WISeKey to Launch a New Series of NFTs on its WISe.ART NFT Marketplace Platform
November 10 2021 - 12:18PM
WISeKey to
Launch a New Series of
NFTs on its WISe.ART NFT
Marketplace Platform
Provides
update on its progress
for making
WISe.ART
marketplace
platform a digital brand building
alternative for corporations and owners
of artwork
or luxury
items
GENEVA / New York – November
10, 2021: WISeKey International
Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), leading global
cybersecurity, AI, Blockchain, and IoT company, today announced
that it’s launching a new series of NFTs using its WISe.ART
marketplace. The new series of NFTs will be launched starting
December 2021 and will gradually populate the WISe.ART
marketplace.
The new NFTs to be gradually auctioned include historical art,
documents/letters from the 15th century, watches, sports cards and
many other luxury items. The owners of these items to be auctioned
will be benefiting from WISeKey NFT WISe.Art platform which in
addition to offering an authenticated and signed version of the
actual digital asset, it also creates an irreversible link to the
physical object, provides proof of ownership, provenance, and a set
of contracts describing future use and monetization streams. Since
the launch of its WISe.ART NFT marketplace platform, WISeKey has
successfully completed the following activities:
1. Reinforced its IP
and NFT patent ecosystem powered by the extensive list of patents
owned
(https://www.wisekey.com/company/our-value-proposition/our-patents/).
WISeKey has also announced the filing of a new patent application
that ensures the provenance, authenticity, persistence, and
long-term value of NFTs that are minted on Blockchains using this
method. During the minting process, this method allows to ensure
that the NFT is not corrupted, incomplete, or
ambiguous.2. The WISe.ART NFT platform
is fully operational and 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.
3. WISe.ART marketplace that
is also available as a
while-labeling option allowing brands to include a part of
the WISe.Art platform into their own ecosystems and websites to
securely auction, trade and display high-value collectible NFTs, a
brand building alternative of the digital
world.4. The WISe.ART platform conducted a
world first auction in April with
a series of market tests starting in March of this
year of high value NFTs. Following the
needs of buyers and sellers of high-value goods, the WISe.Art
platform evolves the original collection of WISe.Art and is a fully
fledged marketplace with its own digital currency, the ability to
include curators and multipliers, while-labeling options and a
special NFT design. It is important to note that WISekey only
provided the NFT auction platform and not as an auction house so it
cannot guarantee that NFTs reaches the reserve price.
5. 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.6. 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.7. Targeting the
launch of TrusteCoin
in the first quarter of
2021. TrusteCoin provides a way
for collectors, owners and experts in the art and luxury goods
community to add income streams to their already existing
collections and also allows crypto-investors to participate on a
solid and well-known market. The objective for TrusteCoin is to
become one of the biggest names in the DeFi space, by providing a
platform that offers anyone the ability to make a profit by
creating trusted NFTs on the WISe.ART Platform.
About WISeKeyWISeKey (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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