AIQ Limited New contract and partnerships for NFT marketplace

TIDMAIQ

AIQ Limited

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 
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 VSA Capital Limited (Financial 
  Adviser & Broker)                        +44 (0)20 3005 5000 
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 Andrew Raca (Corporate Finance) 
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 Luther Pendragon (Media Relations)        +44 (0)20 7618 9100 
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 Claire Norbury 
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