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    Home » News » Metaverse » Big Time Studios Raises $21M for NFT Gaming Integration

    Big Time Studios Raises $21M for NFT Gaming Integration

    By TheoMay 18, 2021Updated:January 31, 20232 Mins Read

    NFT gaming got a boost this week as Big Time Studios announced it had closed $21M in funding. Big Time, with triple-A talent on its roster, creates next-generation multiplayer games. This funding round is aimed at integrating NFTs into major gaming technologies.

    An image from Big Time, an NFT gaming property by Big Time Studios
    A still shot from Big Time, an NFT-enhanced action-RPG by Big Time Studios.

    NFT Games a Growth Industry

    The move comes as companies race to find ways to capitalize on the NFT boom. In-game economies are an obvious next step for crypto dynamics, which already trade in virtual goods. It is all but certain that Big Time’s foray will create a new urgency in the NFT gaming space. That is an urgency the company hopes to capitalize on.

    Big Time’s CEO, Ari Meilich, told VentureBeat they would aim to simplify asset custody and management. The focus, said Meilich, is to allow users with “zero blockchain experience” to play along.

    An image from Big Time, an NFT gaming property by Big Time Studios
    Big Time’s epic-sized world aims to boost NFT gaming for all. Credit: Big Time Studios.

    Investing in the Future

    The $21M in funding round will go toward building the technology to allow other platforms to capitalize on NFTs in games. Meilich also revealed that Big Time will be producing a kind of proof-of-concept in their own game, also entitled “Big Time.” Described as a multiplayer action-RPG where up to six people team up to kill monsters, it is expected to launch in 2022.

    Big Time Studios boasts a team with talent from Epic Games, Blizzard, Electronic Arts, Riot Games and Decentraland. Despite their credentials, Big Time’s effects on the NFT gaming space remain to be seen. However, if they meet their goals of making NFTs more accessible for everyone, much more than a stellar game may be on the way.

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    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

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    Theo
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    Theo is NFTevening co-founder. He has been in the digital marketing & Media industry for the past 7 years and is involved in several big publishing companies - Reaching 35Millions users monthly across 20 different countries. He is a nostalgic gamer, a Witcher-fan and a huge NFT-enthusiast !

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