Michael Susin
Shares of AIQ Ltd. rose on Tuesday after the company announced that its IT consulting business in Hong Kong had won a supply contract with the non-fungible token (NFT) market.
The stock price at 0842 GMT rose 1.5p (20%) at 9.0p.
London-listed e-commerce business acquirers and developers are seeing the marketplace, a platform for buying and selling digital assets, to help students publish their NFTs at art schools and education centers in Hong Kong. Said to be used in.
NFTs are digital tokens that rely on blockchain technology and are often associated with digital art, collectibles, songs, videos, and designs.
This project will be developed by the IT business Alcodes International in collaboration with Accubits Technologies Inc. and digiXnode Technology Ltd.
AIQ did not disclose the financial details of the contract.
“The first contract in this area for the supply of decentralized financial exchanges is well underway and this new project is the first step into the NFT market,” said Edwin Li, Managing Director.
Write to Michael Susin at michael.susin@wsj.com
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