Quick Take
The Hashgraph Association (THA) has made a strategic investment in WISe.ART, a subsidiary of cybersecurity, digital identity, and IoT solution leader WISeKey. Focused on accelerating the broad adoption of the Hedera network globally, THA’s investment will support the growth of the WISe.ART platform—a digital marketplace for the arts and technology sectors, with a distinguishing focus on ensuring the security and verification of artistic assets. Additionally, the investment supports the growth of SEALCOIN, a cryptocurrency created by a subsidiary of WISeKey, aimed at establishing a robust economy specifically for billions of internet-driven devices, enabling them to seamlessly exchange not just data, but also currency.
WISeKey Joins Forces with The Hashgraph Association to Boost Digital Art and Cryptocurrency Development
In a strategic move towards advancing the realms of digital art, cryptocurrency, and the Internet of Things (IoT), WISeKey International Holding Ltd. has closed a significant investment round with The Hashgraph Association (THA). The Swiss-based non-profit association is dedicated to accelerating the global adoption of the Hedera network, an innovative and sustainable public ledger designed for the decentralized economy.
WISeKey, a global leader in cybersecurity, digital identity, and IoT solutions, made this strategic investment through its subsidiary, WISe.ART, a trailblazer in the digital art and luxury collectibles space. This collaboration aims to propel the expansion and utilization of the Hedera network while also advancing the development of WISe.Art and SEALCOIN cryptocurrencies.
Hedera, often lauded for its ultra-low transaction fees, lightning-fast network speeds, high scalability, and real-time settlement capabilities, is set to play a pivotal role in the next-generation of digital finance.
SEALCOIN, developed by SEALSQ Corp, a subsidiary of WISeKey, is a digital token and advanced cryptocurrency protocol designed to create a robust economy for the countless internet-driven devices in our increasingly connected world. Beyond data exchange, SEALCOIN will facilitate seamless currency transactions for these devices.
Carlos Moreira, the Founder and CEO of WISeKey, emphasized the significance of THA’s investment, stating, “This investment from THA will accelerate the development of the WISe.ART platform V3.0 and enhance the Trusted NFT solution.” WISe.ART, a comprehensive digital marketplace for the arts and technology sectors, offers unique features such as curator and multiplier options, white-labeling, and exclusive NFT designs. It aims to establish authenticated, signed digital assets, ensuring provenance, assurance, and secure ownership.
Kamal Youssefi, President of The Hashgraph Association, mentioned, “The collaboration with WISe.ART further expands Hedera’s distributed ledger technology (DLT) to the mainstream.” Youssefi sees the partnership as an opportunity to leverage WISeKey’s commitment to authenticating physical objects to secure digital assets through advanced security technologies.
One notable aspect of this partnership is the tokenization of WISe.ART’s equity shares, complying with Swiss regulations under the Swiss DLT Act and utilizing the Hedera Token Service (HTS). This move promises to revolutionize the future of investment by enhancing the efficiency, liquidity, and security of share trading. Ultimately, WISe.ART’s tokenized equity shares will be listed on a regulated digital securities exchange.
A key highlight of this collaboration is the integration of Hedera’s enterprise-grade network into SEALSQ IoT devices, facilitating secure, decentralized currency transactions. Hedera’s decentralized, open-source, proof-of-stake distributed ledger technology, utilizing Asynchronous Byzantine Fault Tolerance (ABFT), provides a high level of security for consensus algorithms. The Hedera network is governed by a consortium of leading organizations, Web3 companies, and academic institutions.
Overall, the strategic investment round between WISeKey and The Hashgraph Association signifies a significant step towards the evolution of digital art, cryptocurrency, and IoT. With Hedera’s advanced capabilities, the future holds promise for a more secure, efficient, and widely adopted digital economy.
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