LitLab Games is a AAA video game publisher focused on esports, which integrates blockchain technology into its gaming ecosystem to create a crypto-based economy. The goal is to establish a sustainable token economy for esports, enabling professional gamers to monetize their skills independently from streaming platforms or content creation.
LitLab Games leverages blockchain technology, specifically the Binance Smart Chain (BSC), to support its games. This includes the use of tokens for in-game transactions and rewards. The LITT token is utilized for activities such as joining competitive games, tournaments, purchasing NFTs, and accessing early betas. The platform also supports cross-game assets that can be used in various games developed by LitLab.
The primary use cases for LitLab Games center around the gaming and esports industries. These include joining competitive games, participating in tournaments, purchasing NFTs, and upgrading game experiences with the LITT token. Additionally, the token finds real-world applications in games like CyberTitans, Tinies, and No Way Back, further extending its utility in the gaming sector.
LitLab Games was founded by a team of experts in video games, esports, and web3 industries. Key milestones include its Initial DEX Offering (IDO) in May 2023, the release of its first blockchain game CyberTitans, and its acquisition by Elixir Games in December 2023. This acquisition led to the integration of the LITT token into other web3 titles and partnership with Elixir Games, enhancing its infrastructure and liquidity in the gaming ecosystem.