WISe.ART NFT Marketplace to mint in February its first NFT to be generated from Space using its WISeSat.Space satellites successfully launched last week with SpaceX

WISe.ART NFT Marketplace to mint in February its first NFT to be generated from Space using its WISeSat.Space satellites successfully launched last week with SpaceX

WISe.ART NFT Marketplace to mint in February its first NFT to be generated from Space using its WISeSat.Space satellites successfully launched last week with SpaceX

WISeSats satellites launched last week are working correctly and communicating via VaultIC encrypted communications despite working in extremely low temperatures conditions. During the testing phase, which will take 2-4 weeks, WISeKey will activate the NFT and then execute in mid-February with the launch of a prestigious NFT.

The NFT launched from Space will be using the WISeKey patent application for “Persistent and Authenticatable NFTs.” WISeKey IoT has an installed 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.).

Furthermore, WISeKey has filed a patent application for a “System and Method for Providing Persistent Authenticatable NFT” in the USA. NFTs using this method have increased, long-term value and can help secure IoT networks by acting as a device authenticator which prevents a single entity (i.e., a malicious actor) from controlling massive amounts of data generated by digital networks.

Geneva, Switzerland – January 18, 2022: WISeKey International Holding Ltd. (“WISeKey”) (NASDAQ: WKEY; SIX: WIHN), a leading global cybersecurity, IoT, and AI company, today announced that it has filed a patent application that ensures the provenance, authenticity, persistence, and long-term value of NFTs that are minted on Blockchains using this method. During the minting process, this method allows to ensure that the NFT is not corrupted, incomplete, or ambiguous.

The WISeSat.Space constellation is already enabling the direct connection of satellites to IoT devices for NFT authentication, completing the connection cycle from space to device through a secure telecommunication means.

WISeSat.Space satellites launched last week are working correctly and communicating with VaultIC encrypted communications despite working in extremely low temperatures. During the testing phase, which will take 2-4 weeks, WISeKey will be working to activate the NFT, and then execute the launch of a prestigious art piece in mid-February.

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The space based NFT ecosystem assures personal and secure authentication capabilities through the global WISeSat.Space constellation developed in partnership with FOSSA Systems. 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.

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 long and very long periods of time. However, a Blockchain cannot preserve information that the NFT does not itself include. Such as disclosed in the patent application, it is the information in a persistent off-chain storage that establishes the value and that needs to be authenticated and secured.

NFTs that are not created by this method will not contain enough 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. Without identifying and establishing the rights of the minter, the long-term value of the NFT is diminished.

The information associated with an NFT 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 the 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.

An estimated fifty billion connected devices worldwide, IoT is easily one of the most prevalent technologies in existence today ranging from wearable health tracking devices to sensors and controls on critical infrastructure like the power grid or water supply. NFTs can help secure IoT networks by acting as a device authenticator which prevents a single entity from manipulating or controlling massive amounts of data generated by IoT platforms as the connection between the tokens and devices are difficult to compromise and can be traced during their lifetime now from space using the WISeSats.

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 installed 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 leading edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications 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

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.

Solodev Launches New Platform for Building NFT Marketplaces

Solodev Cloud Services now offers a turnkey solution powered by AWS for building secure NFT marketplaces on the world’s leading blockchain platforms, including Ethereum and Cardano

Solodev, the cloud services, and metaverse infrastructure company, announced the launch of Solodev NFT Marketplace: a platform that allows developers and organizations to build custom ecosystems for minting and selling NFTs on a fast, secure, and highly scalable infrastructure powered by AWS. With Solodev Cloud Services, users can deploy their NFT marketplace on the blockchain of their choice, including Ethereum and Cardano, with additional options coming soon. Solodev’s advanced Marketplace as a Service (MaaS) capabilities will enable organizations to stand up an NFT exchange with greater speed and ease, push NFTs locally to Cardano or one of its supported blockchains, and mint NFTs to external exchanges like Opensea, Coinbase, Gamestop, and more – accelerating the journey to the metaverse.

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The blockchain and crypto markets are growing at an exponential rate. Bitcoin alone has increased by almost 70% since the start of 2021, exploding the crypto market to a combined $2 trillion in value. As brands and organizations race to execute their own crypto strategies, NFTs (non-fungible tokens) have changed the game. Now, users can register one-of-a-kind digital assets on public blockchains and codify their ownership of artwork, music, video, and other elements that have a unique value. Recently, the artist Beeple sold a visual art NFT for $69 million at New York’s “Dreamverse” event, demonstrating the potential value of these assets.

