Coinbase, OKX add support for gaming token BIGTIME

0 – images.unsplash.com

Coinbase has announced the listing of blockchain gaming token BIGTIME on its spot market. Similarly, OKX has also added support for the altcoin on its platform.

“Coinbase will add support for Big Time (BIGTIME) on the Ethereum network (ERC-20 token),” Coinbase announced on X (formerly Twitter).

BIGTIME is the native token of Big Time, a blockchain-based RPG. The Big Time project is led by a squad of game developers from Fortnite, Call of Duty and World of Warcraft, as well as several other blockchain pioneers. The main objective behind the project is to develop a multiplayer role-playing environment that allows users to own, transact and design digital assets in the form of non-fungible tokens (NFTs).

The project itself has been in development as early as 2021, with the team receiving tens of millions of dollars in investment from prominent industry players such as Galaxy Digital, Animoca Brands and Coinbase Ventures.

In preparation for the launch, the Big Time team has completed multiple NFT auctions on Binance NFT.

Big Time’s offers

Big Time’s preseason went live on October 10 following a beta testing. The preseason event gives players a sneak peek into the game’s features and mechanics.

The free-to-play multiplayer action RPG has seen rapid growth in the community as more gamers are signing up for the experience. In an interview with CoinDesk last September, founder Ari Meilich said the community had grown to over 350,000 people on Discord and over a quarter million on X.

With a signup list with over a million people and direct sales of over $80 million, Big Time enjoys similar hype to the 3D virtual world browser-based platform Decentraland (MANA) and the non-fungible token-based online video game Axie Infinity (AXS).

Prior to the launch, Big Time had already earned its status as the most streamed PC Web3 game on Twitch, with over 3000 streamers having played its pre-alpha.

The game is powered by Open Loot, a platform that allows developers to launch Web3 games and manage blockchain-based digital assets. It also adopts a play-to-earn model rather than a pay-to-win approach to create fair and meritocratic gameplay.

Big Time is open to both blockchain and non-blockchain gamers. The developers want to make it easier for the latter to join by creating an Infinity Vault system, which aims to simplify the mechanics of NFT trading within the game.

In the game, the players’ customizable avatars will embark on journeys between different realms, ranging from ancient civilizations to dystopias. The game’s tokenomics encourages players to invest their time and creativity by offering rewards such as NFTs. The developers refer to it as a “player-owned economy,” where users independently craft, trade or loot digital wearables and collectibles.

BIGTIME’s rally

Through the Coinbase and OKX listings, BIGTIME received an overwhelming influx of investment and interest, with its value soaring by 71 percent within hours after the announcement.

At present, BIGTIME is estimated to be worth around $22 million. The price of BIGTIME was around $0.052602, and now it has increased to about $0.095.

Now listed for trading on the three top centralized crypto exchanges —OKX, BingX and MEXC— the token saw a massive spike in daily trading volume, with an increase of 280 percent and more than $30 million worth of trades. However, analysts are warning investors to be cautious of a potential sell-off.

Moving forward, the Big Time team expressed their commitment to providing users with the best possible gaming experience.