IQ Protocol’s Accomplishments in 2023
IQ Protocol had a monumental year in 2023, despite the bear market for altcoins. They launched their NFT marketplace, called IQ Market, and made significant progress throughout the year.
IQ Protocol Launched their NFT Marketplace
IQ Protocol is not your average NFT marketplace. They offer a unique twist by allowing users to rent NFTs. These rental NFTs are wrapped versions of the original NFTs, allowing users to earn rewards while keeping the original safely in their wallet.
Users can rent out their wrapped NFTs and generate a passive income stream. They can also rent out their NFTs for special events or use them in the metaverse, increasing the value of their NFTs. The IQ market provides opportunities for both renters and owners to benefit.
Game Integrations
IQ Protocol also partnered with several games, providing game integrations for their platform.
The first game integration was with Red Village, backed by Animoca. Participants had the chance to win up to $35,000 without needing collateral or paying gas fees.
Universus was another game integrated with IQ Protocol. Users could rent Universus NFTs on the IQ market and participate in games on the Universus platform.
Crypto Guilds and TitanBorn were also integrated into IQ Protocol, offering users the opportunity to rent free NFTs and engage in exciting gameplay experiences.
Citizen Conflict, an MMO shooter game, was another successful integration that provided users with free NFTs worth $1,000.
The IQT Token and Unfold Partnership
The IQT token powers the IQ ecosystem and was launched on Uniswap in late November. It is currently listed on Gate.io, with more listings on other exchanges planned.
IQ Protocol also secured a partnership with UNFOLD, the largest creative agency in the US. This partnership opens doors to the traditional gaming industry and introduces IQ’s rental technology to major players like SEGA and Ubisoft.
Conclusion
Despite the challenges of a bear market, IQ Protocol achieved significant milestones in 2023. They successfully launched their NFT marketplace and token, partnered with major games, and expanded their reach in the industry.
In 2024, IQ Protocol aims to integrate more games, add more utility to their marketplace and token, and expand to other blockchain networks.
Hot Take: IQ Protocol Thrives in 2023 Despite Market Challenges
IQ Protocol had an impressive year in 2023, overcoming the bear market to achieve remarkable success. Their innovative NFT rental marketplace and partnerships with major games set them apart in the crypto industry. With plans for further expansion and integration in 2024, IQ Protocol continues to demonstrate its commitment to growth and innovation in the NFT space.
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