What Is Initial NFT Offering (INO)?
Initial NFT Offering (INO) is a new type of fundraising event that allows companies to raise capital by selling digital assets in the form of non-fungible tokens (NFTs). This innovative approach to raising funds has been gaining traction among startups and established businesses alike. Unlike traditional Initial Coin Offerings (ICOs), INO does not involve issuing any cryptocurrency or utility token, but instead focuses on creating unique digital collectibles with real value. The proceeds from these sales are then used to fund projects or operations within the company.
The main benefit of an INO is that it provides investors with access to exclusive digital assets which can be bought and sold on secondary markets such as OpenSea, Rarible, and SuperRare. These platforms allow users to buy and sell their NFTs for profit while also providing liquidity options for those who wish to exit their investments early. Additionally, since there is no need for regulatory compliance when launching an INO, this method of fundraising can be completed quickly without having to wait months or years for approval from government agencies like the SEC.