WISeKey Generates the First Ever NFT From Space at Davos Minting a Series of NFTs in WISe.ART Marketplace
May 25 2022 - 9:01AM
WISeKey
Generates the
First
Ever NFT
From
Space at Davos
Minting a
Series of NFTs in
WISe.ART
Marketplace
Through the WISeSat constellation WISeKey
will enable the direct connection of satellites to IoT devices for
NFT authentication, completing the connection cycle from space to
device through secure telecommunication means. The space based NFT
ecosystem assures personal and secure authentication capabilities
through the global WISeSat
constellation.
WISeKey successfully launched its First
IoT series of Picosatellites WISeSat–1 and WISeSat–2 on January
13, 2022 with
SpaceX Transporter 3 Rideshare Mission Aboard a Falcon 9
Vehicle.
GENEVA, – May 25, 2022: WISeKey International
Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading
global cybersecurity, AI, Blockchain and IoT company, today
announced that it has generated at Davos an NFT from space during
the WISeKey Davos event. The NFT was captured by the WISeSat
satellite station in South Spain city of La Linea at the LLG4ir.com
Center of Excellence connected via an encrypted line to a Davos
blockchain server and minted on WISe.ART NFT Marketplace.
Through the WISeSat constellation WISeKey is
enable the direct connection of satellites to IoT devices for NFT
authentication, completing the connection cycle from space to
device through a secure telecommunication means. The space based
NFT ecosystem assures personal and secure authentication
capabilities through the global WISeSat constellation. This
solution can be used in multiple industrial applications to:
optimize productivity across industries through predictive
maintenance on equipment and machinery, create truly smart homes
with connected appliances, and provide critical communication
between devices including autonomous vehicles, self-driving cars
and trucks and smart homes. The possibilities are endless. For more
information visit WISeSat.Space.
WISeKey will offer this technology to its IoT
clients in a SaaS model allowing both remote and redundant urban
IoT communications for companies seeking to securely connect their
assets. WISeKey Trust and Security solutions offer unique
integration into an end-to-end platform that communicates in
real-time with the WISeSat by ensuring the authenticity,
confidentiality, and integrity of the devices, objects, data and
transactions.
Last year WISeKey filed a patent application
that ensures the provenance, authenticity, persistence, and
long-term value of NFTs minted on Blockchains using this method.
During the minting process, this method ensures that the NFT
process is not corrupt, incomplete, or ambiguous. In general, there
is a high confidence in the ability of a blockchain to preserve and
store the public key and digital signature information of the NFT
along with any subsequent transaction data over a long period of
time and at the same time authenticate and secure its value.
NFTs that are not created using WISeKey’s
patented method will not contain the necessary information to
ensure that the minter of the NFT was the originator or possessor
of the object at the time of minting or had authority to mint the
NFT. As a result, the long-term value of the NFT is diminished, if
the rights of the minter are not identified and established, the
moment the NFT is created.
Additionally, the information associated with an
NFT not created using WISeKey’s patented method, can easily degrade
over long periods of time. For example, over several decades or
even over centuries the owner of an NFT, their descendants, and
others may find it difficult to discern whether an NFT is authentic
or what object the NFT is associated with, or the location where
the object itself is located. There is no assurance that the NFT
itself will preserve its ability to authenticate the associated
object or that its association with the object will be
preserved.
In order to solve these technical problems, the
methods protected by WISeKey’s patent application define the
structure, composition, and minting process of an authenticatable
and persistent NFT to establish and maintain long-term value as
well as corresponding systems implementing these methods.
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.
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Apr 2024 to May 2024
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From May 2023 to May 2024