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Geneva/Zug – January 30, 2023: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY) is a global leader in cybersecurity, AI, blockchain and IoT, Today we announced the launch of the eTreeNFT.com Marketplace.platform to create new When fully sustainable assets–base markets for CO2 sequestrationWISeKey already operates one of the largest decentralized NFT marketplaces for the arts ecosystem. This experience and technology platform is now being extended to tree certification to implement carbon emissions compensation. This creates NFTs linked to real trees, enabling authentication and monitoring from space using WISeSats.
NFTs, or non-fungible tokens, are used to tokenize trees to compensate for their carbon footprint. This involves creating a token representing a particular tree, which can be owned, traded and tracked by a network of users.
Tokens can be used to track, verify and facilitate tree growth, allowing for accurate accounting and carbon measurement. Additionally, individuals and companies that demonstrate responsible management of trees may be rewarded for their contribution to offsetting carbon emissions. Finally, an incentive trading system can be implemented to allow users to buy and sell tokens representing specific trees, creating a marketplace where both individuals and businesses can participate in carbon offsetting.
As soon as a tree is planted, eTree NFT owners will receive an NFT with a price tag equivalent to the amount of CO2 isolated by the tree and available on the eTreeNFT.com platform. eTree NFTs can be sold on the platform or used as a carbon compensation vehicle.
WISeKey CEO Carlos Moreira said: Carbon offsets must be verified by a third party using internationally recognized standards such as the Verified Carbon Standard (VCS) or the Climate, Community and Biodiversity Standard (CCBS). Through tokenization, offset holders can track the environmental impact of their projects over time and trade their tokens on the secondary market or use them to offset their emissions. There are many blockchain-based platforms that enable the tokenization of carbon offsets. Developing a tradable market for these tokens is an important step in creating an effective global market for carbon credits, enabling more efficient pricing and wider access. “
Critics have questioned the value of NFTs on environmental issues, as tokens using blockchain technology require intense computing power, driving demand for electricity that emits greenhouse gases that warm the climate.
WISeKey dismissed that view, arguing that the protection of endangered areas far outweighs the environmental costs of trading NFTs. based on the estimate These restored ecosystems could absorb up to 200 billion tons of carbon, accounts for more than one-sixth of human carbon emissions.that’s why Global reforestation can play a key role in tackling climate changeForests are important to the health of the planet. Forests sequester carbon, regulate temperature, recharge groundwater, prevent soil erosion and protect biodiversity. Nearly half of the trees that existed on the planet had already been lost before humans began logging them to build settlements and grow food. There is no way to restore all those trees, but we know that at least a trillion trees can be restored.
The WISe.Art platform’s NFT design creates an irreversible link to a physical object, in addition to a certified and signed version of the actual digital asset, to control ownership, provenance, and future use and monetization streams. The NFTs and platforms are protected by WISeKey’s various security technologies, enabling the authentication of physical objects and digital assets in a secure end-to-end process.
WISeKey’s partnership with Green NFTs also ensures that the NFTs on the WISe.Art platform will be fully carbon neutral, compliant with upcoming ESG regulations and the desire of most collectors to protect the planet. The platform will also include permanent storage of NFTs and token rewards for auction participants, curators, and other companies and individuals contributing to the community.
eTreeNFT.com provides both a secure marketplace and platform where NFT buyers and sellers can easily connect their crypto wallets and instantly list their NFTs for purchase or sale. WISeKey has added support for Polygon and CasperLabs blockchains, significantly reducing or even eliminating gas fees for creators, buyers, and sellers in the marketplace. eTreeNFT.com is committed to cross-blockchain support, enabling a truly open data economy with support for Ethereum, Polygon, Hedera, CasperLabs, gradually adding new chains, and WISeKey acting as the primary platform. Ensuring interoperability and scalability as part of the overall strategy of the Web 3.0 revolution.
Responding to the needs of buyers and sellers of high-value commodities, the eTreeNFT.com platform has evolved into a full-fledged marketplace with the ability to include its own digital currency, curators and multipliers.
With NFT tokenization, WISeKey has filed a patent application “System and Method for Providing Permanently Authenticable NFTs” in the United States. This method increases the value of NFTs and preserves their value in the long term. For more information, see:
NFT and the eTreeNFT.com platform are protected by WISeKey’s proprietary security technology, which provides a secure end-to-end process to protect physical objects and digital assets. Smart contracts and physical contracts can be included in NFTs to describe usage rights for NFT buyers, including monetization of collections. It’s also possible that the original creator could participate in future royalties.
WISeID is a trusted identity service that enables access to web and mobile applications using strong authentication technology. WISeID is an innovative ‘hands-free’ solution based on online KYC onboarding, OTP and digital certificate login, and a QR code that can be read using her WISeID suite of mobile applications without the user entering a password. ” supports secure login.
Additional security services include digital signature services for documents. WISeID implements standards such as OpenID Connect and OAUTH2, which customers can easily integrate to enhance the security of their cloud applications. WISeID can also be combined with Microsoft Active Directory to facilitate integration with corporate applications.
Founded in 1999, WISeKey (NASDAQ: WKEY, SIX Swiss Exchange: WIHN) is currently deploying a large-scale digital identity ecosystem for people and things using blockchain, AI, and IoT. A world-leading cybersecurity company that respects humans as the fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing that forms today’s Internet of Everything. WISeKey IoT has an installed base of over 1.5 billion microchips in virtually every IoT sector (connected cars, smart cities, drones, agriculture sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens, etc.). I have. WISeKey is uniquely positioned to be at the cutting edge of IoT. Our semiconductors generate vast amounts of big data, which when analyzed with artificial intelligence (AI) can help industrial applications predict equipment failure before it happens.
Our technology is trusted by the OISTE/WISeKey Swiss-based cryptographic Root of Trust (“RoT”) for Internet of Things, blockchain and artificial intelligence secure authentication in both physical and virtual environments. and provide identification. WISeKey RoT acts as a common trust anchor, ensuring the integrity of online transactions between objects and between objects and people. For more information, see: www.wisekey.com.
Press and Investor Contacts:
WISeKey International Holding Limited
Company Contact: Carlos Moreira
Chairman and CEO
Phone: +41 22 594 3000
WISeKey Investor Relations (USA)
Contact: Lena Kati
The Equity Group Inc.
Phone: +1 212 836-9611
This communication contains, expressly or impliedly, certain forward-looking statements regarding WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, and the actual results, financial condition, performance or performance of WISeKey International Holding Limited may not be Future results, performance or achievements expressed or implied by futures may differ materially. -A look statement. WISeKey International Holding Limited is providing this communication as of this date and undertakes to update any forward-looking statements contained herein as a result of new information, future events or otherwise. It is not intended to
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offering or listing prospectus within the meaning of Section 652a or Section 1156 of the Swiss Code of Obligations. . Within the meaning of the listing rules of the SIX Swiss Exchange. Investors should rely on their own evaluation of WISeKey and its securities, including the associated merits and risks. Nothing contained herein is and is not to be relied upon as a promise or representation regarding WISeKey’s future performance.
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