WISE.Art in cooperation with Duran Subastas has sold the secured by @WISeKey #NFT of Mona Lisa, Marilyn with Cheetas combined with physical art by artist Pedro Sandoval for 170,000 euros
WISE.Art in cooperation with Duran Subastas sold the secured by @WISeKey #NFT of Mona Lisa, Marilyn with Cheetas combined with physical art by artist Pedro Sandoval for 170,000 euro
the to sell benefited from an entrusted NFT struck on the WISE.ART platform to be registered on the blockchain.
GENEVA – MADRID – February 23, 2022: WISeKey International Holding Ltd. (“WISeKey”) (NASDAQ: WKEY / SIX Swiss Exchange: WIHN), a global leader in Cybersecurity, AI, Blockchain and IoT, proudly announced today its successful collaboration with Duran Subastas , a Madrid-based auction house for the sale of the unique work titled Mona Lisa, Marilyn with Cheetas by artist Pedro Sandoval. The auction ended with a €170,000 sale of the NFT plus the physical art.
The sale benefited from an entrusted NFT struck on the WISe.ART platform to be registered on the blockchain.
Pedro Sandoval has gone through different phases throughout his career. He has been painting since childhood and after being promoted by Sofía Ímber, founder of the Museum of Contemporary Art in Caracas, he studied in New York and Geneva. His early works were framed in figurative art, but after he was kidnapped from his country and spent 90 days hiding in the jungle, he took a drastic turn in his work and turned to abstract art. “I had a hard time getting back to work. The experience was so difficult that I needed to escape from reality for a while,” Sandoval said. From abstraction he moved on to video. Some of his short video art, in which he recreates the lives of artists such as Van Gogh or Magritte, have been acquired by museums such as the Tate Gallery and the Louvre, to be exhibited on giant screens. Now, Pedro Sandoval belongs to the new generation of NFT creators. His thing, he says, is the metaverse. And, precisely for this digital paradise, he has prepared a collection of digital watches.
Since the beginning of this year, WISe.ART has been expanding its NFT inventory with conventional art, contemporary art, photography, digital art and videos as well as high-end collectibles. Buyers of these items benefit from WISeKey’s NFT WISe.ART platform which provides an authenticated and signed version of the actual digital asset. If applicable, an irreversible link to the physical object is created, certifying proof of ownership, provenance and a set of contracts describing future usage and monetization flows (Smart Contract).
Additionally, WISe.ART enables brands to include dedicated sections of the WISe.Art platform within their own ecosystems and websites to securely auction, trade and display high-value collectible NFTs, a digital world brand building alternative.
WISeKey also announced the filing of a new patent application that guarantees the provenance, authenticity, persistence and long-term value of NFTs that are minted on Blockchains using this method. During the typing process, this method ensures that the NFT is not corrupted, incomplete or ambiguous.
On WISeKey
WISeKey (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 the IoT by respecting the human being 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 1.6 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 which, 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
[email protected]
WISe.ART Artistic Director: @Sixtine Crutchfield
WISeKey Investor Relations (USA)
Lena Cati
Equity Group Inc.
Tel: +1 212 836-9611
[email protected]
Warning:
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 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 securities and does not constitute an offer prospectus within the meaning of article 652a or article 1156 of the French 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 relied upon as a promise or representation as to the future performance of WISeKey.
