PANews reported on December 18 that Big Time Studios announced the establishment of a $150 million Open Loot fund, aimed at promoting game development on the Web3 platform Open Loot. The fund will provide financial support, marketing, and development guidance to game studios, helping to develop high-quality crypto games.
The Open Loot platform has 1.5 million registered players, supporting developers to mint and distribute digital assets through the SDK, and rewarding players and developers with $OL tokens. Currently, the platform has achieved nearly $500 million in transaction volume.
