Big Time Studios launches $150 million Open Loot Fund for Web3 games

Big Time Studios Announces $150 million Open Loot Fund to support Web3 games on the Open Loot platform.

Big Time Studios wants to empower game studios by leveraging the Open Loot platform. This fund provides financial support, marketing expertise, and development support to enable studios to create high-quality crypto games.

Open Loot is a distribution platform that enables game studios to reach a specific audience of 1.5 million registered players.

Thanks to the SDK, studios can mint and distribute crypto assets, enriching gameplay with unique collectibles and digital currencies. Open Loot also features the $OL token, which promotes community growth by rewarding players and developers. The platform has recently facilitated nearly half a billion dollars in transaction volume.

Inspired by the success of its flagship game, the role-playing game Great timethe company is reinvesting $150 million to support professional studios and nurture the next wave of games. The company said it is committed to helping third-party studios avoid common pitfalls that have hindered others in the industry.

In the early days of Web3 gaming, many developers prioritized blockchain integration over gameplay, often resulting in a fragmented gaming experience. Big Time Studios said the focus on non-fungible tokens (NFTs) and cryptocurrency economics sometimes comes at the expense of creating compelling games.

Big Time Studios said that fortunately the industry has evolved. The developers are now focusing on crafting engaging gameplay first and seamlessly integrating blockchain technology to enhance the overall experience. This balanced approach has led to more vibrant gaming communities.

The $150 million Open Loot Fund supports this cutting-edge approach to game development. By providing much-needed financial support and advisory, the fund enables developers to prioritize great gameplay while ensuring that blockchain elements complement the player experience. Additionally, the fund provides strategic direction for game economy design, sales strategy, market optimization, marketing, and community building, the company said.

This initiative promotes the creation of high-quality games and aligns with the industry’s shift towards prioritizing user engagement and satisfaction. By fostering innovation and player-first design, we aim to shape the future of Web3 gaming.

Game studios interested in joining the Open Loot ecosystem and tapping into the $150 million fund are encouraged to visit the site Finance application.

Ari Milic, founder of Big Time Studios, said in an email to GamesBeat that the fund has not deployed any capital yet.

“We have previously invested in all the Open Loot games you see on Open Loot: a total of US$10 million collectively but that is not part of the $150 million fund,” Milic said.

The Open Loot platform manages all core elements, overseeing digital and brick-and-mortar sales and rentals for Big Time, a free-to-play MMORPG, and five leading launch partners, each curating distinct Web3 gaming experiences.

In addition to Big Time, it also features the multiplayer RPG World Shards; Expanded sandbox MMORPG Boss Fighters; Multiplayer action title Havoc; ShatterPoint’s immersive cross-platform shooter and adrenaline-packed first-person mobile RPG One Tap. The company’s top countries for players are the United States, China, Brazil, and Turkey.

Launched in 2020, Big Time Studios raised $10.3 million in 2021 and has raised an additional $11 million to invest in technology. In November 2021, the company sold more than $70 million worth of NFTs. It launched early access to Big Time in April 2022, and in October 2023, it launched the game’s economy. In November 2024, the company held its $OL token launch. In 2024, the company reached $443.3 million in total market volume, with 1.4 million users selling the unique platform and 1.98 million digital collectibles.