Market cap weighted exposure to the two largest digital assets, bitcoin and ether.

Seeks to Provide

Direct ownership of bitcoin, the largest digital asset.

Convenient means of exposure to an alternative asset class with the ability to be held in Canadian registered accounts.

Moyen pratique d'exposition à une catégorie d'actifs alternatifs avec la possibilité d'être détenu dans des comptes enregistrés au Canada.

Direct ownership of bitcoin, the largest digital asset.

Benefit from the experience of a world-class investment management team.

Bénéficiez de l'expérience d'une équipe de gestion de placements de classe mondiale.

3iQ Global Cryptoasset Fund has low correlation to some traditional asset classes, offering valuable portfolio diversification & risk reduction.

Le fonds Global d'actifs numériques 3iQ a une faible corrélation avec certaines classes d'actifs traditionnelles, offrant une précieuse diversification du portefeuille et une réduction des risques.

Market cap weighted basket of the largest and most liquid digital assets

Seeks to Provide

Direct ownership of ether, the second largest digital asset.

3iQ was the first investment manager approved by the Ontario Securities Commission (OSC) to act as an IFM/PM of multiple cryptoassets in Canada.

3iQ a été le premier gestionnaire de placements approuvé par la Commission des valeurs mobilières de l'Ontario (CVMO) à agir en tant que GFI/PM de plusieurs actifs numériques au Canada.

Direct ownership of ether, the second largest digital asset.

Lire la suite

Invest now

Net Asset Value per Unit (NAVPU) and Market Price

MarketVector™ Bitcoin Benchmark Rate Index

Units Outstanding

Check Our Other Fund Options

Consultez nos autres options de fonds

QBTC - Key Facts and Terms

Dubai Net Asset Value per Unit (NAVPU) and Market Price

With and without staking

ETHQ Staking Banner 

3iQ - Ether Staking ETF

Invest Now

Prêt à investir

Investment Objects Global Cryptoasset

Table - global_inves

Fund Performance (BTCQ)

Ready to Invest

Fund Historical Performance BTCQ

QBTC - Key Facts and Terms (Dubai)

Fund Performance

Fund Historical Performance

Investment Objectives Ether Staking

Bitcoin Quotes

QGCF Portfolio weights

ETHQ - Key Facts and Terms

Announcement - FTT Token 

Historical MarketVector™ Ethereum Benchmark Rate Index

Show More

QETH - Key Facts and Terms

Historical MarketVector™ Bitcoin Benchmark Rate Index

Historical MarketVector™ CryptoCompare Ethereum Benchmark Index

Voir Plus

Investment Objective

Table - ethq_invest

Table - btcq_inves

QETH Staking Banner 

QETH Staking Banner text

Investment Objectives The Ether Fund

The Ether Fund

Note

Forms and Applications

Individual 

Individus

Ready to invest? 

Entity

Entité

See More

Fund Performance (ETHQ) 

Fund Historical Performance ETHQ 

Bitcoin ETF Fund

Investment Objectives The Bitcoin Fund

The Bitcoin Fund (Dubai)

Fund Performance (QETHU) 

Fund Historical Performance QETHU

ETHQ Staking Banner text

Investment Objectives Ether

Investment Objectives

3iQ Bitcoin

Global Cryptoasset Fund

Table - qbtc_invest

Digital yield - Key Facts and Terms

Daily NAV BTCQ

Daily NAV

Daily NAVs

The Bitcoin Fund

Vior Plus

Montre plus

Fund Performance (QBTC)

Fund Historical Peformance QBTC

Table - qeth_invest

Table - qbtc_invest (AE)

Stay up-to-date on our latest fund performances and other fund updates.

Read about exciting updates, the latest market trends, and insights from industry experts.

Restez au courant des dernières performances de nos fonds et des autres mises à jour.

3iQ Research looks at the various dynamics that contribute to create an opportune time to invest in crypto now. Read the report to learn more.

Weekly Updates from 3iQ, digital asset markets, and beyond.

Mises à jour hebdomadaires des marchés d'actifs numériques de 3iQ et encore plus.

Get updates on 3iQ, cryptocurrencies, and other market trends.

Obtenez des mises à jour sur 3iQ, les crypto-monnaies et les autres tendances du marché.

3iQ Research reviews Bitcoin (BTC) and Ether (ETH) with supporting macro, protocol and statistical data.

Découvrez des mises à jour passionnantes, les dernières tendances du marché et les points de vue des experts du secteur.

