SEALSQ Expands Protection of Luxury and Valuable Assets with Patented Advanced Digital Certification and NFT Technology

Geneva, Switzerland , April 23, 2024 (GLOBE NEWSWIRE) --

SEALSQ and WISeKey have a rich portfolio of over 46 patent families encompassing more than 100 fundamental individual US & Swiss patents with an additional 22 patents currently under review

SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, in collaboration with its parent company WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, today announced its patented integration of Digital Identification with NFT technology, a groundbreaking solution in the realm of asset protection. This innovation builds on the Company’s already extensive experience in securing luxury items, particularly Swiss watches, through advanced technology.

This integration of Digital Identification with NFT technology is poised to transform the verification of ownership for valuable assets. Through this approach, assets such as luxury watches or renowned artworks that require authentication can now utilize NFTs to demonstrate ownership. These digital assets contain digitally signed information that is easily verifiable, significantly enhancing security and making duplication virtually impossible.

As the NFT market experiences exponential growth, driven by the need to combat fraud and forgery not only in the art world but across various industries, WISeKey and SEALSQ’s technology offers a robust, non-cloneable digital certificate of authenticity that is proving essential.

The Company’s method for the digital certification of authenticity of physical objects involves a sophisticated process. This includes issuing a storage device with a digital certificate containing encrypted information unique to the object. The validity of this certificate can be checked in real-time via a network computer cooperating with the storage device and a certifying authority, ensuring the highest level of security and trust.

WISeKey and SEALSQ are committed to advancing security solutions that meet the evolving needs of a digital and physically interconnected world, safeguarding the value and integrity of priceless assets across the globe.

Utilization
NFTs are distinctive digital assets that symbolize ownership or proof of authenticity of a unique item, using the revolutionary blockchain technology now gaining monumental traction in the art and collectibles domain. Unlike fungible cryptocurrencies like Bitcoin or Ethereum, NFTs are non-fungible, signifying each token's distinctness and non-interchangeable nature. Beyond digital art and collectibles, NFTs have vast potential, and can be used to tokenize assets ranging from digital artwork, music, videos, virtual real estate, in-game virtual goods, and domain names, as well as tangible assets such as real estate and luxury goods.