WISe.ART
Allows
Artist to
Showcase
Their NFT
Collection of Art
Created by Artificial
Intelligence
Algorithms
GENEVA / Zug – March 7, 2023: WISeKey
International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY),
leading global cybersecurity, AI, Blockchain, and IoT company today
announces that WISe.ART is launching a special NFT collection of
Art created by Artificial Intelligence algorithms. WISe.Art NFTs,
or non-fungible tokens, are unique digital assets that represent
ownership of a specific piece of art. These tokens can be bought
and sold like any other cryptocurrency, but they have the added
benefit of verifying ownership and authenticity of a particular
artwork.
While art could be subjective, these new
AI-generated artworks could challenge what most consider to be
traditional art. Artists will be able use this new tool to create
art we cannot imagine, there are no boundaries to their creativity
as AI opens a whole new world to them. New types of art will
be produced including techniques such as three D immersive
animations, AI will bring exposure to environments inaccessible
until now, entirely new sensations will emerge from this
revolution.
As with every new invention, there are
controversies about artificial intelligence art creation, however,
the many opportunities hugely outweigh the
critics.
To generate art NFTs using AI, there are several
techniques that artists and creators can use at WISe.ART platform.
One of the most popular approaches is to use a Generative
Adversarial Network (GAN), which is a type of neural network that
can learn to generate new images by studying existing ones.
To create an art NFT using a GAN, the artist
first trains the network on a dataset of existing artwork, which
can be anything from classical paintings to modern digital art. The
GAN then generates new images based on this training data, which
can be further refined by the artist until they are satisfied with
the result.
Another approach to generating art NFTs using AI
is to use style transfer, which is a technique that involves taking
the style of one artwork and applying it to another. This can be
done using Convolutional Neural Networks (CNNs), which are a type
of neural network that can learn to extract features from
images.
To create an art NFT using style transfer, the
artist first selects an existing artwork as the "style" and a new
image as the "content." The CNN then extracts the features of both
images and applies the style of the first image to the second. This
can result in unique and visually striking art NFTs that combine
the style of one artwork with the content of another.
Overall, using AI to generate art NFTs offers an
exciting new way for artists and creators to explore new forms of
digital art. By harnessing the power of neural networks and machine
learning, artists can create unique and one-of-a-kind art NFTs that
are unlike anything else out there.
The NFT art has gained immense popularity in
recent years, and the market for NFT art has grown significantly.
NFT art refers to digital artwork that is verified through
blockchain technology, making it unique and valuable.
According to a report by NonFungible.com, the
NFT market grew by more than 299% in 2020, with over $250 million
in sales. This growth is expected to continue in the coming years,
with more artists and collectors joining the market.
Several factors are driving the growth of the
NFT art market, including the increasing interest in digital art
and the growing acceptance of blockchain technology. Moreover, NFTs
provide a way for artists to monetize their work directly, without
having to rely on traditional art galleries or auction houses.
However, it's important to note that the NFT art
market is still relatively new and evolving, and its long-term
success and growth will depend on several factors, such as
regulatory frameworks, wider adoption of blockchain technology, and
market demand.
In summary, while it's difficult to predict the
exact size of the NFT art market, it's likely that it will continue
to grow in the coming years, as more artists and collectors join
the market, and as blockchain technology becomes more widely
accepted.
The jury is still out on whether AI painting
will be a substitution or an addition to the space. For the moment
we are providing this unique platform for AI NFT art that can be
monetized.
WISe.ART will donate all the proceeds from sales
transacted on the platform to OISTE, an ONG investing in
Cybersecurity programs protecting humans. Artists will, of
course, be free to donate their proceeds while all the Terms and
Conditions (including royalties to be paid) will be defined in the
smart contract. WISe.ART team suggests artists upload their
new limited editions of a 100, at USD 500 each. It is crucial
to create art every day and upload collections on a regular basis
to keep the collectors alert and wanting more.
About WISe.ART
WISe.ART is a fully-fledged marketplace. It can
connect all actors of the arts industry. Our white-labeling options
and special NFT designs ensure that besides an authenticated and
signed version of the actual digital asset, creating an
irreversible link to the physical object, providing proof of
ownership, provenance, and a set of smart contracts describing
future use and monetization streams.
The WISe.ART NFT platform is fully secured by
WISeKey’s innovative security technologies enabling the
authentication of digital assets, in a safe end-to-end process
based on our experience and proven expertise in this domain.
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 Secures the pervasive computing
shaping today’s Internet of Everything. WISeKey IoT has an install
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 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 Ltd Company
Contact: Carlos Moreira Chairman & CEO Tel: +41 22 594 3000
info@wisekey.com |
WISeKey Investor Relations (US) Contact:
Lena Cati The Equity Group Inc. Tel: +1 212 836-9611
lcati@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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