WISeKey
Joins
Forces with Menthol
Protocol to Make its
WISe.Art
NFT Platform
Climate-Positive
Geneva, Switzerland – August 9, 2021 - WISeKey International
Holding Ltd (NASDAQ: WKEY; SIX: WIHN), a leading cyber security,
IoT, and AI platform company, today announced that is collaborating
with Menthol Protocol, the first decentralized automated
sustainability protocol that automatically power users of dApp
transactions with verified renewable energy and carbon credits, to
make WISe.Art NFT platform climate-positive.
WISe.Art is the first NFT platform which due to its proprietary
NFT technology, is safe (KYC & Cybersecurity), green (Carbon
neutral & Menthol Protocol), smart, and provides a unique
“melting pot” for traditional & crypto art, luxury good and
collectible lovers.
WISeKey is a pioneer in the area of cybersecurity. For more than
two decades, WISeKey has been providing its clients with object
authenticity and anticounterfeiting offerings, a technology that
has been applied to art, luxury goods, and collectibles, through a
holistic approach in collaboration with strategic partners from the
decentralized space. The marketplaces for these services will
provide a spectrum of premium and standard offerings.
Against this background, WISeKey is launching its own NFT
platform for creating, marketing and selling NFTs as digital twins
for high end luxury collectibles and artwork. The intention is to
take the ‘hot air’ out of NFTs and by linking the NFTs to actual
physical art or collectibles and by attaching digital rights and
creating true value for collectors, artists and brands.
“However, one major challenge of 2021 remains the climate
crisis, which has to be tackled in different spheres, in the
physical but also in the digital world, by reaching to the
transaction world of the web3, namely the Blockchain, sphere,” said
Carlos Moreira, CEO of WISeKey.
Therefore, the collaboration with Menthol Protocol is essential
to ensuring WISe.Art’s NFT platform is climate-positive. Mohamed
Hassan, CTO of Blok-Z, a green-tech blockchain startup, and Amir
Sultan Malik Awan, CEO of Rocket Blockchain, a company focused on
tech, industry and sustainability, have been building solutions to
make it easy for enterprises and crypto to be climate positive.
They are some of the leaders behind Menthol Protocol’s vision and
have been advisors to WISeKey.
“We are excited to exchange values, strategies, and business
visions with WISeKey’s team and working closely with cyber-security
pioneer, Carlos Moreira and eminent AI authority, Chris Boos, while
implementing innovative, interdisciplinary solutions in a growing
and emerging space,” said Amir Awan.
“WISe.Art team is just as passionate with provenance and
sustainability as we are, which makes them an ideal partner for
Menthol Protocol. Artists, curators, and users will be able to
create and trade NFTs that are provably authentic and have a
positive impact on the world. Together, we are planting the seeds
of a sustainability-focused ecosystem interested in decarbonizing
user activities, dApps and entire blockchains,” said Mohamed
Hassan.
In addition to using Menthol Protocol to sustainably power their
on-chain operations, WISe.Art will issue the TrustECoin (TEC). Of
note, a fixed percentage of revenues generated by each NFT
transaction will be allocated and donated to fund impactful
sustainability projects. WISeKey believes it is not only important
to quickly take action but also to be a leader in reversing climate
change and nurturing ecosystems around the world.
In this vein, also WISe.Art partners with companies such as
CO2free.com, which plans to offer and supply CO2 certificates from
personal CO2 savings on a Blockchain, benefiting the ecosystem of
CO2 on-chain decarbonization. Therefore, WISe.Art is supporting
projects, which allow the tokenization of CO2 savings on an
individual level targeting human users of digital products, to
capture respective CO2 savings and aggregate, measure, incentivize
and ultimately monetize positive CO2 behavior.
“At CO2free, we measure the personal CO2 footprint with the
smartphone in a scientifically sound manner by real-time-data. We
also reward our app users for their active contribution to climate
protection," said CO2free.com Managing Director, Thomas Steins.
"With WISe.Art and Menthol Protocol we have the perfect partners
for our green blockchain to tokenize the CO2 savings of every user
and rewards their global impact,” said CO2free.com founder,
Alexander Emming.
Why is
WISe.Art
using Menthol Protocol?
The climate crisis poses an unprecedented threat to human
civilization and the world’s ecosystems and the crypto world is
taking notice.
Surging demand for cryptocurrencies and accelerating adoption of
blockchain-based solutions have highlighted a critical issue: the
technology's growing energy consumption and its impact on our
climate. That’s why WISe.Art is working collaboratively with
on-chain sustainability partners to make it easy for the WISe.Art
users to be 100% renewable.
However, buying on-chain green NFTs is extremely time-consuming,
repetitive, and fragmented across different exchanges or networks.
It's challenging to curate a high-quality sustainability portfolio.
Finding, calculating, and purchasing green tokens regularly is a
hassle for users and dApp developers that want to be cool.
Putting the
WISe.Art
sustainability goals on autopilot with Menthol
Protocol
WISe.Art future transactions are by default emission-free.
Menthol Protocol automatically tracks the on-chain emissions and
energy consumption and sources the highest quality green tokens
from different marketplaces.
In the near future, dApp developers will be able to make their
cool projects even cooler in only a few minutes. With our no-code
integration process, the only change to their users’ experience
will be the warm fuzzy feeling they get from saving the world.
In collaboration WISe.Art and Menthol Protocol aim to bring
positive change to the traditional and crypto world with innovative
technologies and green tech. This project is a beautiful example of
how innovative startups and longstanding, state-of-the-art players
such as WISeKey partner to explore innovations in a Blue Market,
while inviting their communities to join this exciting path.
About Blok-Z / Menthol ProtocolBlok-Z is an
energy sector software provider based in Germany and Turkey. The
company was founded in 2018 to help accelerate the digital
transformation of the energy industry using blockchain technology.
Blok-Z enables anyone to be an energy market player with access to
economical, transparent and traceable green electricity. For more
information visit https://www.blok-z.com/.
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 install base of over 1.5 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 edge of IoT as our semiconductors produce a
huge amount of Big Data that, when analyzed with Artificial
Intelligence (AI), can help industrial applications to 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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