When the internet iteration evolved, people started playing virtually rather than physically. It all started with Play-to-Fun but now transformed into Play-to-Earn (P2E).
When game and finance combine together, it forms a potential mix called “Game-Fi.”
In the blockchain world, NFTs, cryptocurrencies, gaming, and finance meet at a point known as Game-Fi.
Crypto investors are now entering the booming gaming world to develop feature-rich “Blockchain-based Games.”
A Quick Glance On Blockchain-Based Games! Games are now making people addicted, and people are now happily enjoying the real benefits just by resting in their homes or anywhere comfortable playing. Gaming owners are also earning with that. It is expected that blockchain-based video games will probably be more than $200 billion by 2023.
Today, starting a blockchain-based business is easier than you think.
How?
Here comes the role of the Initial Game Offering (IGO).
A Deep Dive Into Initial Game Offering! Many business owners and organizations are now willing to launch their new platforms in an effort to capture a piece of this lucrative industry.
One of the most popular ways to launch a new blockchain-based video gaming platform is by releasing an Initial Game Offering. IGO is nothing but a means of funding blockchain video games. Game creators can get the funds by giving early access to the gaming assets for players or shares to the investors.
Notably, the in-game materials required to play the game are frequently made available to project participants.
How Is It Put Into Practice? You might have heard of Initial Coin Offering (ICO). IGO and ICO are almost similar. The only difference is that IGO solely concentrates on the gaming industry.
The game creator will promote the gaming project on the IGO launchpad platform. Any investor interested in the project can participate in the campaign and invest in the game. In return, the gamer investor will get early access to the gaming assets and other advantages of the game. Other regular investors will benefit from a percentage of the profit. Interestingly, the creator will get the capital he wants to begin the gaming project. Perks Of Using An IGO! 100% Grip Over Your Game! When investors are investing in the game, they might expect partial ownership of the game. But IGO does not drive creators to share the ownership.
Fast Funding! With an IGO, a creator can quickly raise funds. For instance, he can rapidly collect funds from their supporters if he has substantial social media support.
Financing Upcoming Games! IGO allows the creators to promote several projects simultaneously. As a result, he can get funds for his future games too. There is no such limit on it.
Final Feather! Fundraising for blockchain gaming projects using the IGO launchpad platform is a now-trending process. Additionally, they could generate more than enough traffic and hype before a game’s debut.
Are you planning to develop an IGO launchpad platform? Connect with the leading launchpad development company and get innovative ideas and affordable services.