Open Loot token in mid-November, which currently boasts a market cap of $64 million.
This token is based on 5% of its total supply currently in circulation. Big Time Studios shared that the Open Loot marketplace has facilitated nearly $500 million in lifetime trading volume and has amassed an impressive 1.5 million registered accounts, with the majority coming from Big Time.