WISeKey Launches eTreeNFT.com Connecting Trees, NFTs and Crypto on a Unique Opportunity to Create New Fully Sustainable Asset-Based Markets for CO2 Sequestration
WISeKey Launce eJreeNFT.com Connecting trees, NFTs and crypto to a youfuck Oopportunity for Create NOTuh and Ttotally Ssustainable
Aset–Bassed Mmarkets For Sequestrian CO2
Each eTree NFT plants a real tree and sequesters carbon to regenerate a real farm. The trees are labeled and digitallily signed with WISeKey Semiconductors and monitored via WISeSat.Space satellites in low orbit
GENEVA / Zug – January 30, 2023: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, AI, Blockchain and IoT, today announces the launch of its eTreeNFT.com marketplace platform Creation New and totally sustainable asset–based Markis to CO2 sequestration. WISeKey already operates one of the largest decentralized NFT marketplace ecosystems for the arts. This experience and technology platform is now being extended to tree certification to perform carbon offsetting, creating NFTs tied to real trees and enabling certification and monitoring from space at home. help from WISeSats.
NFTs, or non-fungible tokens, are used to tokenize trees to offset carbon dioxide emissions. This would involve creating 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 tree growth, enabling accurate carbon accounting and measurements. In addition, individuals and companies that demonstrate responsible management of their trees could be rewarded for their contribution to offsetting carbon emissions. Finally, an incentive trading system could be set up to allow users to buy and sell tokens representing specific trees, creating a marketplace where 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 equivalent to the amount of CO2 sequestered by the tree and available on the eTreeNFT.com platform. eTree NFTs can be sold on the platform or used as a method of carbon offsetting.
Carlos Moreira, CEO of WISeKey, said, “Tree tokenization to sequester CO2 involves the issuance of 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 clearing. The carbon offset 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, the offset owner is able to track the environmental impacts of the project over time and trade the token in secondary markets or use it to offset emissions. There are a number of blockchain-based platforms that enable the tokenization of carbon offsets. Developing tradable markets for these tokens is an important step to help create an efficient global market for carbon credits and enable more efficient pricing and broader access.
Critics have questioned the value of NFTs for environmental causes, as tokens using blockchain technology require intense computing power, increasing demand for electricity generation that releases warming greenhouse gases. the climate.
WISeKey rejected this view, arguing that preserving endangered 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 more than a sixth of human carbon emissions. That is why planting trees globally can play an important role in the fight against climate change. Forests are essential to the health of our planet: they sequester carbon, they regulate temperatures, they recharge groundwater, they prevent soil erosion and they preserve biodiversity. We have already lost nearly half of the trees that existed on Earth before humans started cutting them down to build settlements and grow food. Even though there’s no way to bring all those trees back, we now know that at least 1 trillion can be restored.
The NFT design of the WISe.Art platform ensures that in addition to 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 outlining future use and monetization streams. The NFTs and the platform are secured by WISeKey’s various security technologies allowing the authentication of physical objects as well as digital assets in an end-to-end secure 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 most collectors’ desire to protect the planet. The platform also includes permanent storage of NFTs as well as token rewards for auction participants, curators, and other businesses or individuals who 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 buy or list their NFTs for sale. WISeKey has added support for Polygon and CasperLabs blockchains, dramatically reducing and even eliminating gas fees for creators, buyers, and sellers in the marketplace. eTreeNFT.com is working on cross blockchain support, enabling a true open data economy with support from 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 the leading platform of the Web3.0 revolution.
Responding to the needs of buyers and sellers of high-value goods, the eTreeNFT.com platform is transforming into a full-fledged market with its own digital currency, the ability to include conservatives and multipliers.
NFT tokenization uses the WISeKey has filed a “System and Method for Providing Authenticable Persistent NFT” patent application in the United States. With this method, NFTs have increased in value and will retain their value in the long run. 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 allowing the protection of physical objects as well as digital assets in an end-to-end secure process. Both smart contracts and physical contracts can be included in NFTs to describe the use rights of the NFT buyer, including the monetization of their collection. It also allows the original creator to potentially participate in future royalties.
WISeID is a trusted identity service that provides access to web and mobile applications with strong authentication techniques. WISeID supports online KYC integration, OTP and digital certificate login, as well as an innovative “hands-free” secure login based on QR codes that users can read using the software suite. WISeID mobile applications without even having to enter a password.
Additional security services include digital signature services for documents. WISeID implements standards such as OpenID Connect and OAUTH2, which can be easily integrated by customers to improve the security of their cloud applications. WISeID can also be combined with Microsoft Active Directory, facilitating integration with enterprise applications.
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 things using Blockchain , AI and IoT while respecting the human as the pivot of the Internet. WISeKey microprocessors secure the pervasive computing that shapes today’s Internet of Everything. WISeKey IoT has an installed 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, phones laptops, cryptographic tokens, etc.). WISeKey is uniquely positioned to be at the forefront of IoT, as our semiconductors produce an enormous amount of big data that, when analyzed with artificial intelligence (AI), can help industrial applications predict failure of their equipment before it occurs.
Our technology is endorsed by the Swiss-based cryptographic root of trust (“RoT”) of OISTE/WISeKey which provides secure authentication and identification, in 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 between 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
Tel: +41 22 594 3000
WISeKey Investor Relations (USA)
Contact: Lena Cati
Equity Group Inc.
Tel: +1 212 836-9611
This communication expressly or implicitly contains certain forward-looking statements regarding 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 these statements. – look at the 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 securities, nor an offer prospectus within the meaning of article 652a or article 1156 of the Code of Obligations, nor a listing prospectus. within the meaning of the listing rules of the SIX Swiss Exchange. Investors should rely on their own assessment of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is or should be taken as a promise or representation as to the future performance of WISeKey.
#WISeKey #Launches #eTreeNFTcom #Connecting #Trees #NFTs #Crypto #Unique #Opportunity #Create #Fully #Sustainable #AssetBased #Markets #CO2 #Sequestration #crypto strategy