An Initial Game offering (IGO) is a type of crowdfunding method for blockchain-based games.
Inspired by Ether (ETH) before they can start playing or earning on the platform, depending on the platform.
IGO Launchpads
Early IGOs were actually conducted in an ICO format and there are still developers that crowdfund completely on their own. However, but in 2021 with the rapid rise in NFTs, public interest in gaming cryptocurrency exchange platforms have also begun to offer IGO launch services. For instance, Binance offers the Binance NFT that enables platform s to invest in in game assets and NFTs from various gaming projects. GameFi and Gamestarter, on the other hand, are platforms that are intended exclusively for crowdfunding dApp games.
The advantage of using an IGO launchpad is that once the project has been invested in, the purchaser will immediately receive the game tokens or assets in their wallet. They will then be able to use them when the project is released. In some cases, IGO investors will also be given early access to the game. This is really advantageous in an NFT-style game like Axie Infitnity where the early investor can get a head start on breeding the pets that future players will need to purchase in order for them to participate on the platform.
