Big Time Studios Launches OPEN LOOT Platform, Eliminates Gas Fees

Big Time Studios Ltd. (BTS) has announced the launch of the OPEN LOOT (OL) Platform, a significant development following the success of their flagship title ‘Big Time’ which generated NFT sales exceeding 100 million dollars. The OL Platform is designed to enable developers to launch web3 games and distribute their NFTs through the OPEN LOOT Marketplace. The platform's Vault technology simplifies the process of receiving and managing blockchain-based digital assets, allowing players to trade and sell assets seamlessly.

One of the standout features of the OL Platform is its elimination of gas fees and instant transaction settlement, providing an unparalleled experience for players. Ari Meilich, CEO at BTS, expressed his vision, stating, "We believe that we can bring the success we realized with Big Time to our partner studios, and have them join the largest web3 gaming community in the world." This initiative aims to create a robust ecosystem where developers can thrive and players can enjoy a smooth gaming experience.

In addition to the OL Platform, BTS has also announced the OPEN LOOT Ecosystem Fund. This fund is designed to support game developers in their journey to launch web3 games. Tony Colafrancesco, VP of Partnerships at BTS, highlighted the excitement around this initiative, saying, "We are very excited to be able to participate in funding the next generation of web3 games, and bring our expertise in-game economies and our vibrant community to our partners." Developers interested in collaborating with the Fund can find more information and apply at openloot.com.

BTS has already established partnerships with notable game developers such as GC Turbo, Hit Factor, Motor Meta, and global payments solution Circle. These collaborations underscore the company's commitment to fostering innovation and growth within the gaming industry.

Big Time Studios Ltd. is the publisher and developer of the video game Big Time, as well as the creators of the OPEN LOOT Platform. The platform is designed to facilitate the minting and distribution of crypto-based digital assets within games, providing a seamless experience for casual players. Founded by Ari Meilich, Thor Alexander, and Matt Tonks, the BTS team is distributed globally, reflecting the company's international reach and influence.