The rise of NFT marketplaces is a direct response to this groundbreaking opportunity, providing access to digital exchanges for transacting with NFTs. According to Coinbase, the internet’s leading exchange for cryptocurrency, the NFT market could quickly surpass the company’s lucrative crypto trading business. While global brands like Walmart and Gamestop are building their own NFT marketplaces and launching cryptocurrencies to capitalize on this unprecedented growth, most organizations lack the essential cloud services and infrastructure to launch their own experiences – and risk missing out on the biggest tech opportunity since the launch of the Internet.

Solodev NFT Marketplace gives developers and organizations a fast track for deploying their own NFT experiences, allowing them to mint and sell tokens that align with their business, community, and social goals. Powered by advanced Kubernetes and serverless technologies on Amazon Web Services (AWS), Solodev NFT Marketplace delivers an essential set of cloud and infrastructure services for building a turnkey exchange, including customizable NFT catalogs, integrated blockchain services, crypto payments, and an AI-powered recommendation engine for personalizing NFT shopping experiences. Additionally, Solodev provides consulting services to help organizations navigate the complexities of crypto, blockchain, and web3 to support successful marketplace initiatives.

“At Solodev, we’ve always been focused on supporting the builders – and NFT marketplaces are what builders want to build,” said Shawn Moore, Chief Technology Officer at Solodev Cloud Services. “There’s no doubt that Meta, Amazon, Gamestop, and Walmart are leading the way to the metaverse. Now, with our cloud and blockchain services, anyone can launch an NFT marketplace at scale to reach the metaverse faster and compete.”

Solodev Cloud Services fully supports Ethereum and its ETH cryptocurrency, the most widely used platform for deploying NFT marketplaces. However, unlike other solutions, Solodev also offers the Cardano blockchain, which provides a wide range of advantages. Started in 2015 by Ethereum co-founder Charles Hoskinson, Cardano is the largest public blockchain to use proof-of-stake, which is seen as a “greener,” eco-friendly alternative to proof-of-work protocols like Ethereum and Bitcoin. Along with lower gas fees, Cardano and its ADA cryptocurrency give developers another high-utility option for building scalable NFT marketplaces – with more blockchains coming to Solodev in 2022.

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“To compete in this new NFT galaxy of experiences, you need to get there at warp speed,” said Matt Garrepy, Chief Digital Officer at Solodev Cloud Services. “Our software is the engine for accelerating this digital transformation journey – one that fuses the Internet, e-Commerce, and social on a level we’ve never seen. No business can afford to miss out, and that’s why we built our NFT marketplace platform.”

Solodev Cloud Services is currently developing a high-end NFT gallery in partnership with several organizations, focusing on studio and digital art. The new exchange will be built on Cardano with plans to go live in the coming months, with support for several new blockchains coming soon. In addition, Solodev is launching a crypto incubator in St. Petersburg, Florida that will leverage smart contracts to govern the creation of high-tech startups.

NFT platform Royal crashes during first music NFT drop, delays mint

Royal, a non-fungible token (NFT) platform from the American music producer 3LAU (pronounced “Blau”), crashed after its first mint drop.

The mint was supposed to start on January 11 at 1:00 p.m ET and include music NFTs from the Grammy award-winning rap star Nas but crashed a minute into the drop due to heightened user demand on their servers, the platform explained on Twitter.

Royal has now delayed the mint to start on January 20 at 1:00 p.m. ET. A total of 760 tokens at three price tiers — Gold, Platinum and Diamond — will be offered at launch.

For the Nas music NFT drop, Nas maintains 50% of the royalties for every NFT sale. Those who buy one of the 500 Gold tokens will receive 7% from royalties on every resale, with the 250 Platinum token holders and 10 Diamond holders each earning 21% from royalties.

In November, Royal received $55 million in Series A funding led by the venture capital firm a16z. The platform aims to give music artists a way to maintain and share ownership over their work with fans through NFTs.

Coinbase will let you pay with Mastercard in its upcoming NFT marketplace

Coinbase is partnering with Mastercard to allow card payments on its upcoming NFT marketplace. This means you’ll be able to directly purchase an NFT with fiat currency (also known as a government-issued currency, such as the USD) using your Mastercard credit or debit card, all without having to buy cryptocurrency first.

