The Viral Blockchain Adventure Game: Big Time
The decentralized adventure game Big Time has recently gained popularity due to its integration of blockchain, cryptocurrency, and NFTs. The game’s “pre-season” launched on October 10th and quickly attracted a large community of players who can earn crypto coins within the game. Participants can also sell non-fungible tokens received as rewards on secondary markets.
Overview of BigTime Game and Blockchain Integration
Big Time is a free-to-play action-adventure role-playing game similar to “World of Warcraft” and “Runescape”, but with a blockchain and crypto twist. The platform is powered by Openloot, which provides decentralized solutions for web3 games and offers various support services. The game’s plot revolves around a world on the brink of extinction, where factions and dark forces battle each other in a space-timeless context.
Huge Success and Support from DAOs
Since its launch, Big Time has achieved significant milestones, including selling over 100,000 NFTs worth more than $100 million. It also boasts a pre-registered user base of 1 million. Several DAOs and blockchain-based game foundations have invested heavily in the project, with Yield Guild, Merit Circle, and Avocado being notable examples.
Playing Big Time and Potential Price Volatility
To play Big Time for free, you need an initial access code that can be obtained through the project’s official Discord or by watching other players’ Twitch live streams. The BIGTIME token has experienced rapid growth, reaching a circulating capitalization of $40 million with approximately 3,400 holders. However, its price action may be subject to high volatility in the future.
The Negative Factor: Inflation
One major concern regarding BIGTIME’s tokenomics is its significant inflation, which could quadruple the number of tokens in circulation within three years. Currently, only 158 million coins (around 3% of the total supply) are in circulation. This inflation factor may pose risks to the token’s long-term value.
Understanding the Limitations and Risks
While the play-to-earn model offers rewards for users who spend time on the platform, it also relies on continuous user growth and token buybacks to maintain demand. No play-to-earn project has successfully overcome this supply-related issue so far. It is crucial for players to be aware of these limitations and risks when holding BIGTIME crypto.
Hot Take: The Future of BIGTIME Crypto
Although Big Time has gained significant popularity due to the hype around NFTs and blockchain-based gaming, the future of BIGTIME crypto may be uncertain. The token’s price could experience a sharp depreciation as new tokens are issued within the decentralized ecosystem. Players should exercise caution and consider the potential risks associated with holding this token.
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