BitSport’s NFT-IGO Steers in the Next Wave of Blue-Chip NFTs

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Dubai, United Arab Emirate, 19th April, 2022, Chainwire

Today, Web3 innovator BitSport has announced its latest project, NFT-IGO, a new way for gamers and streamers to monetize their gameplay and interact with their fanbase. Similar to an initial public offering (IPO) in the stock market or an initial coin offering (ICO) in the crypto space, initial gamers offering (IGO) allows content creators, gamers, and streamers to create non-fungible token (NFT) card avatars that when minted will pay dividends to the owners. 

This ground-breaking profit-sharing system, built on the Ethereum network, allows fans to mint an NFT of their favorite gamer and acquire a stake in their performance. As the gamers make a profit on BitSport's existing DApp, NFT-holders are paid a percentage, depending on the tier of their stake. This first-of-its-kind utility-backed method draws from all the best parts of sponsorship, merchandise, and memberships, without the drawbacks. 

“There are so many pumps and dump NFT hype schemes out there, so many NFTs that have no real utility. Utility must be tied to an NFT. That’s how NFT-IGO succeeds where so many others have failed,” says Charles Adenuoye

BitSport, a Blockchain driven, competitive gaming ecosystem, rolled out in 2018. Since then, they have focused on reinventing the Gamefi, eSports, and NFT space by creating mass-market adoption via incentivization, and welcoming traditional gamers as well as their favorite games to the Metaverse. 

What will the future hold for BitSport, NFT-IGO, and DApps? BitSport envisions an ecosystem where gamers are more than just consumers. They foresee a strong community of incentivized