The cryptocurrency exchange says it’s working with Mastercard to “classify NFTs as ‘digital goods,’” which should, in turn, make NFTs more accessible to someone who might be uncomfortable purchasing and storing cryptocurrency. Most NFT marketplaces require that you purchase cryptocurrency first, add it to a secure wallet, and then connect that wallet to the marketplace, a process that obviously isn’t as simple as your typical online purchase.

What’s an NFT? NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. An NFT can either be one-of-a-kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file. NFTs have been making headlines lately, some selling for millions of dollars, with high-profile memes like Nyan Cat and the “deal with it” sunglasses being put up for auction. There’s also a lot of discussion about the massive electricity use and environmental impacts of NFTs. If you (understandably) still have questions, you can read through our NFT FAQ.

“Expanding the audience for NFTs allows this burgeoning market to support more creators and could spark the next evolution of digital commerce,” says Raj Dhamodharan, Mastercard’s executive vice president of digital asset and blockchain products, in an announcement on Mastercard’s site. “Getting more people involved safely and securely is perhaps the best way to help the NFT market thrive.” Dhamodharan also notes that Mastercard will use its acquisition of CipherTrace, a cryptocurrency intelligence company, to help bolster the safety of NFT purchases.

Coinbase first announced its NFT marketplace, called Coinbase NFT, in October, describing it as a platform that will let you trade, sell, and mint NFTs. Coinbase NFT still hasn’t gone live, but it does have a waitlist you can sign up for to gain early access. Other popular NFT marketplaces have already explored the possibility of adding credit and debit card payments, with Nifty Gateway offering such payments since day one. Rarible also offers the option of buying an NFT directly with a Visa or Mastercard.

On OpenSea, however, you still have to jump through the hoops of adding funds using a third-party service, called MoonPay, and then converting your fiat currency to Ethereum before making a purchase. Binance operates in a similar manner, with users required to load up a wallet with cryptocurrency before buying NFTs.

OpenSea NFT Marketplace Acquires Crypto Lending Platform and Wallet Provider Dharma Labs

Non-fungible token (NFT) marketplace OpenSea has acquired cryptocurrency borrowing, lending platform and digital wallet service Dharma Labs to invest in NFTs and the Web3 ecosystem. As part of the deal, the co-founder and CEO of Dharma Labs, Nadav Hollander will be OpenSea’s new chief technology officer. OpenSea claims the deal would help it “dramatically improve the experience of buying, minting, and selling NFTs” on its marketplace, while also marking an end for the Dharma Labs app which has been around for a couple of years now.

“Our teams share a vision that NFTs will be the cultural focal point of crypto’s adoption for years to come — and that vision can only be realized if using NFTs becomes easy and delightful for the average person,” OpenSea CEO Devin Finzer said in the post. “Ultimately, we believe this union will be a force multiplier for NFTs and Web3 adoption, and help us dramatically improve the experience of buying, minting and selling NFTs on OpenSea — whether you’re a beginner or a pro.”

Speaking of Nadav Hollander’s appointment as chief technology officer, Finzer said, “Nadav’s impact will be wide-reaching, but his initial mandate will be two core priorities: improving the technical reliability and uptime of our products and building Web3-native mechanisms for engaging with and rewarding our early and loyal community.”

“In 2022 and beyond, we’re excited to turn our attention towards the focal point of crypto’s mainstream adoption: NFTs,” Dharma announced in a blog post. “We will be bringing our knowledge, expertise, and technology to OpenSea in order to power a mainstream-friendly way to buy, sell, and mint NFTs. Together, we will push forward the NFT industry,” the now-acquired company said.

Hollander will replace OpenSea co-founder and current chief technology officer Alex Atallah, who will move into an externally facing role overseeing its Web3 and NFT ecosystem development efforts.

Brendan Forster, co-founder and chief operating officer of Dharma, will become OpenSea’s head of strategy and hopes to bring a “Web3-native perspective into product, business, community, and marketing” to the company, according to the company’s blog.

As part of the acquisition, Dharma will be sunsetting the Dharma wallet app over the next 30 days. Users must withdraw or sell their Dharma Smart Wallet funds before February 18, stated the blog.