3iQ Research reviews the 2022 digital asset space with supporting macro, protocol and statistical data, and offers their 2023 outlook on digital assets.

Historical PerformanceHistorical PerformanceHistorical PerformanceHistorical PerformanceHistorical Performance

Generally, a digital asset can be any information, number, code, or token which has been generated and protected through cryptographic means or otherwise. These digital assets can express elements of ownership finality, governance, self-sovereignty, scarcity, and immutable transference which are typically enabled by some kind of blockchain technology. Some refer to digital assets as bearer-instruments of the future, essentially bypassing the need for middlemen and centralized controlling authorities.

To learn more about blockchain technology, please view our primer 

Digital assets can be further categorized as coins, tokens, cryptos, cryptocurrencies, cryptoassets and more. All are fairly synonymous in the industry, but each could offer their own technologies and utility benefits. The one thing they have in common, though, is that these digital assets are commonly secured by various functions of cryptography.

As an investor, the first thing to consider when looking at any digital asset is whether it is backed by a centralized or decentralized blockchain network. Digital assets which are backed by decentralized blockchain networks typically cannot be modified, or have their source codes changed, by any one central authority. Transactions which are conducted over these networks cannot be reversed or changed once they have been confirmed through the blockchain; however, under centralized governance structures, these transactions could be reversed or changed in the future. A general feature of most digital assets is that they are permissionless, or “trustless”, meaning that the network is available for anybody to participate in this consensus process.

Decentralized governance structures mean that the economics and decision making surrounding the digital asset cannot be controlled by a centralized authority. A centralized authority could be seen as a company making decisions on behalf of its investors and customers, or it could represent a sovereign nation conducting government policy and other monetary decisions on behalf of its citizens. For example, digital assets underpinned by decentralized blockchains generally cannot have the total supply of that digital asset changed by participants without the consensus of the network first. Explicit rules behind the technology and economics of the digital asset are generally enforced by the participants of the entire network.

In decentralized governance structures, decision making is often distributed among token holders, who could each share an equal vote. Understanding the governance structure of any digital asset is important to verify which participants actually own the digital asset and who has the authority to make changes or protect the network.

A central aspect of blockchain technology is the distributed ledger, which contains a record of all previous transactions. It is called a distributed ledger because it is not stored in a central location, rather it is stored across a network of computers across the world. Key to the operation of a distributed ledger is ensuring the entire network collectively agrees with the contents of the ledger; this is the job of the consensus mechanism. Public, decentralized blockchains backing digital assets such as Bitcoin have their distributed ledgers accessible by any participant. Typically, they are accessed by either running node software or they are made accessible by blockchain explorers, which essentially run the same node software but host its contents online in familiar web-based formats, such as blockchain.com.

Behind most digital assets, there is some kind of consensus mechanism. The purpose of a consensus mechanism is to verify that information being added to the ledger is valid i.e. the network is in consensus. This ensures that the next block being added represents the most current transactions on the network, preventing double spending and other invalid data from being appended to the blockchain. In addition, the consensus mechanism keeps the network from being derailed through constant forking.

There have been a number of different consensus mechanisms devised, each with their own pros and cons. They all serve the same core purpose as described above, but differ in methodology. The primary difference between varying consensus mechanisms is the way in which they delegate and reward the verification of transactions.

To learn more about consensus mechanisms of digital assets, please view our primer 

As the digital assets industry is still relatively new and nascent, participants often must rely on unique methodologies and classifications as derived by other thought leaders and industry experts in the space.

These terms are generally used interchangeably, but can be narrowed and specified across a broad-range of investable assets on the internet. Below are some of the different categories which could make up the digital assets economy:

Technology is driving change at an unprecedented pace, towards a digital economy. With this brings disruption to various facets of the global economy. Significant changes are occurring in multiple sectors and impacting financial markets, monetary systems, global trade, and commerce.

The printing of money, combined with social, political, and technological factors has increased the interest from an investor, developer, and academic perspective for digital assets. Historically, when money has been printed, it has led to periods of rising prices resulting in inflation or hyperinflation. This means that goods become unaffordable as wages are worth less. Many believe that digital assets such as bitcoin are viewed as a potential hedge against the drop in value of fiat currencies. Unlike fiat currencies, many digital assets are verifiably scarce as a feature of their design.

