Binance NFT Seeks More Gamification by Launching IGO Abilities

The leading crypto exchange is looking to offer new avenues for users to get the most from their GameFi experience.

By
Dardania Havolli
on
November 19, 2021
Category:
BSC News

GameFi Enthusiasts set for Marketplace IGOs

Gamification will see users given the chance to utilize Binance NFT Marketplace for their favorite gaming characters or items through NFTs. 

Initial Game Offerings, or IGO collections, will now be launched on the Binance NFT Marketplace on a weekly basis, an announcement on Binance’s official blog confirmed on November 12th. In-game NFT collections, varying from early access passes to in-game assets like weapons or other valuable paraphernalia, will be made available.

“Seasoned gamers looking to trade their in-game NFTs can easily do so on the Binance NFT Marketplace. In fact, it has one of the lowest trading fees out there at only 1%. To learn how to deposit your NFTs, refer to our step-by-step guide. After, you can also choose to list and sell your NFTs in an auction or fixed-price format. Refer to the quick guide here for more information,” the crypto giant confirmed via their blog. 
Source

What is Gamification?

NFT Gamification refers to utilizing usual gaming facets like competition, rewards, and rules of play and applying them within the frame of blockchain technology. This intriguing combination has given birth to GameFi, an industry that has allowed players to earn a serious living through trading and swapping game assets. 

We are all used to understanding assets within traditional gaming models, whether that is a character, a car, or a weapon. The additional factor of understanding those assets and programming them as NFTs offer players the chance to collect and sell these aforementioned assets. Players even can improve their assets and earn crypto rewards in the process.

The GameFi sector in crypto is currently enjoying a period of huge interest and innovation, as we see countless projects come together and earn plaudits.

Binance’s latest initiative could prove to be an important way for players to get the most out of their gaming experience. 

Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto! Be sure to join the DeFi Direct Discord to participate in all the community discussions and events!

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Dardania Havolli

Dardania is an experienced researcher, editor and writer who is currently completing his PhD in Creative Writing. He is passionate about blockchain technology and the impact it will go on to have on our lives. He holds bags mostly in BNB, SOL and IOTX.

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