[TL；DR]:
Big Time is an Ethereum-based massively multiplayer online role-playing game (MMORPG), which basically has the prototype of MMORPG and has preliminarily achieved the elasticity of the game's economic cycle.
Big Time has relatively sufficient financial resources to support the sustainable operation of the project.
For secondary market investment users, the GameFi track may usher in a new narrative in the next bull market, but it is not advisable to generate FOMO or FUD sentiment towards specific targets, and investment decisions need to be carefully made.
Introduction
After a long silence, Game finally broke through the siege and ignited market attention. Since the launch of the 3A game Big Time token with the same name on exchanges such as Gate.io, a staggering 20-times increase has successfully attracted the attention of gold miners, players, and the media.
This article will explore whether BitTime is enough to become the light of a bear market in terms of gameplay, token allocation, and operational mechanisms.
What Game is Big Time?
Big Time is an Ethereum-based massively multiplayer online role-playing game (MMORPG) with gameplay similar to World of Warcraft and Diablo, which combines open world and dungeon levels. Players can form teams of up to 6 people to cross levels together. Big Time Game Page
Specifically ordinary game players do not need to purchase any NFTs to play the game, and there is a low probability that the item NFTs will be dropped during clearance dungeons, which can be sold to senior players in Open Lot to monetize. Senior players need to spend money on the game's built-in market, Open Loot, to buy space NFTs, arsenal NFTs, furnace NFTs, time guard NFTs, etc., and assemble cool weapons and equipment accessories to showcase their high power and satisfy their sense of honor.
In terms of the core mechanism of the game, Big Time draws on mature MMORPG characters and growth designs, but its own free transfer system can effectively enrich the gaming experience of players.
In addition, from the actual gaming experience, BitTime provides players with more realistic graphics, smooth and reliable upgrade design and equipment elements, as well as a friendly NFT trading experience. Compared to old GameFi, this game has already taken the basic form of a high-end GameFi.
Looking back at history, Big Time was not well-known before its debut. During the low ebb of the bear market, many old players dispersed and left, and the KYC and invitation code mechanisms were not as friendly to new users.
On October 10 of this year, Big Time launched a pre-season event, which not only allowed players to earn token revenue by making money in the game but also provided future airdrop rewards for tokens; In addition, the launch of tokens on the exchange naturally boosted its popularity in the short term.
The popularity in the early stage was relatively average, and retail investors had a relatively small amount of currency, alleviating the selling pressure on the coin. In addition, with the benefits of gold promotion and the launch of the exchange, it is not difficult to understand the popularity caused by Big Time.
Overall, Big Time has achieved the core asset chain up, basically possessing the embryonic form of MMORPG, and has preliminarily achieved the elasticity of the in-game economic cycle, which is expected to become the leader in the next bull market Gamefi field.
What is the Operational Level of Big Time?
Through our analysis of Big Time's operational data, compared to the development and operating costs of tens of millions of dollars in this field, Big Time has relatively sufficient financial resources to support the sustainable operation of the project.
Specifically, Big Time announced the completion of a $21 million financing on May 12, 2021. In addition to the early financing part, Big Time has also repeatedly gained revenue by selling game NFTs, mystery gift boxes, and more. On July 22, 2021, Big Time launched NFT Drop for the first time in the Binance NFT market, earning approximately $670,000 on the spot.
Subsequently, community voices stated that Big Time had made billions of dollars from multiple NFT sales activities, but this information was not officially confirmed.
In addition, Big Time has also taken frequent actions in marketing. According to public information, Big Time has established cooperative relationships with over 20 game guilds, including YieldGuild, Merit Circle, Avocado Guild, Neo Tokyo, Black Pool, YGG Sea, ReadyPlayerDAO, and most of the cooperative guilds have purchased corresponding NFT assets in Big Time games (the specific amount is unknown). The one with clear transaction data is the Web3 community OpenDAO, which has established a business partnership with Big Time and purchased over $5 million in SPACE. Maximum circulation of SPACEs with different rarities and sizes
Thanks to the rich and fun gaming experience and sustainable token economy mechanism, the Big Time team stood out during the bear market period and was recognized by many investors and game guilds. The conservative revenue of the treasury reached $93.87 million, demonstrating strong cash absorption ability, which led to the outstanding performance of tokens in the secondary market.
Finally, it is worth mentioning that in the early $21 million financing of Big Time Studios, a portion of the $10.3 million was led by FBG Capital, which happened to be one of the market makers that received 60 million token allocations before the recent Big Time token trading, and the other was Amber Group.
The "Big Era" of GameFi Investment?
Although Big Time has been criticized by some observers, such as the issues about Ponzi economic model and the equipment consumption and many bugs, it cannot be denied that Big Time has made more active explorations compared to the StepN and Axie infinity of the previous round of GameFi.
Big Time has developed high-quality games to attract Web2 deep players, who need to collect skins, purchase powerful props, and other upgrades to meet their sense of achievement. Their expenses are earned by Web3's gold diggers, forming a mutually adaptable supply and demand loop.
In addition, the KYC review and internal test invitation codes for coin withdrawals in the game itself have reduced token selling pressure. At the same time, the official clear expectation of air drops and more incentive activities will also greatly retain players. In theory, Big Time's token supply and demand are controlled internally, and the economic model is relatively sustainable.
From the perspective of the entire GameFi circuit, although the number of GameFi players and gaming popularity has significantly decreased since the bear market in 2022, the core group of Krypton gold players still maintains high activity. Once the macro environment begins to recover, high-quality projects that continue to be developed and operated will soon emerge, and both game tokens and their playability will have great imagination space. Comparison of BTC Market Cap and GameFi Market Cap
Based on the above discussion, we have an optimistic attitude toward the development potential of GameFi. New GameFi represented by Big Time explores a balance between the comparable Web2 gaming experience and the implementation of Web3 assets on the chain. These beneficial explorations will also bring new narratives to the GameFi track.
However, the high heat also often leads to speculative foam and the game of narrative price investment. For secondary market investment users, while maintaining long-term Optimism about the development of the crypto industry, they should also rationally analyze specific investment targets, minimize FOMO or FUD, and make prudent investment decisions.
Introduction
What Game is Big Time?
What is the Operational Level of Big Time?
The "Big Era" of GameFi Investment?
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