WISeKey Launches eTreeNFT.com Connecting Trees, NFTs and

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WISeKey Launch­es eTreeN­FT.com Con­nect­ing Trees, NFTs and Cryp­to on a Unique Oppor­tu­ni­ty for Cre­at­ing New and Total­ly Sustain­able
Asset-Based Markets for Seques­ter­ing CO2

Each eTree NFT plants one real tree & sequesters car­bon to regen­er­ate a real farm.  Trees are tagged and dig­i­tally signed with WISeKey Semi­con­duc­tors and mon­i­tored via WISeSat.Space low orbit satellites

        

GENEVA / Zug – Jan­u­ary 30, 2023: WISeKey Inter­na­tion­al Hold­ing Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), lead­ing glob­al cyber­se­cu­ri­ty, AI, Blockchain, and IoT com­pa­ny today announces the launch of its eTreeNFT.com mar­ket­place plat­form for cre­at­ing new and total­ly sus­tain­able asset-based markets for seques­ter­ing CO2. WISeKey is already oper­at­ing one of the largest decen­tral­ized NFT Mar­ket­place for arts ecosys­tem. This expe­ri­ence and tech­no­log­i­cal plat­form is now extend­ed to the cer­ti­fi­ca­tion of trees in order to per­form car­bon emis­sion com­pen­sa­tion, which cre­ates NFTs linked to real trees and allows the cer­ti­fi­ca­tion and mon­i­tor­ing from space using WISeSats.

NFTs, or non-fun­gi­ble tokens, are used to tok­enize trees to com­pen­sate for car­bon diox­ide emis­sions. This would involve the cre­ation of a token rep­re­sent­ing a spe­cif­ic tree, which could then be owned, trad­ed and tracked by a net­work of users. 

The token could be used to track, ver­i­fy and pro­mote the growth of the trees, allow­ing for accu­rate account­ing and car­bon mea­sure­ments. Addi­tion­al­ly, indi­vid­u­als and busi­ness­es that demon­strate respon­si­ble stew­ard­ship of their trees could be reward­ed for their con­tri­bu­tions to off­set­ting car­bon emis­sions. Final­ly, an incen­tivized trad­ing sys­tem could 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, the own­er of the eTree NFT receives an NFT with a price tag equiv­a­lent to the amount of CO2 sequestered by the tree and avail­able on the eTreeNFT.com plat­form. The eTree NFTs can be sold on the plat­form or used as a car­bon com­pen­sa­tion method.

Car­los Mor­eira, CEO of WISeKey not­ed, “Tok­eniza­tion of trees to sequester CO2 involves issu­ing trad­able secu­ri­ties (e.g. tokens) that rep­re­sent own­er­ship of a car­bon off­set derived from a spe­cif­ic project such as refor­esta­tion, improved land man­age­ment or avoid­ed land clear­ance. The car­bon off­set should be third-par­ty ver­i­fied using inter­na­tion­al­ly rec­og­nized stan­dards such as the Ver­i­fied Car­bon Stan­dard (VCS) or the Cli­mate, Com­mu­ni­ty and Bio­di­ver­si­ty Stan­dard (CCBS). Through tok­eniza­tion, the off­set own­er is able to track the envi­ron­men­tal impacts of the project over time and trade the token on sec­ondary mar­kets or use it to off­set emis­sions. There are a num­ber of blockchain-based plat­forms which enable the tok­eniza­tion of car­bon off­sets. The devel­op­ment of trad­able mar­kets for these tokens is an impor­tant step in help­ing cre­ate an effec­tive glob­al mar­ket in car­bon cred­its and enable more effi­cient pric­ing and wider access.”

Crit­ics have ques­tioned the val­ue of NFTs for envi­ron­men­tal caus­es because tokens using blockchain tech­nol­o­gy require intense com­put­ing pow­er, dri­ving up demand for elec­tric­i­ty gen­er­a­tion that releas­es cli­mate-warm­ing green­house gases.

