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NFTs Are ‘Loot’ in This New $21 Million Crypto Gaming Venture

  • ‘NFTs are ready for prime time,’ says Big Time’s Ari Meilich
  • Development for ‘Big Time’ is already underway for Windows PCs
“Big Time” multiplayer action RPG
“Big Time” multiplayer action RPGSource: Big Time Studios

A group of gaming veterans has raised an initial round of funding to help launch Big Time Studios, a company looking to develop what it says is the world’s first action-PC game based on crypto technology.

Big Time Studios -- founded by alumni of companies including Epic Games, Riot Games, Blizzard Entertainment, Electronic Arts and Decentraland -- has raised $10.3 million in a Series A round, according to a statement the venture released Wednesday. That sum will go toward building its first action, role-playing game that will allow players to buy and sell NFT-based virtual items. The company said it’s also close to forming an $11 million fund that will be used to invest in gaming companies that adopt Big Time’s technology.