European Patent Granted for 'Back-to-Physical' NFT Tech, WISe.ART Becomes First Hardware-Authenticated Art Platform
WKEY sits 68% above its 52-week low of $4.75.
Summary
SEALSQ Corp. (LAES), a subsidiary of WISeKey (WKEY), secured a European patent for its 'Back-to-Physical' NFT technology, which embeds NFTs directly into secure semiconductor chips. This positions WISeKey's WISe.ART subsidiary as the world's first hardware-authenticated art platform. The technology creates an immutable, hardware-rooted link between digital assets and physical objects, addressing critical issues of forgery and provenance in the art market. This development follows a period of strong growth and strategic investments for WISeKey and its subsidiaries. The patent also offers post-quantum cryptographic protection and aligns with emerging European regulations for Digital Product Passports, providing a significant competitive advantage. A US patent application is pending.
At the time of this announcement, WKEY was trading at $7.97 on NASDAQ in the Technology sector, with a market capitalization of approximately $89.2M. The 52-week trading range was $4.75 to $19.80. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.