$OL Token by Big Time Studios Enhances Gaming on Open Loot Platform

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one month ago

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Big Time Studios Releases the $OL Token

Big Time Studios, the creator behind the Open Loot platform, has introduced its first utility token, the $OL token. This new token launch is a significant step for the company, known for its flagship game Big Time and for reaching nearly $500 million in total transaction volume. Unlike typical token launches that focus on fundraising, the $OL token centers on rewarding and engaging users of the Open Loot platform, creating a stronger community and ecosystem.

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Big Time Overview 

People can embark on adventures alone or with up to six other people in Big Time's rich fantasy realm. Players must take on instanced adventures full of objectives and strong bosses in this game that blends fast-paced action with strategic features. Time Warrior, Quantum Fixer, Chronomancer, and Shadow Blade are the four classes from which players can select. Each class provides a unique experience, adding depth to gameplay and allowing players to pick a style that best suits their preferences.

Customization is also a core feature, as players engage in crafting activities to personalize their characters and surroundings. NFTs play a significant role here, with in-game items that players can acquire and use for a more tailored gaming experience. Big Time also introduces a flexible class system using “Pocket Watches,” which lets players switch between classes without the typical limitations of traditional MMORPGs.

Big Time Studios' founder, Ari Meilich, highlighted the $OL token’s community-driven purpose. Rather than following a typical fundraising approach, the launch of $OL is about giving back to Big Time’s community of players and developers. The $OL token comes with several benefits, including reduced transaction fees, exclusive in-game perks, early access to new games, and unique NFT opportunities. Developers, too, gain a powerful incentive tool, as they can use $OL to enhance game engagement, reach broader audiences, and drive more player activity.

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The $OL token stands out for its inclusive approach, as there are no early investor sales, team allocations, or private sales involved. Users can earn Open Loot Reward Points through various activities on the platform, like completing challenges, joining events, and achieving milestones in games. Key benefits for players include early game access to upcoming Open Loot titles, NFT discounts, and in-game rewards for completing specific challenges or participating in exclusive events.

For game developers, $OL is a resource to help deepen player connections. By incorporating $OL rewards, developers can increase player engagement and retention, encourage competitive gameplay, and run social features and targeted promotions that align with the token’s community-focused mission.

Since its launch, the Open Loot platform has seen impressive engagement, with over $445 million in transaction volume. This includes the crafting of more than 3.6 million NFTs and handling over 1.5 million NFT rentals in 2024 alone. Open Loot streamlines web3 processes, simplifying NFT transactions and blockchain minting with its proprietary Vault technology. The platform also removes common blockchain barriers like crypto wallets and gas fees, making it accessible for both developers and players.

Some of Open Loot's standout features include:

• NFT Rentals and Sales: Flexible options tailored for both players and collectors.
• Advanced Analytics: Detailed pricing history to give users a clear picture of NFT values.
• Developer Tools: Comprehensive solutions for game launches, marketing, and economy design.

Open Loot hosts a diverse lineup of games, with Big Time leading the way. The platform’s offerings include titles from five additional launch partners:

• World Shards: A sandbox MMORPG offering expansive worlds.
• Boss Fighters: Multiplayer action-packed gaming.
• The Desolation: A cross-platform loot shooter.
• ShatterPoint: A free-to-play action mobile RPG.
• One Tap: A tactical first-person shooter.

These titles showcase Open Loot’s dedication to high-quality experiences that span various genres, from mid-core to hardcore, catering to a wide range of gaming preferences.