Large Time reveals $150 million Open Loot Fund

Large Time developer Large Time Studios has introduced its $150 million Open Loot Fund.

The fund will spend money on blockchain video games leveraging the Open Loot platform – together with the Open Loot Chain – and NFT market, which is utilized by Large Time and different third occasion video games together with World Shards and Shatterpoint.

Funds can be used for improvement and advertising and marketing bills, whereas strategic steerage throughout in-game financial system design, gross sales technique, market optimization, advertising and marketing and group constructing may even be offered.

The Open Loot token went reside in mid-November and at the moment has a market cap of $64 million based mostly on 5% of its whole provide now circulating.

Large Time Studios says the Open Loot market has facilitated virtually $500 million in lifetime buying and selling quantity and has 1.5 million registered accounts, the overwhelming majority of which has been generated by Large Time.

Studios within the funding can apply right here.

Information fiend and editor-at-large Jon Jordan has been writing/talking in regards to the video games trade since 1999. He predicts blockchain is the following nice disruption and was the launch editor of BlockchainGamer.biz. Jon is a video games trade veteran: ex-Edge, Develop, Gamasutra, Searching for Alpha, PocketGamer.biz. You may contact him by way of [email protected]

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