Wisekey Internat Stock Price, News & Analysis

WISeKey has expanded its WISe.ART NFT Marketplace by adding a new collection from Spanish artist Pedro Sandoval, following a successful sale of one of his works for EURO 170,000. The platform now supports multiple blockchains, including Ethereum, Polygon, and CasperLabs, enhancing interoperability and scalability. WISe.ART aims to establish itself as a leader in the Web3.0 space and facilitate connections between NFT buyers and sellers through a secure platform.

WISeKey launched its upgraded WISeID Cloud Storage service at the Mobile World Congress. This service allows users to securely store and share confidential documents in the cloud, based in Switzerland and the EU. The upgraded cloud storage aims to enhance digital security and data sovereignty, aligning with EU initiatives to reduce reliance on non-European technology. The service is compliant with the EU New Data and Cloud Alliance, emphasizing WISeKey's commitment to digital sovereignty and secure cloud solutions.

WISeKey has appointed David Khalifa as Vice-President of Global Sales, effective immediately. With over 30 years of experience in the semiconductor industry, Khalifa previously held leadership roles at major companies such as STMicroelectronics and NXP. His expertise in sales and marketing will support WISeKey's global expansion strategy, particularly in the cybersecurity and IoT sectors. CEO Carlos Moreira highlighted Khalifa's ability to drive profitable growth across diverse markets. Khalifa expressed enthusiasm for contributing to the company's growth and seizing market opportunities.

WISeKey International Holding Ltd (NASDAQ: WKEY) announced the successful sale of a unique NFT titled 'Mona Lisa, Marilyn with Cheetas,' created by artist Pedro Sandoval, in collaboration with Duran Subastas. The sale, which included both the NFT and physical art, fetched euros 170,000. This transaction showcases WISeKey's expertise in NFTs, emphasizing their WISe.ART platform that ensures the provenance and authenticity of digital assets through blockchain technology. WISeKey also filed a new patent for enhanced NFT minting to preserve its integrity.

WISeKey International Holding will showcase its VaultIC semiconductors at the Mobile World Congress (February 28 - March 3, 2022), promoting the European Chips Act. These semiconductors provide digital security and cryptographic functions essential for IoT devices. WISeKey will also generate the first NFT from space during the event, enabled by its WISeSat satellite constellation. This breakthrough allows secure IoT device authentication, optimizing productivity across various industries.

WISeKey has partnered with Madrid-based auction house Duran Subastas to mint a unique NFT of Pedro Sandoval's artwork titled Mona Lisa, Marilyn with Cheetas. The auction is scheduled for February 23, 2022, at 5 pm in Madrid, with registrations open until February 22. The NFT will be inscribed on the blockchain, ensuring authenticity. This collaboration marks a significant move by WISeKey to expand its WISe.ART platform, enhancing its NFT inventory including conventional and digital art.

WISeKey International Holding (NASDAQ: WKEY) has announced advancements in their semiconductor technology, enabling secure authentication and verification for IoT devices. The company reported a substantial backlog of $39 million in purchase orders as of 2021, with an average of $1.3 million in new orders weekly. Their unique WISeID Digital Identity enhances object tracking and data verification, addressing regulatory requirements like the FAA’s Remote ID. The firm aims to convert this backlog into revenue in 2022 despite ongoing semiconductor shortages.

WISeKey International Holding Ltd. (NASDAQ: WKEY) has partnered with Crypto Art Island to host Europe’s first NFT art fair from April 29 to May 4, 2022, in Gibraltar. The event will feature pioneering NFT art and will be held at Xapo Bank, showcasing notable crypto artists like Javier Arrés and Gala Mirissa. WISe.ART, an entrusted NFT platform, will facilitate auctions of digital art, leveraging WISeKey's advanced security technologies. This collaboration positions WISeKey at the forefront of the NFT movement, promoting a hybrid physical and digital art experience.

WISeKey supports the European Chips Act, enhancing EU chip production and reducing reliance on non-EU sources. The company, a top-20 EU semiconductor firm, manufactures security chips vital for privacy and data sovereignty, notably in drones and satellite communications. Europe's aim to increase its semiconductor market share from 10% to 20% by 2030 is backed by significant investments. Despite a global semiconductor shortage affecting industries, WISeKey is actively negotiating with suppliers and diversifying sourcing to maintain service quality.