Big Time Studios Raises $21M To Bring NFTs to Gaming Economy

Big Time Studios, a gaming company which builds next-generation, multiplayer AAA entertainment where players have control over their virtual assets, is closing a massive funding round of $21 million to integrate NFTs with the biggest gaming economies.

Big Time Studios aims to have top game companies adopt NFTs and blockchain technology by leading the way with their own action role-playing game called ‘Big Time.’ Players will have to battle their way through time and space in order to acquire and trade NFTs. Meilich told VentureBeat that their approach to NFT gaming will be different and will be focused on simplifying the asset custody and management process as much as possible.

We are creating all the technology to make it very easy for gaming companies to do this,” CEO Ari Meilich (who is also a co-founder of Decentraland) stated “But as a way for us to get to market, we are building the first game. It’s a multiplayer action-RPG where you can team up with up to six people and go into dungeons where you kill monsters, some of which are going to be dropping valuable loot. And the way the game is designed, people with zero blockchain experience are going to start collecting NFTs that have real-world value without having to have any previous knowledge about what blockchain technology is about. So ultimately, we’re trying to make the technology underlying technology invisible and just keep the value proposition for the users.”

The team behind Big Time Studios consists of veterans who previously worked for major names such as Epic Games, Riot Games, Blizzard Entertainment, and Electronic Arts. The game ‘Big Time’ is set to launch in early 2022.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

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