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.