An initial game offering, or IGO, is a fundraising event exclusively for blockchain gaming projects. Like IPOs in the mainstream financial sector or ICOs in the crypto market, IGOs allow crypto games to raise capital and aid development.
Investors get to buy IGOs and get in early on a promising investment opportunity within the blockchain gaming space, one of the most lucrative areas in the blockchain and crypto industry. Like an ICO, an IGO involves a project launching its token and having investors buy the token to access funds for the growth and development of its idea.
Initial game offerings offer an exciting crowdfunding method for crypto projects to access liquidity quickly. In addition, they allow small retail investors to grow their crypto wealth by backing promising gaming projects in the blockchain sector.
IGOs have shot into the limelight following the stellar success of blockchain-based games such as Axie Infinity. With the advent of Web3 and decentralization, the IGO space could see more activity, competition, and innovation as more gaming projects opt for this route to raise funds quickly.