The new entrusted WISeKey WISe.ART NFT platform is filling up for Miami BaselWorld

Rhea-AI Summary

WISeKey International Holding (NASDAQ: WKEY) launched the WISe.ART NFT platform during Art Basel Miami Beach, enhancing digital art transactions. The platform allows artists like Luca Bonfanti and Vika Kova to showcase their work. Beginning February 14, 2022, artworks will be available for sale, with a preview in Davos from January 17-21, 2022. The platform integrates a patented NFT tokenization method ensuring ownership and provenance of digital assets. Artists can benefit from smart contracts for royalty participation, creating new funding opportunities.

Positive

• Launch of the WISe.ART NFT platform, enhancing digital art market participation.
• Partnership with notable artists, increasing platform visibility.
• Introduction of a patented NFT tokenization method, ensuring asset authenticity and value retention.
• Opportunity for artists to earn future royalties through smart contracts.

Negative

• None.

The new entrusted WISeKey WISe.ART NFT platform is filling up for Miami BaselWorld

Geneva, Basel, Miami, World – December 2, 2021 – WISeKey International Holding. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity, AI and IoT company, announces the launch of an international new collection of art NFTs during Art Basel Miami Beach week.

The WISe.ART NFT gallery has opened online for the Miami Art Week with artists like Luca Bonfanti (SWITZERLAND), Vika Kova (NETHERLANDS), Marcella Moser (CANADA), Mike Nwogugu (USA), and Pedro Sandoval, a Luminaries21 leader (SPAIN).

Onboarding applications are now open and our personalized service and vetting committee welcomes all artists to get in touch by registering on: https://account.wiseid.com/signup?redirect_url=https://platform.wise.art/wisekeysignupcallback/

Artworks will go on sale on February 14, 2022 (preview at Davos from January 17 to 21, 2022).

Responding to the needs of buyers and sellers of high-value goods, the WISe.Art platform is developing into a fully-fledged vetted marketplace with its own digital currency, with the ability to include curators and multipliers, white-labeling options and custom-made NFT design.  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 set up, in addition to proof of ownership, provenance and a set of contracts describing future use and monetization streams, if relevant.

WHAT WE DO AND WHO WE ARE:

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 long-term value.

NFTs and the 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. This option opens new funding opportunities for artists with large collections, as well as better appreciation for their work. 

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 (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 1.6 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.

Contact:

Sixtine Crutchfield, Art Director
scrutchfield@wisekey.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 because 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.

FAQ

What is the WISe.ART NFT platform launched by WISeKey?

The WISe.ART NFT platform is a digital marketplace for art NFTs, allowing artists to sell their work and ensuring ownership and provenance through a patented tokenization method.

When will artworks on the WISe.ART platform go on sale?

Artworks will go on sale starting February 14, 2022, with a preview from January 17 to 21, 2022, at Davos.

Who are some of the artists featured on the WISe.ART NFT platform?

Featured artists include Luca Bonfanti from Switzerland, Vika Kova from the Netherlands, and Mike Nwogugu from the USA.

How does the WISeKey NFT platform benefit artists?

The platform allows artists to earn royalties through smart contracts and provides a secure method for showcasing and selling their digital art.

What security measures does the WISe.ART platform have?

The platform employs WISeKey's security technology, ensuring protection for both physical and digital assets throughout the transaction process.