Binance is taking blockchain gaming to the next level. The world’s first Initial Game Offering (IGO) will be offered on Binance Launchpad, which allows developers and gamers to create a fun game that uses cryptocurrency in real-world scenarios.
Sophia, an AI robot, will be tokenized and auctioned as part of the “Noah’s Ark” Metaverse project. This campaign is being launched as an Initial Game Offering (IGO) by Binance (IGO).
It will be billed as “The Transmedia Universe of Sophia beingAI” and will contain 100 “intelligent NFTs” available for sale on December 16.
“A hundred limited-edition Intelligent NFTs with Sophia beingAI will be on display at the IGO.” “The Transmedia Universe of Sophia beingAI” will be the title of the compilation.
IGOs offer a new level of innovation in crypto financing as the world’s first. But what are they, exactly?
What is Binance’s IGO (Initial Game Offering)?
Initial Coin Offerings (ICOs) were the industry standard for raising funds for crypto ventures until 2017. Many big-hitting projects, including as Ethereum and NEO, were born from the ICO environment.
However, ICOs have run into difficulties as a result of a succession of high-profile exit scams, such as OneCoin, which is led by self-proclaimed “Cryptoqueen” Ruja Ignatova.
Before she vanished with the assets in 2017, Ignatova’s “world tour” persuaded investors to part up $4.9 billion.
As feared, these and other occurrences tainted the term ICO, resulting in its death. Since then, new fundraising ideas such as Security Token Offerings (STOs) and Initial Exchange Offerings (IEOs) have emerged (IEOs).
Binance is releasing the IGO idea in a world-first, using Sophia and the Noah’s Ark project. IGOs work in much the same manner as any other fundraising idea, however they are only for gaming-related initiatives. As a result, early-access passes, weaponry, characters, and unique skins for early funders may be included.
“Auctions, flat rate sales, and mystery boxes are all options for launching the collections. IGOs may be performed in many rounds, with each round giving a different quantity of assets and a tiered pricing structure.”
What is Noah’s Ark, exactly?
Noah’s Ark is described as a “intelligent metaverse” with the goal of preserving and advancing humanity’s culture and collective intellect.
Sophia will appear in this metaverse as a virtual animation version known as “Sophia beingAI” — an intelligent NFT (iNFT).
While most NFTs are inanimate, Sophia beingAI, as an iNFT, is said to be able to interact with humans within Noah’s Ark autonomously, just as Sophia does in real life.
Sophia beingAI, according to Jeanne Lim, co-founder of beingAI, will establish a connection between people and technology to assist us achieve states such as unconditional love.
“We think Sophia beingAI, as one of our AI beings, will bring humanity and technology together to help humans realize our true nature of unconditional love and limitless potential.”
Posted by GameFi in Binance, Binance, Binance, Binance, Binance, Binance, Bin
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