WISeKey dis­missed that view, argu­ing that preser­va­tion of threat­ened areas far out­weighs the envi­ron­men­tal cost of NFT trans­ac­tions. Based on esti­mates, these restored ecosys­tems could cap­ture up to 200 bil­lion tons of car­bon, account­ing for over one-sixth of human car­bon emis­sions. That is why tree plant­i­ng at a glob­al scale can play an impor­tant role in tack­ling cli­mate change. Forests are crit­i­cal to the health of our plan­et: they sequester car­bon, they reg­u­late tem­per­a­tures, they recharge ground­wa­ter, they pre­vent soil ero­sion and they con­serve bio­di­ver­si­ty. We have already lost near­ly half of the trees that used to exist on Earth before humans start­ed tak­ing them down to build set­tle­ments and grow food. Even though there is no way to bring back all those trees, we know now that at least 1 tril­lion can be restored

The NFT design of the WISe.Art plat­form ensures that besides an authen­ti­cat­ed and signed ver­sion of the actu­al dig­i­tal asset, an irre­versible link to a phys­i­cal object is cre­at­ed, in addi­tion to proof of own­er­ship, prove­nance and a set of con­tracts describ­ing future use and mon­e­ti­za­tion streams. The NFTs and plat­form are secured by WISeKey’s var­i­ous secu­ri­ty tech­nol­o­gy enabling the authen­ti­ca­tion of phys­i­cal objects as well as dig­i­tal assets in a safe end-to-end process.

WISeKey’s part­ner­ship with Green NFT also ensures that NFTs on the WISe.Art plat­form are ful­ly car­bon neu­tral to com­ply with upcom­ing ESG reg­u­la­tions and the desire of most col­lec­tors to pro­tect the plan­et.  The plat­form also includes per­ma­nent stor­age of the NFTs and as well as token rewards for par­tic­i­pants in auc­tions, cura­tors and oth­er com­pa­nies or indi­vid­u­als that con­tribute to the community.

eTreeNFT.com pro­vides both a secure mar­ket­place and plat­form where NFT buy­ers and sell­ers can eas­i­ly con­nect their cryp­to wal­lets to instant­ly pur­chase or list their NFTs for sale. WISeKey has added the sup­port of Poly­gon and Casper­Labs blockchains, dras­ti­cal­ly reduc­ing and even elim­i­nat­ing gas fees for cre­ators, buy­ers and sell­ers on the mar­ket­place. eTreeNFT.com is work­ing on cross-blockchain sup­port, enabling a tru­ly open data econ­o­my with the sup­port of Ethereum, Poly­gon, Hed­era and Casper­Labs to grad­u­al­ly add new chains and ensure inter­op­er­abil­i­ty and scal­a­bil­i­ty as part of WISeKey’s over­all strat­e­gy to act as a lead­ing plat­form of the Web3.0 revolution.

Respond­ing to the needs of buy­ers and sell­ers of high-val­ue goods, the eTreeNFT.com plat­form is devel­op­ing into a ful­ly-fledged mar­ket­place with its own dig­i­tal cur­ren­cy, the abil­i­ty to include cura­tors and multipliers. 

The NFT tok­eniza­tion uses the WISeKey reg­is­tered patent appli­ca­tion “Sys­tem and Method for Pro­vid­ing Per­sis­tent Authen­ti­cat­able NFT” in the USA. With this method, NFTs have increased in val­ue and will hold their val­ue for a  long-term. For more infor­ma­tion vis­it:  https://www.wisekey.com/press/wisekey-files-patent-application-for-persistent-and-authenticatable-nfts/

NFTs and the eTreeNFT.com plat­form are secured by WISeKey’s own secu­ri­ty tech­nol­o­gy enabling the pro­tec­tion of phys­i­cal objects as well as dig­i­tal assets in a safe end-to-end process. Smart con­tracts and phys­i­cal con­tracts can be includ­ed in the NFTs to describe the usage rights of the NFT buy­er, includ­ing mon­e­ti­za­tion of their col­lec­tion. It also allows the orig­i­nal cre­ator to poten­tial­ly par­tic­i­pate in future royalties. 

WISeID is a trust­ed iden­ti­ty ser­vice that enables access to the web and mobile appli­ca­tions with strong authen­ti­ca­tion tech­niques. WISeID sup­ports online KYC onboard­ing, OTP and dig­i­tal cer­tifi­cate login, and an inno­v­a­tive “hands-free” secure login based on QR-Codes which users can read using WISeID suite of mobile appli­ca­tions with­out even hav­ing to type any passwords.

