The metaverse is growing rapidly now. Likewise, the gaming industry is also adopting the phenomenon of crypto collectibles. Importantly, there is one concept that is gaining a lot of buzz. It is none other than Initial Game Offerings (IGOs). Users can buy collections of top-tier projects, purchase assets and also take part in challenging tournaments. Are you an entrepreneur engrossed by the phenomenon of Web 3.0? Start an IGO launchpad now.
What is the meaning of an IGO Launchpad?
An NFT marketplace will act as the launchpad for different gaming projects. Different in-game assets like weapons, skins, tickets, VIP passes, and exclusive characters are available for sale. Generally, there are 3 options to purchase the collectibles. Moreover, project creators can select auctions, fixed price sales, and mystery boxes for selling rare assets to investors.
How does an Initial Game Offering (IGO) launchpad function?
- Generally, individuals who wish to start a gaming project have to fill out a form.
- They have to enter details like an email address, name of the incorporated company, website link, social media profiles of the team members, roadmap for 3-6 months, name of the game, and pitch deck.
- Consequently, project creators have to enter information like plans to issue a token, the vesting schedule, a video demo of the NFT, and the historical sales record.
- Later, individuals have to reveal the marketing campaign plan. It includes sharing details like guilds, Ask Me Anything (AMA) sessions, Key Opinion Leaders (KOL), the social media engagement rate, and the number of followers on platforms like Instagram, Telegram, Twitter, and Discord.
- A team will review the submission and accept the application. Subsequently, all the NFT collections listed in the Initial Game Offering (IGO) will have a landing page.
- Moreover, users will receive real-time updates about drops and upcoming games. They need to link their digital wallets like Binance Chain Wallet, Coinbase Wallet, MetaMask Wallet, and MyEtherWallet (MEW).
- Project creators can also attract gamers with discounts, drops, access to VIP tickets, sneak peeks at the preview before the official launch.
- Further, features can access features like depositing and withdrawal of NFTs, conversion (crypto-to-crypto, crypto-to-fiat, fiat-to-crypto), a filter and search mechanism, linking of credi,t and debit cards, cash deposits, and wire transfers, and 24×7 technical assistance.
- Eventually, they can pay for the Non-Fungible Tokens by using their balance of Binance Coins (BNB), Binance USD (BUSD), and Ethereum (ETH).
- How can investors distinguish the different crypto collectibles offered for sale? Based on the level of rarity. Each NFT minted and listed by an artist is classified based on 3 criteria (reputation, scarcity, and provenance).
- Generally, NFTs of popular creators get more value than collectibles listed by ordinary artists. Eventually, gaming project creators can capture their target audience.
- They can filter their collectibles based on price floors. Hence, investors can place bids after seeing the minimum and maximum pricing limits. Moreover, project creators can get more profits. This is because there will be a huge rise in trading volume and the number of peer-to-peer (P2P) transactions. Eventually, this boosts the primary and secondary sales of investors to a great extent.
What are the key factors to consider before launching an IGO Launchpad?
Regulations:
Laws vary from one country to another. Thus, you must comply with guidelines issued by government authorities and investigative agencies prior to participating in an IGO launchpad. Thus, gamers and investors must comply with KYC (Know Your Customer), Counter-Terrorism Financing (CTF), and Anti-Money Laundering (AML) rules and regulations.
Consequently, users must fill out details like their date of birth (DOB), name, location, local ID proof, and also undergo facial recognition. The admin of the NFT marketplace will verify the credentials and approve their profiles.
Interests of the target audience:
Currently, NFT gaming projects are of 2 types, Player vs Player (PVP) and Player vs Environment (PVE). Importantly, tournaments function on a Play-to-Earn (P2E) mechanism. Besides that, you can consider introducing trends like Virtual Reality (VR) based on characters, genre-wise classification of games (action, adventure, fantasy, mystery, horror etc).
Importantly, cryptopreneurs like you can entice project creators with choices like real-time strategy (RTS), multiplayer online battle arena (MOBA), Role Playing Games (RPG), sandbox, real-time tactics (RTT), turn-based strategy (TBS), turn-based tactics (TBT) and simulation (artillery, life, and vehicles), and puzzle (logic and trivia).
Features:
It is essential to offer a comfortable user experience for project creators, gamers, and investors on an NFT marketplace. Thus, you must include several functionalities like a search panel, drag and drop elements, filter-wise segregation of collectibles, instant notifications about new auctions and launches, and a 24×7 technical support centre.
For instance, NFTs can be classified based on collections, the status of the mystery box, and sales. Thus, users can sort out collectibles by clicking options like recently listed, ending soon, total price, and rank), collections (Mystery Box, 3D Avatars, Governance tokens, and Genesis Chest), Status (Unopened and Opened), and sale types (Auction and Fixed Price).
Accordingly, investors can click an attractive NFT, see its description and check out the name of the artist. Later, they can see details like the listing date, the number of editions issued, the probability percentage (%), the contract address, and the deadline left for the sale to end.
Importantly, buyers can purchase collectibles by clicking the buy now button. They have to enter information like their email address and phone number. Investors can process transactions in cryptocurrencies, stablecoins, and native tokens.
What are the numerous IGO Launchpad Development Services?
- Customized NFT marketplace development with a special focus on gaming projects. Trained developers will be adept with different blockchain networks and sidechains.
- NFT marketing services across numerous instant messaging apps and social media platforms. Usage of the right hashtags will lead to the success of promotional campaigns.
- Auction Portal Development for organizing sales of collectibles.
- Integration with different hardware and software wallets. This ensures that users can buy, deposit, withdraw and transfer collectibles easily.
- Custom token development based on the needs and requirements of projects.
- Offering round-the-clock technical support to solve issues faced by gamers, investors, and project creators.
Wrapping Up
Do you want to rule the metaverse? Collaborate with an IGO launchpad development services provider now and build your wealth soon.
