Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
The blockchain-based game is fast becoming in accessible to new players, one observer said.BIGTIME, the native token of blockchain-powered multiplayer game Big Time, has more than tripled in the first week of its existence. The market-beating performance does not convince some analysts.
BIGTIME tokens can be used to craft Forge, Armory and enter exclusive zones called prestige portals. The cryptocurrency has a total supply of five billion and can be acquired through in-game drops. Players intending to collect BIGTIMEPer Delphi Digital, only 5% of the total supply has been airdropped to players and is being traded in the open market, which has likely skewed demand-supply dynamics in favor of the bulls. The price boom, however, could be short-lived.
"When faced with the option to kill in-game boars in order to earn enough gold to upgrade a piece of armor or to do the same amount of work for an almost instant cash payout if all else remains equal, most rational players would choose the latter. This is almost exactly what has happened in Big Time," Delphi noted, adding that the game is fast becoming in accessible for to new players due to a sharp rise in the price of NFTs needed to collect BIGTIME.
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