RCS - AIQ Limited - New contract and partnerships for NFT marketplace

AiqAnnouncement

22/03/2022 07:16

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RNS Number : 5221F  AIQ Limited  22 March 2022

22 March 2022

 

AIQ Limited

("AIQ" or the "Company" or, together with Alchemist Codes, the "Group")

 

New contract and partnerships to supply NFT marketplace

 

AIQ Limited (LSE: AIQ) is pleased to announce that Alcodes International, the
Group's IT consultancy business headquartered in Hong Kong, has been awarded a
contract to supply a non-fungible token ("NFT") marketplace and that it has
established partnerships with two suppliers to deliver the project.

 

The Group has been appointed to deliver an NFT marketplace designed to enable
art schools and education centres in Hong Kong to assist their students in
publishing NFTs. Alcodes International will oversee and manage the project,
with the development of the marketplace being provided by Accubits
Technologies Inc. ("Accubits"), a full-service software provider, and
digiXnode Technology Ltd. ("digiXnode"), which specialises in blockchain
development.

 

An NFT marketplace is a digital marketplace to sell or buy any digital assets,
crypto tokens or NFTs. The market may also be used to store, display, create
or trade NFT tokens or other digital assets that can be purchased directly
from artists or other holders.

 

In addition, the NFT marketplace being delivered by the Group will be able to
extend its reach into China in a fully compliant manner thanks to the
partnership with digiXnode. digiXnode is the only Blockchain-based Service
Network (BSN) portal operator for Hong Kong and Macau, with the BSN being a
global public infrastructure network used to deploy and operate all types of
blockchain distributed applications and which provides access to blockchains
in mainland China and the rest of the world.

 

Edwin Li, Executive Director, said: "We are delighted to have been awarded
this contract and to have established partnerships with Accubits and digiXnode
for its delivery. As we have previously stated, our strategic focus is on
leveraging the demand for IT services for blockchain technology and digital
assets. We're making good progress with our initial contract in this space,
which is for the supply of a decentralised finance exchange, and this new
project is a first step into the NFT market. We are particularly excited to be
working with our new partners, and we hope to establish a long-term
relationship with them."

 

 

Enquiries

 

 AIQ Limited                                           c/o +44 (0)20 7618 9100
 Graham Duncan, Chairman

 VSA Capital Limited (Financial Adviser & Broker)      +44 (0)20 3005 5000
 Andrew Raca (Corporate Finance)

 Luther Pendragon (Media Relations)                    +44 (0)20 7618 9100
 Claire Norbury

 

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