Big Time developer Big Time Studios has announced its $150 million Open Loot Fund.
The fund will invest in blockchain games leveraging the Open Loot platform – including the Open Loot Chain – and NFT marketplace, which is used by Big Time and other third party games including World Shards and Shatterpoint.
Funds will be used for development and marketing expenses, while strategic guidance across in-game economy design, sales strategy, marketplace optimization, marketing and community building will also be provided.
The Open Loot token went live in mid-November and currently has a market cap of $64 million based on 5% of its total supply now circulating.
Big Time Studios says the Open Loot marketplace has facilitated almost $500 million in lifetime trading volume and has 1.5 million registered accounts, the vast majority of which has been generated by Big Time.
Studios interested in the funding can apply here.
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