Addi­tion­al secu­ri­ty ser­vices include dig­i­tal sig­na­ture ser­vices for doc­u­ments. WISeID imple­ments stan­dards such as OpenID Con­nect and OAUTH2, that can be eas­i­ly inte­grat­ed by cus­tomers to enhance the secu­ri­ty of their cloud appli­ca­tions. WISeID can also be com­bined with Microsoft Active Direc­to­ry, facil­i­tat­ing inte­gra­tion with cor­po­rate applications.

About WISeKey

WISeKey, found­ed in 1999 (NASDAQ: WKEY; SIX Swiss Exchange: WIHN), is a lead­ing glob­al cyber­se­cu­ri­ty com­pa­ny cur­rent­ly deploy­ing large scale dig­i­tal iden­ti­ty ecosys­tems for peo­ple and objects using Blockchain, AI and IoT respect­ing the Human as the Ful­crum of the Inter­net. WISeKey micro­proces­sors secure the per­va­sive com­put­ing shap­ing today’s Inter­net of Every­thing. WISeKey IoT has an install base of over 1.5 bil­lion microchips in vir­tu­al­ly all IoT sec­tors (con­nect­ed cars, smart cities, drones, agri­cul­tur­al sen­sors, anti-coun­ter­feit­ing, smart light­ing, servers, com­put­ers, mobile phones, cryp­to tokens etc.). WISeKey is unique­ly posi­tioned to be at the edge of IoT as our semi­con­duc­tors pro­duce a huge amount of Big Data that, when ana­lyzed with Arti­fi­cial Intel­li­gence (AI), can help indus­tri­al appli­ca­tions to pre­dict the fail­ure of their equip­ment before it happens.

Our tech­nol­o­gy is Trust­ed by the OISTE/WISeKey’s Swiss based cryp­to­graph­ic Root of Trust (“RoT”) pro­vides secure authen­ti­ca­tion and iden­ti­fi­ca­tion, in both phys­i­cal and vir­tu­al envi­ron­ments, for the Inter­net of Things, Blockchain and Arti­fi­cial Intel­li­gence. The WISeKey RoT serves as a com­mon trust anchor to ensure the integri­ty of online trans­ac­tions among objects and between objects and peo­ple. For more infor­ma­tion, vis­it www.wisekey.com.

Press and investor con­tacts:
WISeKey Inter­na­tion­al Hold­ing Ltd
Com­pa­ny Con­tact: Car­los Mor­eira
Chair­man & CEO
Tel: +41 22 594 3000
info@wisekey.com

WISeKey Investor Rela­tions (US)
Con­tact: Lena Cati
The Equi­ty Group Inc.
Tel: +1 212 836‑9611
lcati@equityny.com

Dis­claimer:
This com­mu­ni­ca­tion express­ly or implic­it­ly con­tains cer­tain for­ward-look­ing state­ments con­cern­ing WISeKey Inter­na­tion­al Hold­ing Ltd and its busi­ness. Such state­ments involve cer­tain known and unknown risks, uncer­tain­ties and oth­er fac­tors, which could cause the actu­al results, finan­cial con­di­tion, per­for­mance or achieve­ments of WISeKey Inter­na­tion­al Hold­ing Ltd to be mate­ri­al­ly dif­fer­ent from any future results, per­for­mance or achieve­ments expressed or implied by such for­ward-look­ing state­ments. WISeKey Inter­na­tion­al Hold­ing Ltd is pro­vid­ing this com­mu­ni­ca­tion as of this date and does not under­take to update any for­ward-look­ing state­ments con­tained here­in as a result of new infor­ma­tion, future events or otherwise.

This press release does not con­sti­tute an offer to sell, or a solic­i­ta­tion of an offer to buy, any secu­ri­ties, and it does not con­sti­tute an offer­ing prospec­tus with­in the mean­ing of arti­cle 652a or arti­cle 1156 of the Swiss Code of Oblig­a­tions or a list­ing prospec­tus with­in the mean­ing of the list­ing rules of the SIX Swiss Exchange. Investors must rely on their own eval­u­a­tion of WISeKey and its secu­ri­ties, includ­ing the mer­its and risks involved. Noth­ing con­tained here­in is, or shall be relied on as, a promise or rep­re­sen­ta­tion as to the future per­for­mance of WISeKey.

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