Bitcoin and Ethereum are the most well-known names among all digital assets. However, other digital assets, referred to as “altcoins” have garnered more interest recently as their use cases develop and sectors of interest arise. In our view, Blockchain Operating System (OS), Decentralized Apps (Dapps), DeFi protocols, Token-to-Token Exchanges, Decentralized Content Delivery Network (CDN), Blockchain Bridges, and Stablecoins will form seven verticals of the Web 3.0 based digital assets economy. The traditional markets (Fiat Capital/Monetary System, which includes cash, stock markets, bond markets, property markets and art markets) will gradually evolve to converge with the digital assets economy.

Atzori, Marcella. “Blockchain Technology and Decentralized Governance: Is the State Still Necessary?” SSRN Electronic Journal, Dec. 2015, https://doi.org/10.2139/ssrn.2709713.

Loewen, C. (2022, February 28). Blockchain Basics: 3iQ Corp. 3iQ Digital Asset Management. Retrieved March 16, 2022, from https://3iq.io/blockchain-basics-2/

Loewen, C. (2022, February 28). Consensus mechanisms explained: 3iQ Corp. 3iQ Digital Asset Management. Retrieved March 16, 2022, from https://3iq.io/consensus-mechanisms/

The contents on this website are provided for informational and educational purposes and are not intended to provide specific individual advice including, without limitation, investment, financial, legal, accounting and tax. Please consult with your own professional advisor on your particular circumstances. 3iQ Corp. makes no representation or warranty to any investor regarding the legality of any investment, the income or tax consequences, or the suitability of an investment for such investor. All content is original and has been researched and produced by 3iQ unless otherwise sourced or stated therein.

References to specific securities are presented for illustrative purposes only and should not be considered as investment advice or recommendation. The specific securities identified and described herein should not be considered an indication of how the portfolio of any investment vehicle is or will be invested, and it should not be assumed that investments in the securities identified were or will be profitable.

Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these.

Interim Management Report of Fund Performance

The Bitcoin Fund does not hold securities of any company or other issuer. Therefore, The Bitcoin Fund did not vote any proxies during the regulatory reporting period.

Annual Independent Review Committee Report

Résumé du portefeuille d’investissement

Rapport intermédiaire de la direction sur le rendement du Fonds

Rapport annuel de la direction sur le rendement du Fonds

Modification de la déclaration de fiducie

Déclaration annuelle d'information sur les SPEP

Le Fond Bitcoin ne détient pas de titres d'une société ou d'un autre émetteur. Par conséquent, Le Fonds Bitcoin n'a voté sur aucune procuration au cours de la période de déclaration réglementaire.

Rapport annuel du comité d’examen indépendant

All views and opinions expressed herein constitute the author’s judgement as of the date of this article and are subject to change at any time. The views expressed are for informational and educational purposes only and do not guarantee future performance of the markets.

Statements made are not facts, including statements regarding trends, market conditions and the experience or expertise of author are based on current expectations, estimates, opinions and/or beliefs. Such statements are not facts and involve known and unknown risks, uncertainties, and other factors. Past events and trends do not predict or guarantee or indicate future events or results.

This document is for informational purposes only and is not an offer or solicitation to purchase or sell securities in the United States or any other jurisdiction. Investing involves risks, including the potential for principal loss. There is no guarantee that the strategies and services will be successful or outperform other strategies and services. Certain assumptions may have been made in connection with the analysis presented herein, and changes to the assumptions may have a material impact on the analysis or results.

Past performance is no guarantee of future results. The investments discussed herein may be unsuitable for investors depending on their specific investment objectives and financial position. Investors should independently evaluate each investment discussed in the context of their own objectives, risk profile and circumstances. You should not assume that any discussion or information provided here serves as the receipt of, or as a substitute for, personalized investment advice. Investing in the stock market involves gains and losses and may not be suitable for all investors.

Indices are unmanaged and not available for direct investment. Index comparisons have limitations as volatility and other characteristics may differ from a particular investment.

3iQ Corp. (“3iQ”) is Canadian investment fund manager focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. 3iQ was the first Canadian investment fund manager to agree to terms and conditions with the Canadian securities regulatory authorities to manage a public bitcoin investment fund and multi-cryptoasset fund for Canadian accredited investors.

Related NewsRelated NewsRelated NewsRelated NewsRelated News

Information trimestrielle sur le portefeuille 

Le fond Bitcoin ne détient pas de titres d'une société ou d'un autre émetteur. Par conséquent, le fond Bitcoin n'a voté sur aucune procuration au cours de la période de déclaration réglementaire.

