Big Time developer Big Time Studios has introduced its $150 million Open Loot Fund.
The fund will spend money on blockchain video games leveraging the Open Loot platform – together with the Open Loot Chain – and NFT market, which is utilized by Big Time and different third occasion video games together with World Shards and Shatterpoint.
Funds will probably be used for improvement and advertising and marketing bills, whereas strategic steering throughout in-game financial system design, gross sales technique, market optimization, advertising and marketing and neighborhood constructing may also be supplied.
The Open Loot token went reside in mid-November and presently has a market cap of $64 million primarily based on 5% of its whole provide now circulating.
Big Time Studios says the Open Loot market has facilitated nearly $500 million in lifetime buying and selling quantity and has 1.5 million registered accounts, the overwhelming majority of which has been generated by Big Time.
Studios within the funding can apply right here.
