The startup offers a decentralized finance platform that facilitates the renting of digital assets through non-fungible and fungible tokens, as well as blockchain subscriptions. This technology enables users to efficiently access and utilize digital assets across various Web3 platforms, addressing the challenges of asset liquidity and accessibility in the digital ecosystem.
Funding
$12M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the Web3 space, NFTs are often underutilized, remaining static assets with limited functionality after the initial sale. Owners lack avenues to generate revenue from their NFTs without selling them, while potential users face high entry barriers due to the cost of purchasing NFTs for short-term use.
Solution
IQ Protocol provides a decentralized platform for renting and staking NFTs, enabling owners to generate yield and users to access digital assets without upfront purchase costs. The platform facilitates deposit-free NFT trials, allowing users to experience NFTs before committing to a rental. Through versatile REST API integration, IQ Protocol enables seamless Web3 functionality across various platforms. The platform also offers an analytics dashboard to track and analyze Web3 interactions and performance metrics.
Target Audience
The primary target audience includes businesses, GameFi projects, and NFT projects seeking to enhance NFT utility, increase user engagement, and unlock new revenue streams.
Features
- Deposit-free NFT rentals for hassle-free trials
- Versatile REST API for seamless integration with Web3 platforms
- Comprehensive analytics dashboard for tracking performance metrics
- Gasless transactions to eliminate transaction fees
- Rigorously audited protocol for security and reliability
- NFT staking program for earning rewards
- Support for multiple Layer-2 networks, including Mantle, LightLink, Arbitrum One, Linea, and Scroll