What is an Initial Game Offering (IGO)?

Introduction

I know you may hear about the IPO of the company. When a company sells shares to the public that is called an initial public offering. The Crypto community is aware of different fundraising concepts like ICO, IPO, STO, and ILO that have just joined the industry but this IGO is new and is exclusively developed for gaming platforms that endorse Non Fungible Tokens. Let’s discuss in detail.

Table of Contents:

• What is an Initial Game Offering?
• What is an IGO launch pad?
• What are some popular IGO launch pads?
• Bottom line

What is an Initial Game Offering?

In layman’s language, it may be referred to as a fundraising concept. A fundraising platform that is exclusively built for the NFT gaming platform. When the IGO (Initial Game offering) will be launched, investors are ready to invest in specific gaming projects.

In addition, IGO is a type of crowd funding that permits the user to invest in NFT assets or Blockchain gaming tokens which is called an Initial Game Offering. You can get project tokens in return for the investment. The project token holds the percentage of the share and other details. For the time being, the revenue of shareholders will increase as the percentage of investor’s increases.

We have seen a glimpse of the Initial gaming offering (IGO), let’s move to the next level. We will discuss the most popular IGO that has been launched in a bit of detail. Let’s get started.

What is an IGO launch pad?

IGO launch pad is considered a decentralized platform that encourages investors to participate in the IGO( Initial Game Offering).To conquer the shortage of funds, This kind of platform was built. All startups and growing entrepreneurs are welcome to invest in the platform.

What are Some Popular IGO Launch Pads?

Let’s see some popular lists of the IGO launch pad.

• Game Fi

Game FI was developed by the labs behind Red kite. It has the largest ecosystem of IGO. Recently IGOs were launched for Kaby Arena. Kaby arena is a popular NFT game, within 48 hours of launching the value of the NFT game doubles.

• Seedify

Seedify is made for blockchain games. It was founded in 2021 on a finance smart chain. Seedify has conducted different initial gaming offering seminars. The purpose of seedify is to connect investors to their platform. Elrond is a type of seedify network that issues tokens for investors.

• Game Starter

The game starter is created on polygon magic and it is a component of a polygon gaming studio. It carries its own token such as $Game which is already listed on other exchanges like Uniswap and Pancakeswap.

• Enjin Started

It is designed for blockchain gaming and built on Enjin jumpnet. The game creators accumulate returns completely based on Enjin’s trade volume.

There are different IGO launchpads available in the market. We recommend testing the holder benefits of the native token and don’t forget to compare it with the benefits of other IGO.

Bottom line:

The initial game offering is an incredible technique for appreciating the game and yielding money. The developers are running out of cash and are developing the initial game offering to boost the funding for future versions, updates, and many more.

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