Wisekey Internat Stock Price, News & Analysis

WISeKey has announced advancements in its cybersecurity and identity management technology aimed at securing NFTs. The WISe.Art platform establishes an irreversible link between physical objects and authenticated digital assets, ensuring proof of ownership and smart contracts for future use. With a marketplace supported by a digital currency, WISeKey collaborates with Polygon to provide Trusted NFTs solutions. The platform includes robust KYC processes and implements WISeID for secure identity verification, further enhancing its offering in the NFT space.

WISeKey reported preliminary 9-month results for 2021, showing a revenue increase of 34% to $15.4 million compared to the same period in 2020. The company's cash reserves stand at $33.7 million, highlighting a robust financial position. Major investments were made in R&D and new microchip designs. WISeKey's WISe.ART NFT platform is focused on the luxury and collectible markets, tapping into a growing NFT sector. Additionally, the company aims to expand its AI and IoT initiatives while ensuring cost management and strategic acquisitions for growth.

WISeKey International Holding Ltd (SIX: WIHN) has announced the operational launch of the Trust Protocol Association aimed at creating a new Trust Protocol for the Internet. This initiative combines traditional cryptographic trust models with permissioned blockchain technology, enhancing security and authentication. WISeKey emphasizes decentralization, allowing users to manage trust without a third-party intermediary. Their innovative WISe.Art NFT platform supports multichain integration and facilitates the exchange of digital assets while ensuring security through its proprietary technologies.

WISeKey International Holding announced the launch of NanoSealRT, a new NFC secure element that integrates NFT technology, enhancing IoT device authentication. This innovation allows physical objects to create NFTs and utilize WISeID digital identity, ensuring strong authentication and secure transactions. The technology addresses FAA Remote ID regulations for drones, ensuring compliance. Collaborations with Ocean Protocol for a TrustedNFT.io marketplace and Scaleswap for the IDO launch of WISe.Art underline its commitment to digital identity ecosystems.

WISeKey International Holding Ltd (WKEY) announced a partnership with OISTE.ORG Foundation to enter the humanitarian NFT sector through the TrustedNFT.IO platform. This collaboration aims to promote humanitarian causes and is backed by OISTE's consultative status with the UN. The foundation supports global human rights and sustainable development initiatives. With this move, WISeKey expands its footprint in the blockchain and digital identity sectors, leveraging its expertise in cybersecurity and IoT.

WISeKey International Holding Ltd (NASDAQ: WKEY) has joined over 50 organizations in signing the Multistakeholder Manifesto on Cybercrime, aiming to influence UN negotiations on a new cybercrime treaty. This initiative emphasizes human-centric equities and aims to ensure that the treaty does not undermine existing frameworks or the open internet. The manifesto advocates for transparency in negotiations, consensus-driven decision-making, and a focus on protecting victims of cybercrime. The UN's cybercrime treaty negotiations are set to begin in January 2022.

WISeKey has partnered with The Chinese Museum of Finance to auction a historical Jiaozi NFT, representing the world's first government-issued paper currency from 1024. This initiative, part of the WISe.ART NFT platform, aims to promote financial heritage through digital innovation. A total of 10,000 NFTs will be issued, with a focus on collectors and institutions. The auction signifies WISeKey's expansion into the Chinese market and aims to enhance the cultural significance of financial history.

WISeKey reported its H1 2021 results, showcasing a 24% increase in revenue to $9.9 million compared to H1 2020's $8.0 million. The company holds strong cash reserves of $38.6 million, facilitating investments in AIoT and the newly launched WISe.Art NFT platform, responding to growing demand for its Trusted NFT solution. Despite facing challenges from the COVID-19 pandemic and supply chain disruptions, WISeKey remains optimistic, supported by a solid revenue pipeline of over $250 million projected for 2022-2027.

WISeKey has partnered with Scaleswap and Polygon for the IDO launch of its WISe.Art platform TrusteCoin, set for November 2021. This collaboration leverages Scaleswap's Ethereum Layer 2 scaling for improved user experience. The partnership aims to enhance community building and offer scalable NFT solutions. WISeKey is set to create high-value NFTs, including exclusive collectibles. TrusteCoin will provide governance and utility within the ecosystem, facilitating KYC processes while ensuring anonymity for users.