Over the past 10 years, the use of cryptocurrencies and virtual currencies has significantly expanded. Crowdfunding using any of the various initial offerings is a neat way to move past the bootstrap phase onto the next. Such crowdfunding methods continue to evolve over a course of the past decade and are very important in addressing the shortcomings of traditional fundraising platforms. One of the most popular ways for new web3 enterprises competing for the interest of foreign investors to raise money is through an Initial Offering (IO). This page clarifies how IO development works.