Cipholio Ventures Partners With IQ Protocol, Unlocking Billions in NFT Markets
We are pleased to announce, Cipholio Ventures, a global leading investment firm in cryptocurrencies and blockchain, has entered a strategic partnership with IQ Protocol, the industry’s first cross-chain decentralized money market for digital asset renting.
Together with Cipholio Ventures, many other industry-leading investors like Kronos Research, NGC and MEXC Ventures have also participated in the fundraising of the IQ Protocol.
IQ Protocol aims to be the next money lego that allows users to rent wrapped expirable versions of digital assets without collateral for their utility, while allowing holders to earn by providing liquidity without risk.
IQ Protocol currently has over $45M in TVL, and over 6000 users have interacted with the Protocol. Meanwhile, more than 30 projects are planning to deploy IQ Protocol for their own tokens. GameFi and NFT projects are also integrating the Protocol for NFT Utility Renting. What’s more, multiple traditional companies including SaaS and a Fitness App have also expressed their strong willingness to issue tokens utilizing the Protocol mode.
IQ’s launch comes after a successful start to the year for the PARSIQ team. PARSIQ has continued a rapid expansion of integrations to build a powerful multichain DeFi Software-as-a-Service (SaaS) platform.
Cipholio Ventures distinguishes and values the vital potential of innovations in the DeFi market. Empowering the project team with protocol resources, Cipholio Ventures will cooperate with IQ Protocol to build a risk-free, collateral-less DeFi protocol to tokenize SaaS subscriptions in the DeFi space with a circular economy.
Cipholio is a team of professional investors and analysts focusing on blockchain and crypto projects. Cipholio will serve as a bridge to connect people, technology, and capital in the decentralized world. We aim to seek opportunities in Web 3.0, DeFi, GameFi, Metaverse, and Layer 2 based on deep understandings of the industry and data-driven decisions.
About IQ Protocol
IQ Protocol is the industry’s first cross-chain decentralized money market for digital asset renting. Users can rent wrapped expirable versions of digital assets (fungible tokens and NFTs) without risk or collateral to use them for their utility (access to products, services, content, subscriptions, discounts, membership, for use in-game and many other use cases).