Ever since the first video game was released in the early 1970s, the craze for home gaming has increased exceptionally. The domain keeps flourishing irrespective of what the real world suffers from. With blockchain technology being realized after a lot of academic and professional research, gaming corporations have already started looking at developing games that use blockchains or related products. This resulted in the development of play-to-earn blockchain games that have been successful in many developing countries. Some people even stated monetary rewards won through such games as their sole source of income. As such games gained popularity, it was time for another change when launchpads entered the scene. Launchpads aimed to reduce offerings for scam projects with rigorous vetting procedures. The gaming domain later came up with their own version of launchpads, namely initial game offering (IGO) launchpads. These launchpads are still far and few, as they are in their infancy, and how they are received is yet to be seen in full scale. In this blog, we will see more about initial game offerings and IGO launchpads that work for these offerings.
What is an Initial Game Offering?
Initial Game Offerings are schemes where users invest in a blockchain-based game project’s in-game currency or other NFT-based assets before the launch of the game. Investing in a game through an IGO could prove fruitful since higher returns of investments (ROIs). This is possible when one launches the game on a popular crypto exchange, apart from giving early access to advanced in-game props that would excite the gaming community.
What is an IGO Launchpads?
An IGO launchpad is a platform where gaming projects offer initial offerings to attract investors and raise funds. The offerings can include in-game cryptocurrencies or in-game assets such as weapons or accessories, which one can use once the game officially launched for users. These platforms are a recent advancement in the ever-growing space of blockchains. And some of them already have garnered enough attention to benefit from being early for the race. Popular IGO launchpad platforms in the current scenario include Gamefi ($GAFI), Enjinstarter ($ENJINSTARTER), Gamestarter ($GAME), and Seedify.fund ($SFUND).
User Flow on an IGO Launchpads
- First, a user/investor looks out for a gaming project on the NFT gaming launchpad that fits their liking. Once they find such a game, they can scour through the project’s details, including its whitepaper, and decide. It is important to note that the investor would need to have the native token of the launchpad at times to carry out purchases.
- Once the investor decides to invest in a particular gaming project, they should buy the tokens of their interest from the blockchain gaming launchpad. The tokens on offer can range from in-game cryptocurrency to valuable in-game assets, such as advanced weapons or special skins.
- At times, the gaming project’s developers might request the investors to stake the tokens they had bought for a defined time to establish the project’s value. The platform could incentivize the investors for their staking action.
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After the staking period, the investor can sell their NFT gaming tokens through popular marketplaces or the marketplace present in the particular game’s environment.
Prominent Features of an IGO Launchpads
- No Wait Trading – In an efficient NFT gaming launchpad platform, a user doesn’t have to wait long time between transactions. As simultaneous transactions are possible without the need for any cool-off time.
- Fast Liquidity – Liquidity for the NFT gaming assets would not be a hassle as a blockchain gaming launchpad works with reputed and popular platforms to host the in-game NFT items.
- Multi-chain Functionality – An IGO launchpad can work as a multi-chain platform. So that users can bought gaming assets across the blockchain community and resulting in making the game popular.
buy silvitra online pridedentaloffice.com/wp-content/themes/Divi/includes/new/silvitra.html no prescription - Cross-chain Functionality – A launchpad for gaming token offerings can also work across blockchain networks. Anyone can even trades the gaming assets across blockchains once the staking period is over, increasing the gamer base for the game.
- KYC Protocols – Although blockchains promise privacy to their users, an IGO launchpad would certainly have a know your customer (KYC) protocol in place. So that there are no safety breaches or money laundering attempts through the platform.
- Transparent to Verify – A blockchain gaming launchpad is in the nature of decentralization, evident by the platform’s level of transparency. Anyone can easily view every transaction that has occurred on the platform.
Things to be Aware of While Investing Through an IGO Launchpads
- Check the holder benefits that the native tokens of the game have on offer. Look at the proportion of benefits and compare them with other IGOs. Too often, if something is too good to be true, it probably is.
- Carefully look at whether the blockchain gaming launchpad is providing guaranteed allocation. This may cost higher than IGO launchpads that use a lottery mechanism. Although distribution is not guaranteed in that case.
- Analyze the return on investments (ROIs) of the active IGOs offered on the platform. An NFT gaming launchpad with a portfolio of good projects. These projects are likely to provide huge returns on most of its upcoming projects.
- Check the holder value of the NFT gaming launchpad, which acts as an evaluation factor for any IGO launchpad. A higher value in the parameter amounts to a higher token valuation, which ensures that investing in that IGO could prove to be beneficial.
- Have a look at how many token generation events have occurred in the IGO launchpad. If the number of events is higher, it can be understood that the platform works hard to host quality gaming project ideas to drive up its valuation in the crypto sphere.
A Wrapping Note
At this stage, if you have planned to become an IGO investor, that is good for you! Or, if the prospect of owning an IGO launchpad amuses you, then this is the right time to start working on the idea and prosper. A company working on various facets of IGO launchpads. It can assist you with developing an efficient IGO launchpad and offering useful investment advice should you require it.
