An Initial Game Offering (IGO) is a new way for developers to fund their game projects. It is a form of crowdfunding that allows users to invest in the game and receive a small stake in return. IGOs are typically launched on specialized platforms, such as gaming launchpads. These launchpads provide the infrastructure and tools needed to run a successful IGO.
At its core, an IGO is a form of crowdfunding. Developers create their project, set a funding goal, and invite users to invest in the project. In return, users receive a small stake in the game. The exact structure of an IGO varies from platform to platform, but typically users can invest in the game using cryptocurrency, such as Bitcoin or Ethereum. These investments are then used to fund the development of the game. Once the game is launched, users can then trade their stake in the game on the open market. This allows users to potentially make a profit on their investment.
One of the key advantages of an IGO is that it allows developers to raise funds for their game without having to go through the traditional venture capital process. This makes it easier for indie developers to get the funding they need to make their game a reality.
In addition, IGOs are typically open to anyone, regardless of their background or experience. This allows anyone to invest in the game and potentially make a profit.
In order to participate in an IGO, users typically need to use a specialized platform, known as a gaming launchpad. These launchpads provide the necessary infrastructure to run an IGO, such as a user interface, wallet, and trading platform. In order to participate in an IGO launchpad, users typically need to create an account and deposit funds into their wallet. Once the funds are deposited, users can then invest in the game.
Once the IGO is complete, users can then trade their stake in the game on the open market. This allows users to potentially make a profit on their investment.
Overall, an Initial Game Offering (IGO) is a new way for developers to fund their game projects. It is a form of crowdfunding that allows users to invest in the game and receive a small stake in return.
