Imagine a new artist wants to raise money and spread the word about their work. An INO, or Initial NFT Offering, is like a special art sale in the world of cryptocurrency. Instead of selling paintings, the artist creates unique digital artworks called NFTs (Non-Fungible Tokens). These NFTs can be anything from digital paintings to music or even video game items. The artist sells these NFTs through a launchpad, which is like a platform specifically designed for launching new NFT projects. This can be a great way for new creators to find fans and funding, and for collectors to get their hands on exclusive digital art.
Here's the difference between an ICO and an INO:
