WISeKey’s Cybersecurity and Identity Management Technology to Secure NFTs
October 19 2021 - 12:00PM
WISeKey’s
Cybersecurity and Identity Management Technology to Secure
NFTs
WISeKey’s
cybersecurity technology
and NFTs
platform ensures that besides an authenticated and signed
version of the actual digital asset, it creates an irreversible
link to the physical object, provides proof of ownership,
provenance, and a set of smart contracts describing future use and
monetization streams
GENEVA / New York –
October 19,
2021: WISeKey International Holding Ltd. (“WISeKey”) (SIX:
WIHN, NASDAQ: WKEY), leading global cybersecurity, AI, Blockchain,
and IoT company, today announced that its cybersecurity technology
secures its fully-fledged marketplace with its own digital currency
that has the ability to include curators and multipliers,
white-labeling options, and special NFT designs. The NFT design of
the WISe.Art platform ensures that besides an authenticated and
signed version of the actual digital asset, it creates an
irreversible link to the physical object, provides proof of
ownership, provenance, and a set of contracts describing future use
and monetization streams. The NFT platform is secured by WISeKey’s
various security technologies enabling the authentication of
physical objects as well as digital assets, in a safe end-to-end
process. Other current models do not provide NFT buyers with
blockchain-based tokens that truly represent the asset they’re
buying on the platforms, as what they are getting is access to
links on other company websites to verify their tokens. If these
companies disappear or a hacker breaks into these websites, any NFT
value could suddenly disappear, and the collector will not be able
to get it back.
To provide options to these issues, last month
WISeKey joined forces with Polygon to offer Trusted NFTs solutions.
Polygon is a platform for Ethereum scaling and infrastructure
development, as well as for networking Ethereum-compatible
blockchains. The Ethereum ecosystem has been eagerly awaiting
the upcoming Ethereum 2.0 upgrade to potentially improve the
network’s scalability issues.
Polygon has become the blockchain of choice for
NFTs, NFT marketplaces, and blockchain games. Its ultra-low
transaction fees and sustainable Proof-of-Stake (PoS) consensus
mechanism makes Polygon a more practical option for activities such
as minting and trading NFTs. Polygon Studios, the Gaming and
NFT arm of Polygon already works with most today's top
blockchain-based Web 3.0 games and NFT projects, including
Decentraland, Opensea, Sandbox, Somnium Space, Decentral Games, and
has 6x more gaming and NFT Dapps than any other chains outside of
Ethereum main chain at around 300+ gaming and NFT Dapps. The
WISeKey high-value NFTs, designed to test the appetite of the art
and collectible community requires someone like Polygon, whose
ultra-low transaction fees and sustainable Proof-of-Stake (PoS)
consensus mechanism are essential in meeting the demands of
WISeKey's cybersecurity.
The WISe.Art platform allows trading of NFTs
while ensuring the necessary KYC processes to avoid unwanted
activity on the marketplace. WISeID is a trusted identity service
that enables access to the web and mobile applications with strong
authentication techniques. WISeID supports online KYC onboarding,
OTP and digital certificate login, and an innovative “hands-free”
secure login based on QR-Codes which users can read using the
WISeID suite of mobile applications without even having to type any
passwords.
Additional security services include digital
signature services for documents. WISeID implements standards such
as OpenID Connect and OAUTH2, that can be easily integrated by
customers to enhance the security of their cloud applications.
WISeID can also be combined with Microsoft Active Directory,
facilitating integration with corporate applications.
About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN)
is a leading global cybersecurity company currently deploying
large-scale digital identity ecosystems for people and objects
using Blockchain, AI, and IoT respecting the Human as the Fulcrum
of the Internet. WISeKey microprocessors secure the pervasive
computing shaping today’s Internet of Everything. WISeKey IoT has
an installed base of over 1.6 billion microchips in virtually all
IoT sectors (connected cars, smart cities, drones, agricultural
sensors, anti-counterfeiting, smart lighting, servers, computers,
mobile phones, crypto tokens, etc.). WISeKey is uniquely positioned
to be at the leading edge of IoT as our semiconductors produce a
huge amount of Big Data that, when analyzed with Artificial
Intelligence (AI), can help industrial applications predict the
failure of their equipment before it happens.Our technology is
Trusted by the OISTE/WISeKey’s Swiss-based cryptographic Root of
Trust (“RoT”) provides secure authentication and identification, in
both physical and virtual environments, for the Internet of Things,
Blockchain, and Artificial Intelligence. The WISeKey RoT serves as
a common trust anchor to ensure the integrity of online
transactions among objects and between objects and people. For more
information, visit www.wisekey.com.
Press and investor contacts:WISeKey
International Holding LtdCompany Contact: Carlos MoreiraChairman
& CEOTel: +41 22 594 3000info@wisekey.com
WISeKey Investor Relations (US)Contact: Lena CatiThe Equity
Group Inc.Tel: +1 212 836-9611lcati@equityny.com
Disclaimer:This communication
expressly or implicitly contains certain forward-looking statements
concerning WISeKey International Holding Ltd and its business. Such
statements involve certain known and unknown risks, uncertainties,
and other factors, which could cause the actual results, financial
condition, performance, or achievements of WISeKey International
Holding Ltd to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. WISeKey International Holding Ltd is
providing this communication as of this date and does not undertake
to update any forward-looking statements contained herein as a
result of new information, future events or otherwise.This press
release does not constitute an offer to sell, or a solicitation of
an offer to buy, any securities, and it does not constitute an
offering prospectus within the meaning of article 652a or article
1156 of the Swiss Code of Obligations or a listing prospectus
within the meaning of the listing rules of the SIX Swiss Exchange.
Investors must rely on their own evaluation of WISeKey and its
securities, including the merits and risks involved. Nothing
contained herein is, or shall be relied on as, a promise or
representation as to the future performance of WISeKey
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