Fund InformationFund InformationFund InformationFund InformationFund Information

Montre Plus

Interim Management Report of Fund Performance (FR)

Management Report of Fund Performance (FR)

The Ether Fund does not hold securities of any company or other issuer. Therefore, The Ether Fund did not vote any proxies during the regulatory reporting period.

Rapport intermédiaire de la direction sur le rendement du Fonds 

Le fond Ether ne détient pas de titres d'une société ou d'un autre émetteur. Par conséquent, le fond Ether n'a voté sur aucune procuration au cours de la période de déclaration réglementaire.

3iQ is a global, trusted leader in digital asset investing. As a reputable investment fiduciary, we prioritize our clients’ best interests through delivering a diversified suite of innovative investment solutions. With our proprietary research, expert fund management, and outsourced crypto investment office (OCIO™) services, we enable our clients to successfully navigate the emerging digital asset economy.

This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. This material does not constitute an offering memorandum or a prospectus. This material may contain estimates and forward-looking statements, which may include forecasts and do not represent a guarantee of future performance. This information is not intended to be complete or exhaustive and no representations or warranties, either express or implied, are made regarding the accuracy or completeness of the information contained herein. The opinions expressed are as of the date of original publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks.

Information within this material is not intended to be exhaustive or complete. The commentaries contained herein are provided as a general source of information based on information available as of the date of publication. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Readers and prospective investors must not rely on this material as part of any assessment of any potential investment and should not treat the information contained herein as advice relating to legal, taxation, financial or investment matters. Readers and prospective investors are strongly advised to make their own inquiries and consult their own professional advisers as to the legal, tax, accounting and related matters concerning the acquisition, holding or disposal of an investment.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. In the case of non-redeemable investment funds, you will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on an exchange or market. If the units are purchased or sold on that exchange or other market, investors may pay more than the current net asset value when buying units or shares of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Statements regarding tax are of a general nature and are provided for informational purposes only. Every person’s tax circumstances are different. 3iQ does not provide tax advice. Please consult with your own tax professional.

This material is not intended for public distribution in any jurisdiction where it would be deemed unlawful.

Management Report of Fund Performance Revised April 6, 2022

Rapport annuel de la direction revised 6 avril 2022

Visit 3iQ Metaverse HQ

The Metaverse could be described as an interoperable network of shared experiences and applications. This includes products, items, devices, tools, and other infrastructure provided by many unique decentralized and centralized counterparties at the same time.

Historically, online multiplayer video games filled much of this void. Early experiences or “instances” have origins dating back to the early 1990s, with massively multiplayer online roleplaying games or “MMORPGS”. Early MMORPGs, such as Everquest, Second Life, World-of-Warcraft, and more recently Roblox and Minecraft, all shared one thing in common: ownership of game assets was permissioned via a centralized publisher or developer software. Game assets could be certain items such as outfits, weapons, or skins which are obtained by either playing the game or by purchasing items through permissioned software provided by the publisher or developer. As a result of this, the game publisher essentially cornered both the primary and secondary markets for these game assets. Users would log in directly to this software, using account-based systems implemented by the publishers.

Users and market speculators have long looked for ways to bypass this permissioned software, usually by offering third-party software of their own which would misuse user-to-user trade systems (which do not incur fees), providing useful utility but very poor OpSec (operational security) of user game assets. Publishers have historically been strict on game assets being traded outside their scope of control. In their defense, not only could it be a motive for profit – but a motive to prevent the game world from being unfair. A good example of this is buying World of Warcraft Gold from a third-party vendor online to purchase better gear for your character. However, not all game assets offer competitive advantages and are purely cosmetic – so is this just a potential power overreach?

Use of the auction house is permitted, but people can't buy gold from third-party vendors as that violates the game’s Terms of Service. This is because everything needs to be earned by the user and not from any outside vendors.

Users can buy and sell cosmetic items through the Steam Community Market. These units are not intended to be redeemed for real dollar amounts. Money flows in, but not out easily. Third-party software can offer solutions for fiat off-ramps.

Source: Steam Community Market as of April 25, 2022.

