GameFi, which has become one of the most popular areas in the cryptocurrency ecosystem, brings together the video game and finance industries. With the increase in the number of players, especially during the Covid-19 pandemic, the video game industry has gained a new ecosystem by leveraging the distributed ledger system, transparency, and the security of Blockchain Technology.
The video game industry is one of the industries affected by Blockchain Technology. Today, video game companies are developing games that run on the blockchain and aim to sell in-game items as NFTs or tokens.
ICOs, IEOs, STOs and IDOs are the methods by which initial offerings are made and projects raise funds. If you would like to know more about these methods, you can read “What Do ICO, IEO, STO and IDO Mean?”
Initial Game Offering, or IGO for short, is a method, which allows investing in blockchain games in development. In IGOs, projects collect funds that are then used for game development. Since investment is made at an early stage, it can be more cost-effective and more profitable depending on the potential of the project.
