WISeKey
Launches
eTreeNFT.com
Connecting Trees, NFTs and Crypto
on a
Unique
Opportunity for
Creating New
and Totally
SustainableAsset-Based
Markets
for
Sequestering
CO2
Each eTree NFT plants
one real tree & sequesters carbon to regenerate a
real farm. Trees are tagged and
digitally signed
with WISeKey Semiconductors and
monitored
via WISeSat.Space low
orbit satellites
GENEVA / Zug – January 30, 2023: WISeKey
International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY),
leading global cybersecurity, AI, Blockchain, and IoT company today
announces the launch of its eTreeNFT.com marketplace platform for
creating new and totally
sustainable
asset-based
markets for
sequestering CO2. WISeKey is already operating one
of the largest decentralized NFT Marketplace for arts ecosystem.
This experience and technological platform is now extended to the
certification of trees in order to perform carbon emission
compensation, which creates NFTs linked to real trees and allows
the certification and monitoring from space using WISeSats.
NFTs, or non-fungible tokens, are used to
tokenize trees to compensate for carbon dioxide emissions. This
would involve the creation of a token representing a specific tree,
which could then be owned, traded and tracked by a network of
users.
The token could be used to track, verify and
promote the growth of the trees, allowing for accurate accounting
and carbon measurements. Additionally, individuals and businesses
that demonstrate responsible stewardship of their trees could be
rewarded for their contributions to offsetting carbon emissions.
Finally, an incentivized trading system could be implemented to
allow users to buy and sell tokens representing specific trees,
creating a marketplace where both individuals and businesses can
participate in carbon offsetting.
As soon as a tree is planted, the owner of the
eTree NFT receives an NFT with a price tag equivalent to the amount
of CO2 sequestered by the tree and available on the eTreeNFT.com
platform. The eTree NFTs can be sold on the platform or used as a
carbon compensation method.
Carlos Moreira, CEO of WISeKey noted,
“Tokenization of trees to sequester CO2 involves issuing tradable
securities (e.g. tokens) that represent ownership of a carbon
offset derived from a specific project such as reforestation,
improved land management or avoided land clearance. The carbon
offset should be third-party verified using internationally
recognized standards such as the Verified Carbon Standard (VCS) or
the Climate, Community and Biodiversity Standard (CCBS). Through
tokenization, the offset owner is able to track the environmental
impacts of the project over time and trade the token on secondary
markets or use it to offset emissions. There are a number of
blockchain-based platforms which enable the tokenization of carbon
offsets. The development of tradable markets for these tokens is an
important step in helping create an effective global market in
carbon credits and enable more efficient pricing and wider
access.”
Critics have questioned the value of NFTs for
environmental causes because tokens using blockchain technology
require intense computing power, driving up demand for electricity
generation that releases climate-warming greenhouse gases.
WISeKey dismissed that view, arguing that
preservation of threatened areas far outweighs the environmental
cost of NFT transactions. Based on estimates, these
restored ecosystems could capture up to 200 billion tons of
carbon, accounting for over one-sixth of human carbon
emissions. That is why tree planting at a global scale
can play an important role in tackling climate change.
Forests are critical to the health of our planet: they sequester
carbon, they regulate temperatures, they recharge groundwater, they
prevent soil erosion and they conserve biodiversity. We have
already lost nearly half of the trees that used to exist on Earth
before humans started taking them down to build settlements and
grow food. Even though there is no way to bring back all those
trees, we know now that at least 1 trillion can be restored
The NFT design of the WISe.Art platform ensures
that besides an authenticated and signed version of the actual
digital asset, an irreversible link to a physical object is
created, in addition to proof of ownership, provenance and a set of
contracts describing future use and monetization streams. The NFTs
and platform are secured by WISeKey’s various security technology
enabling the authentication of physical objects as well as digital
assets in a safe end-to-end process.
WISeKey’s partnership with Green NFT also
ensures that NFTs on the WISe.Art platform are fully carbon neutral
to comply with upcoming ESG regulations and the desire of most
collectors to protect the planet. The platform also includes
permanent storage of the NFTs and as well as token rewards for
participants in auctions, curators and other companies or
individuals that contribute to the community.
eTreeNFT.com provides both a secure marketplace
and platform where NFT buyers and sellers can easily connect their
crypto wallets to instantly purchase or list their NFTs for sale.
WISeKey has added the support of Polygon and CasperLabs
blockchains, drastically reducing and even eliminating gas fees for
creators, buyers and sellers on the marketplace. eTreeNFT.com is
working on cross-blockchain support, enabling a truly open data
economy with the support of Ethereum, Polygon, Hedera and
CasperLabs to gradually add new chains and ensure interoperability
and scalability as part of WISeKey’s overall strategy to act as a
leading platform of the Web3.0 revolution.
Responding to the needs of buyers and sellers of
high-value goods, the eTreeNFT.com platform is developing
into a fully-fledged marketplace with its own digital currency, the
ability to include curators and multipliers.
The NFT tokenization uses
the WISeKey registered patent
application “System and Method for Providing Persistent
Authenticatable NFT” in the USA. With this method,
NFTs have increased in value and will
hold their value for a long-term. For
more information
visit: https://www.wisekey.com/press/wisekey-files-patent-application-for-persistent-and-authenticatable-nfts/
NFTs and the eTreeNFT.com platform are secured
by WISeKey’s own security technology enabling the protection
of physical objects as well as digital assets in a safe end-to-end
process. Smart contracts and physical contracts can be
included in the NFTs to describe the usage rights of the NFT buyer,
including monetization of their collection. It also allows the
original creator to potentially participate in future
royalties.
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 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, founded in 1999 (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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