The Modern-day Metaverse Takes Things Further

Instead of your game asset (or item) working in just one instance, what if that same asset could be transferred, or even used simultaneously in multiple Metaverse instances at the same time?
This is where modern digital assets underpinned by public blockchains could have an advantage over early technological iterations. By using permissionless public blockchains, such as Ethereum, users have full control of their Metaverse assets (Non-Fungible Tokens or NFTs). These digital assets follow similar technology standards, such as ERC-721 (Ethereum NFTs) in the backend, while art is rendered in familiar 3D file formats such as 3D (.vox) files or other equivalents hosted on InterPlanetary File System(IPFS). Today, many NFT developers embrace “interoperability”, which is the art of making NFT assets work in multiple Metaverse instances at the same time.

https://twitter.com/yugalabs/status/1505014986556551172

https://www.linkedin.com/pulse/my-journey-web3-nfts-metaverse-joel-ponce/

https://twitter.com/probcause/status/1389764754391064580

Beyond NFTs and game assets, an open Metaverse based on public blockchains could offer opportunities for both individuals and enterprises to market themselves. Historically, for a brand or product to be placed in a game instance, there would have needed to be some kind of license agreement between the enterprise and game producer. Today, modern Metaverse instances are being run on public blockchains, and individuals and enterprises can directly create and display media assets inside these instances, typically with little restriction from the developer. For example, instead of a specific product license agreement for use inside a game world, an enterprise could purchase a plot of land and market its products with no permission from the developer.

The technology behind the Metaverse is constantly changing and improving. This is largely due to the power of universal Web 3.0 based-logins, such as Metamask wallet signing, as well as the permissionless nature of transferring assets between one another on a public blockchain network. Everybody is free to access the cryptographic security offered by public blockchain networks.

Some good, modern examples of Metaverse instances, in our view, are Voxels and Decentraland. Like the early MMORPGs which came before them, each offers different communities, looks, and experiences; however, their back-ends are similar in the fact that they settle assets on Ethereum or Ethereum layer-2 solutions.

These instances can be accessed publicly by anyone; however, ownership of game assets is private and secured by the blockchain. Land and parcel sales have primary and secondary markets where users are free to buy and sell game assets between one another or from the developer directly. At the same time, both instances support ERC-721 (Ethereum NFTs) assets. This means that an owner of an NFT could display their assets from an Ethereum Web 3.0 wallet such as Metamask, at the same time, in both instances. Perhaps the NFT developer provides 3D files for their NFT assets, and possibly the instance developer offers support for those 3D files. Most Ethereum-based instances support the native 2D rendering of any NFT asset, while 3D is marginally more difficult to implement due to the sheer number of NFT existing assets.

Ownership Finality and Verifiable Scarcity

An added benefit of a blockchain-based Metaverse instance is ownership finality and verifiable scarcity. Historically, video game worlds have been accessed by accounts provided by the game developer – meaning the game developer has your password saved on one or more centralized servers somewhere, while also maintaining the power to revoke that account access at any time. In addition, that game developer is in theory unrestricted from multiplying your game assets and increasing its supply, putting pressure on its rarity or secondary market price. With Ethereum, we can verify that certain digital assets cannot have their supplies changed, nor can you have your permissions revoked from accessing that digital asset. Most assets used in Metaverse instances are bought and sold using ETH and other ERC-20 (Fungible Token) assets such as USDC or DAI.

These combined factors have led to a recent boom in Metaverse land sales, advertising, events, and more. Both Decentraland and Voxels have announced hard-capped supplies for parcels, adding an element of scarcity. Basic laws of economics explain that when there is capped supply and increasing demand, prices increase. One thing is certain, though – while certain Metaverse land can be capped, there is no theoretical cap of Metaverse instances. Even more recently, there has been a push from Web 2.0 giants, such as Facebook (now Meta) to create their instances.

Enterprise hardware dominance is an issue that should be addressed. For example, Meta owns Oculus (VR headsets) while Apple and Samsung lead in mobile cameras (AR). Most Metaverse instances rely heavily on 3D graphics processing, so Nvidia and AMD come to mind as well. Some instances are already mobile-ready and work directly in internet browsers with no software installation. Some experiences can immediately be deployed to hundreds of millions of existing users, like Snap’s Snapchat and Meta’s Facebook/Instagram products.

While it’s a shot in the dark, we place a low probability that these enterprises pursue public blockchain technology stacks for their Metaverse instances; although we could see them support certain digital assets and technologies (such as ERC-721) with limited functionalities in the future. It’s more likely, in our view, that these enterprises pursue their federated blockchains or sidechains for their Metaverse instances. Fiduciary duty entails supporting shareholders first, not community first – a staunch difference between the current Metaverse instances we see today.

