Binance NFT launches initial game offerings

Binance NFT, the non-fungible token (NFT) marketplace of Binance, has launched Initial Game Offerings (IGOs) for customers to invest in gaming NFTs projects at an early stage, according to a Binance blog post.

Fast facts

• The IGOs will feature NFT collections from top-tier gaming projects that are available exclusively on the Binance NFT marketplace, Binance said. NFTs include in-game assets such as early-access passes, weapons and skins. The NFT collections will be launched via auction, fixed price or mystery boxes, and the IGOs can be conducted over several rounds, with different assets available each time.

• “Through the IGO drops, Binance NFT connects the global crypto community to high-quality blockchain games and high-quality in-game NFT assets,” said Helen Hai, the head of Binance NFT. “Binance NFT is a dedicated hub where promising gaming projects can develop their games and build communities. Our goal is to help bolster the gaming industry and develop this sector to become more mainstream.”

• Binance NFT marketplace’s first IGO — DeRace — launches on Oct. 26. DeRace is a NFT horse racing ecosystem that allows users to breed NFT horses and participate in horse races.