Big Time Studios has launched the $150 million Open Loot Fund to support the development of blockchain-based games to address key challenges in blockchain gaming.

By offering financial and technical resources, the initiative seeks to encourage the creation of games that integrate blockchain technology seamlessly, without compromising player experience.

Big Time Studios aims to enable game creators to focus on gameplay first whilst leveraging blockchain as only a secondary enhancement.

What will the funding be used for?

Blockchain gaming has often been criticized for placing too much emphasis on NFTs and tokenomics, which can detract from the quality of gameplay. The Open Loot Fund aims to counter these trends by providing developers with the necessary tools and resources to design games where blockchain technology enhances the player experience rather than overshadowing it.

In addition to funding, the initiative offers expertise in critical areas such as game economy design, asset integration, and community development. These resources help developers navigate the technical and strategic complexities of blockchain technology.

CEO Ari Meilich emphasized that the $150 million fund is a new allocation, separate from earlier investments in games on Open Loot.

What is Open Loot?

Central to this initiative is the Open Loot platform, which serves as a distribution and development hub for blockchain-integrated games.

With over 1.5 million registered users and $443 million in marketplace transactions, Open Loot provides developers with a tested infrastructure for creating and managing blockchain-powered gaming experiences. The key features of the Open Loot platform include:

• SDK for Crypto Assets: Tools to create and distribute digital collectibles seamlessly.
• $OL Token: A built-in reward system for incentivizing player and developer engagement.
• Integrated Marketplace: A secure platform for handling in-game transactions and digital assets.

By simplifying blockchain integration, Open Loot enables developers to prioritize gameplay and user experience while maintaining blockchain functionality as a supporting feature.