THESE MATERIALS AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

These materials do not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. Neither the 3iQ Corp.’s (the “Manager”) nor the Fund’s securities have been nor will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), nor under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise.

Commissions, trailing commissions, management fees and expenses may all be associated with investment funds. Please read the offering documents before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents.

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on a stock exchange or other alternative Canadian trading system (an “exchange”). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them.

The contents of the piece are for educational purposes only and should not be construed as investment advice. Market conditions may change investment decisions arising from the use or relevance of the information contained here. Investors are expected to obtain professional investment advice to determine the suitability of their investment
objectives and portfolio. 3iQ Corp. makes no representation or warranty to any investor regarding the legality of any investment, the income or tax consequences, or the suitability of an investment for such investor. All content is original and has been researched and produced by 3iQ unless otherwise sourced or stated therein. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites. By clicking on any of the links included in this newsletter, you acknowledge that you will be taken to a third-party site, which is not managed by 3iQ.

Certain statements in this document are forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “target”, “seek”, “will” and similar expressions to the extent they relate to the Fund and the Manager. Forward-looking statements are not historical facts but reflect the current expectations of the Fund and the Manager regarding future results or events. Such forward-looking statements reflect the Fund’s and the Manager’s current beliefs and are based on information currently available to them. Forward-looking statements are made with assumptions and involve significant risks and uncertainties. Although the forward-looking statements contained in this document are based upon assumptions that the Fund and the Manager believe to be reasonable, none of the Fund or the Manager can assure investors that actual results will be consistent with these forward-looking statements. As a result, readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results or events to differ materially from current expectation. Some of these risks, uncertainties and other factors are described in the offering documents for the relevant Funds under the heading “Risk Factors”. These factors – many of which are beyond the Manager’s control and the effects of which can be difficult to predict – include: no assurance in achieving investment objectives, loss of investment, volatility and fluctuation in value of cryptoassets, concentration risk, reliance on the Manager, no ownership interest in the cryptoasset portfolio, changes in legislation, conflicts of interest, valuation, significant redemptions, limited liquidity in the units, limited operating history, exchange rate risk, liquidity constraints on cryptoasset markets, tax risk, risks associated with blockchain networks and forks, risks associated with digital asset platforms and cybersecurity. The forward-looking statements contained herein were prepared for the purpose of providing prospective investors with general educational background information about cryptoassets and the Funds and may not be appropriate for other purposes. None of the Fund or the Manager assumes any obligation to update or revise them to reflect new events or circumstances, except as required by law.

3iQ Corp. (“3iQ”) is a Canadian investment fund manager focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. Units of certain 3iQ Funds are offered through prospectus and through prospectus exemptions. Please read the offering documents carefully before investing.

This document is for informational purposes only and is not an offer or solicitation to purchase or sell securities. Investing involves risks, including the potential for principal loss. There is no guarantee that the strategies and services will be successful or outperform other strategies and services. Certain assumptions may have been made in connection with the analysis presented herein, and changes to the assumptions may have a material impact on the analysis or results.

3iQ Digital Assets (US) is the US subsidiary of 3iQ Corp. (“3iQ”), a Canadian investment fund manager focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. 3iQ was the first Canadian investment fund manager to agree to terms and conditions with the Canadian securities regulatory authorities to manage a public bitcoin investment fund and multi-cryptoasset fund for Canadian accredited investors.

Teste

To learn more about blockchain technology, please view our primer here: 

To learn more about consensus mechanisms of digital assets, please view our primer here: 

3iQ Corp. Relationship Disclosure – EMD

3iQ Corp. Relationship Disclosure – PM

Introduction

Généralement, un actif numérique peut être n'importe quelle information, numéro, code ou jeton qui a été généré et protégé par des moyens cryptographiques ou autrement. Ces actifs numériques peuvent exprimer des éléments de finalité de propriété, de gouvernance, d'auto-souveraineté, de rareté et de transfert immuable qui sont généralement activés par une sorte de technologie de blockchain. Certains considèrent les actifs numériques comme des instruments porteurs du futur, contournant essentiellement le besoin d'intermédiaires et d'autorités de contrôle centralisées.

