Binance And GameFi (IGO) ...
Blockchain technology is developing at a dizzying pace. When Nft said Metaverse, games suitable for these started to be designed. Game projects, which are expected with great interest, will begin this year. With the growth of the game industry, a special sales platform has started to emerge. You may have heard of ICOs and then IDOs for the sales of blockchain projects. Now, game-specific sales platforms, Initial Game Offering (IGO), have started to form…
First of all, let's briefly recall what NFT, ICO, IDO and IGO are in the article ...
NFT (Non-Fungible Token) means Unique Token or digital token that represents a unique asset. These assets are completely digital or tokenized versions of real-world assets. A music , sound , picture , photography , sports trading cards , even games can be displayed on the NFT platform . The elements that make NFTs unique are; NFTs cannot be interchanged or duplicated. They are unique digital assets. NFTs cannot be split. It cannot be exchanged as it is unique. Their values are determined by the manufacturer and its investors .
ICO (Initial Coin Offering) refers to the process of raising funds for a newly launched coin or token that is just in the beginning. It provides various advantages, pre-purchase and early access to the services offered to the participants of the project through ICO. Today, this option is not preferred.
IDO (Initial Dex Offering) refers to the pre-sale on decentralized cryptocurrency exchanges. Here, investors are early investors of cryptocurrencies they like/believe and focus on making profits from investors as the project grows. Likewise, it is a good fundraising method for project owners. It is a widely used method today.
What is an Initial Game Offering (IGO) … ?
IGO is the initial offering of games developed using Blockchain technology. The difference from other IDO and ICO is that it is a platform specific to the sale of blockchain games. With IGO, game parts such as in-game themes, special privileges, in-game characters, NFT assets are included in the process.
Benefits of IGO
It is a market that offers investors early access to new generation technologies. It is this market that breathes new life into NFT assets.
IGO allows you to examine game projects in detail. Thus, it allows them to buy games and in-game items that they think will be valuable in the future at a cheap price.
The increasing interest in the gaming industry and NFT assets increases the coefficient of high earnings in the future. If the right projects are invested, lucrative capital can be obtained.
IGO is not just a coin or token sale. In IGOs, game characters, accessories and equipment, as well as various playgrounds can be sold. Investors who qualify to become VIPs get the earliest access to various digital assets such as NFTs before the game launch. These assets have high valuation potential.
The most important IGO platform is Binance. Binance, the world's largest exchange, offers a complete solution. With its own blockchain, Binance Smart Chain (BSC), Centralized exchange and NFT market, it is the right address for IGO …
My last words; My friends, we will often hear the terms Metaverse and GameFi in 2022. You should follow the projects in these sectors … These sectors will start the next bull run … You have to decide; You will either develop your characters by playing games or invest by getting the management token of the game ... You can focus on one or a few games to play games and follow the news constantly ... You cannot follow every new game ... If you buy game characters and in-game assets for sale on IGO platforms, your investment is just luck… Or you should buy management tokens early like me and wait… The decision is yours…
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