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With WISeKey’s Cryptographically NFT Authentication Technology, You Do Not Need to Destroy the Original Art Object to Create a TrustedNFT.IO

Nachrichtenquelle: globenewswire
09.04.2021, 18:00  |  208   |   |   

With WISeKey’s Cryptographically NFT Authentication Technology, You Do Not Need to Destroy the Original Art Object to Create a TrustedNFT.IO

While NFTs can be sold on any platform, the actual cryptographic key that attaches the owner to their new NFT is stored on a WISeKey certificate in perpetuity across a distributed network of computers so that they cannot be deleted, copied or destroyed in the future.

https://cdn.wisekey.com/wp-content/uploads/2021/03/wiseart-1.jpg

Geneva/Brussels – April 9, 2021 – WISeKey International Holding Ltd (“WISeKey “) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain and IoT company, announced today the launch of TrustedNFT.IO a platform allowing Non-Fungible Tokens (NFTs) to verify the existence and the ownership of a digital collectible using a combination of Digital certification and blockchain technology. This authentication technology by has been around since 2010 and comes as an offshoot of the boom in cryptocurrencies, which also run on the blockchain.

Last week WISeKey launched a world premiere luxury watch NFT auction. To date, the NFT auction has already received a bid of 25 ethers (~$50,000) for the digital twin of Jean-Claude Biver's Bigger Bang All Black Tourbillon Chrono ‘Special piece’ watch.

https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/4 ...

This watch NFT auction was the first luxury watch to have a digital life with certified ownership and authenticity. This digital twin will be the "authentic" double of the physical watch in the digital space and has attracted international attention due to the unique combination of Trust and NFT as the current momentum on NFT as hit new highs. Of note, in March Christie’s, auctioned off a digital collage by an artist who goes by the name of Beeple for nearly $70 million, immediately making the artist the third-most expensive living artist in history.

The auction conducted by WISeKey of a prestigious watch has many wondering why any collector would want to buy just the digital version of the watch and not the original and how the person acquiring the NFT can claim ownership of something that can be easily and endlessly duplicated?

Some people struggle with this idea because they want to know, what is it they actually own.  But people of a younger generation do not struggle with it.  It is a very old-world idea, wanting to hold something in your hand, as if the intangible or the immaterial doesn’t have value.

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With WISeKey’s Cryptographically NFT Authentication Technology, You Do Not Need to Destroy the Original Art Object to Create a TrustedNFT.IO With WISeKey’s Cryptographically NFT Authentication Technology, You Do Not Need to Destroy the Original Art Object to Create a TrustedNFT.IO While NFTs can be sold on any platform, the actual cryptographic key that attaches the owner to their new …

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