Pour en savoir plus sur la technologie blockchain, veuillez consulter notre introduction ici : https://3iq.io/blockchain-basics-2/

Les actifs numériques peuvent être classés en pièces de monnaie, jetons, cryptos, crypto-monnaies, crypto-actifs et plus encore. Tous sont assez synonymes dans l'industrie, mais chacun pourrait offrir ses propres technologies et avantages utilitaires. La seule chose qu'ils ont en commun, cependant, est que ces actifs numériques sont généralement sécurisés par diverses fonctions de cryptographie.

Gouvernance

En tant qu'investisseur, la première chose à considérer lors de l'examen d'un actif numérique est de savoir s'il est soutenu par un réseau de blockchain centralisé ou décentralisé. Les actifs numériques qui sont soutenus par des réseaux de blockchain décentralisés ne peuvent généralement pas être modifiés, ou voir leurs codes sources modifiés, par une autorité centrale. Les transactions qui sont effectuées sur ces réseaux ne peuvent pas être annulées ou modifiées une fois qu'elles ont été confirmées via la blockchain ; toutefois, dans le cadre de structures de gouvernance centralisées, ces transactions pourraient être annulées ou modifiées à l'avenir. Une caractéristique générale de la plupart des actifs numériques est qu'ils sont sans autorisation, ou "sans confiance", ce qui signifie que le réseau est disponible pour quiconque peut participer à ce processus de consensus.

The Metaverse could be described as an interoperable digital network of shared experiences and applications. It could include products, items, devices, tools, and other infrastructure provided by many unique decentralized and centralized counterparties at the same time.

Early experiences or “instances” have origins dating back to the early 1990s, with massively multiplayer online roleplaying games or “MMORPGS”. Early MMORPGs, such as Everquest, Second Life, World-of-Warcraft, and more recently Roblox and Minecraft, all shared one thing in common: ownership of game assets was permissioned via. a centralized publisher and developer. Game assets could be certain items such as outfits or skins which are obtained by either playing the game or by purchasing items through permissioned software provided by the publisher or developer. As a result of this, the game publisher controls both the primary and secondary markets for these game assets. Users would log in directly to this software, using account-based systems implemented by the publishers.

Users have long looked for ways to bypass this permissioned software, usually by using third-party software which would misuse user-to-user trade systems, providing useful utility but poor security of user game assets. Publishers have historically been strict on game assets being traded outside their scope of control. In their defense, it could not only be a motive for profit, but a motive to prevent the game world from being unfair. A good example of this is buying World of Warcraft Gold from a third-party vendor online to purchase better gear for your character. However, not all game assets offer competitive advantages and are purely cosmetic – so is this just a potential power overreach?

Instead of your game asset (or item) working in just one instance, what if that same asset could be transferred, or even used simultaneously in multiple Metaverse instances at the same time?


This is where digital assets underpinned by public blockchains could have an advantage over other technological iterations. By using permissionless public blockchains, such as Ethereum, users have full control of their Metaverse assets (NFTs). These digital assets follow similar technology standards, such as ERC-721 (Ethereum NFTs) in the backend, while art is rendered in familiar 3D file formats such as 3D (.vox) files or other equivalents hosted on InterPlanetary File System (IPFS). Today, many NFT developers embrace “interoperability”, which is the art of making NFT assets work in multiple Metaverse instances at the same time.

Historically, for a brand or product to be placed in a game instance, there would have needed to be some kind of license agreement between the enterprise and game publisher. Today, modern Metaverse instances are being built on public blockchains, and individuals and enterprises can directly create and display media assets inside these instances, typically with little restriction from the developer. For example, instead of a specific product license agreement for use inside a game world, an enterprise could purchase a plot of land and market its products with no permission from the developer.

The technology behind the Metaverse is constantly changing and improving. This is largely due to the distribution of web3 tooling such as Metamask as well as the permissionless nature of transferring assets between one another on a public blockchain network. Everybody is free to access the cryptographic security offered by public blockchain networks.

An added benefit of a public blockchain Metaverse instance is ownership finality and verifiable scarcity. Historically, video game worlds have been accessed by accounts provided by the game developer, meaning the game developer has control of your account's access while also maintaining the power to revoke that account access at any time. In addition, that game developer is in theory unrestricted from multiplying your game assets and increasing its supply, impacting its rarity or exclusivity. With public blockchains like Ethereum, we can verify that certain digital assets cannot have their supplies changed, nor can you have your permissions revoked from accessing that digital asset. Most assets used in Metaverse instances are bought and sold using ETH and other ERC-20 (Fungible Token) assets such as USDC or DAI.