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WISeKey International Holding AG (NASDAQ: WKEY) is a global leader in cybersecurity, digital identity management, and the Internet of Things (IoT) solutions. The company specializes in providing advanced security technologies for data protection, secure identification, and authentication across physical infrastructures, networks, and the internet, ensuring secure communications and e-transactions without compromising trust.
WISeKey operates through several distinctive subsidiaries, each contributing uniquely to its expansive technology portfolio:
- SEALSQ Corp: Focuses on semiconductors, Post-Quantum technology, and provisioning services. Recent investments include the development of quantum-ready semiconductors and the establishment of an Open Semiconductors Assembly and Test (OSAT) Center.
- WISeKey SA: Specializes in Public Key Infrastructure (PKI) management and cryptographic root keys, which are essential for secure digital communications and transactions.
- WISeSat.Space: Focuses on cost-effective satellite deployments through picosatellites, contributing to sectors like agriculture, logistics, and environmental monitoring.
- WISe.ART: Operates in the NFT space and has recently partnered with Hedera to enhance the WISe.ART platform for secure NFT transactions.
WISeKey's innovations are central to the increasingly connected digital ecosystem, providing secure digital identities for individuals, groups, organizations, and communities globally. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. Trusted by the OISTE/WISeKey cryptographic Root of Trust, the company ensures the integrity of online transactions between objects and people.
In 2023, WISeKey achieved significant financial growth, driven by its diversified business model and strategic investments in emerging technologies like blockchain, AI, and IoT. The company continues to expand its footprint with new projects such as the Low Orbit satellite initiatives, upcoming semiconductor personalization centers, and innovations in digital identity and cybersecurity solutions.
WISeKey has partnered with The Chinese Museum of Finance to auction a historical Jiaozi NFT, representing the world's first government-issued paper currency from 1024. This initiative, part of the WISe.ART NFT platform, aims to promote financial heritage through digital innovation. A total of 10,000 NFTs will be issued, with a focus on collectors and institutions. The auction signifies WISeKey's expansion into the Chinese market and aims to enhance the cultural significance of financial history.
WISeKey reported its H1 2021 results, showcasing a 24% increase in revenue to $9.9 million compared to H1 2020's $8.0 million. The company holds strong cash reserves of $38.6 million, facilitating investments in AIoT and the newly launched WISe.Art NFT platform, responding to growing demand for its Trusted NFT solution. Despite facing challenges from the COVID-19 pandemic and supply chain disruptions, WISeKey remains optimistic, supported by a solid revenue pipeline of over $250 million projected for 2022-2027.
WISeKey has partnered with Scaleswap and Polygon for the IDO launch of its WISe.Art platform TrusteCoin, set for November 2021. This collaboration leverages Scaleswap's Ethereum Layer 2 scaling for improved user experience. The partnership aims to enhance community building and offer scalable NFT solutions. WISeKey is set to create high-value NFTs, including exclusive collectibles. TrusteCoin will provide governance and utility within the ecosystem, facilitating KYC processes while ensuring anonymity for users.
WISeKey International Holding Ltd (NASDAQ: WKEY) announced on September 24, 2021, the amendment of its $44 million Convertible Notes Subscription Agreements with institutional investors, granting early access to up to $22 million for its NFT platform, WISe.Art, and TrusteCoin token development. The amendment allows for four Accelerated Tranches ranging from $2 million to $5.5 million each. This funding aims to capitalize on the rising demand for trusted NFT solutions, with NFTs market soaring to $2.5 billion in 2021. CEO Carlos Moreira highlighted this as a strategic move to secure a competitive market share in the growing NFT space.
WISeKey International Holding Ltd (NASDAQ: WKEY) has officially launched the Kobe Bryant Autographed Black Mamba Package on its WISe.Art luxury NFT marketplace. The auction will run from September 20 to 28, 2021, featuring only three exclusive rose gold Black Mamba watches. The package includes a limited edition 1/3 18K Rose Gold Tourbillion watch, a signed sneaker, and a custom digital artwork, starting at $1,008,240. This collaboration with GDGC Enterprises aims to tokenize luxury assets while enhancing provenance verification.
WISeKey has signed Memorandums of Understanding (MoUs) with the governments of La Línea and Gibraltar to establish a joint 4th Industrial Revolution (4IR) Center of Excellence. This initiative aims to foster innovation, focusing on emerging technologies such as AI, Blockchain, IoT, and Cybersecurity. The center will launch with WISeSAT Fossa Systems satellites, facilitating R&D and technological advancements. Both local leaders emphasize the project's potential to uplift regional skills and accelerate digital transformation, linking it with WISeKey’s global operations.
WISeKey has appointed Andreas Kindt, former CTO and Board Member of T-Online International AG, to its Advisory Committee. His role will focus on advancing the WISe.Art NFT platform. This platform combines cybersecurity with its own digital currency and operates under a multichain strategy in partnership with Polygon, CasperLabs, and Ocean Protocol. With over 30 years in the ICT sector, Kindt aims to enhance technology deployment and drive transformation in digital assets, including improving ownership proof and trading anonymity.
WISeKey International Holding Ltd (NASDAQ: WKEY) has appointed Sixtine Crutchfield as NFT Art Director to spearhead the artistic growth of its WISe.ART MarketPlace. This follows the commercial launch of the platform on September 1, 2021, aimed at the luxury collectible market. The platform features unique NFT designs linked to physical objects, ensuring ownership verification and provenance through WISeKey’s security technologies. Crutchfield brings extensive experience from art galleries and banking, enhancing the platform's market strategy.
WISeKey International Holding Ltd (NASDAQ: WKEY) announced a collaboration with GDGC Enterprises to host a webinar on September 20, 2021, discussing the auction of an exclusive Kobe Bryant Autographed Black Mamba Package via the WISeArt Trusted Marketplace. The auction features a limited edition 18K Rose Gold Black Mamba Tourbillion watch, signed sneaker, and custom digital artwork, starting at $1,008,240. The webinar will explore the asset tokenization process and establish provenance on the blockchain, as well as discuss the benefits of the WISe.Art platform for luxury NFTs.
WISeKey has partnered with Polygon and GDGC Enterprises to auction a unique NFT package featuring Kobe Bryant's autographed Black Mamba items on the WISe.Art platform. The auction will start on September 20, 2021, with a minimum bid of $1,008,240. This NFT package includes a limited edition Rose Gold Tourbillion watch, a signed sneaker, and custom digital artwork. This collaboration aims to leverage Polygon's low transaction fees and sustainable technology, enhancing customer experience in the luxury NFT market.
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