arago, a WISekey business signs a $5 million placement of TrusteCoin TVN token with ivsonomy
This agreement represents the first phase of the presale by TrusteCoin with mevsonomy. the second round of presale will closee before the launch of the platform in July 4, 2021.
Switzerland / Germany – June 1, 2021 – WISeKey International Holding Ltd (NASDAQ: WKEY; SIX: WIHN), a leading cybersecurity, IoT and AI company, today announced that arago (a WISekey company acquired a controlling stake in early 2021), signed a $ 5 million placement of its TrusteCoin token with iconomy, a German consultancy with a tailor-made portfolio to support businesses, businesses , communities and investors in the Internet economy. This deal represents TrusteCoin’s first round of presales with iconomy, while the second round will be offered ahead of the platform’s launch on July 4, 2021.
TrusteCoin offers collectors, owners and experts in the art and luxury goods community a way to add revenue streams to their already existing collections and also allows crypto investors to participate in a strong and well-known market. . TrusteCoin’s goal is to become one of the biggest names in the DeFi space, providing a platform that offers anyone the opportunity to make a profit by creating trusted NFTs on the WISe platform. ART.
The WISe.ART platform creates an ecosystem of white label marketplaces, promoting special pieces for high value luxury collectibles and works of art. The WISe.ART platform taps into the Etherium ecosystem for liquidity and rapid deployment and uses advanced platforms from CasperLabs and Ocean Protocol to enable permanent storage and strong market logic against fluctuations in value during auction of high value coins.
To enable a good KYC (Know Your Customer) while maintaining the anonymity and exclusivity of the platform, the technology stack is built around TrusteCoin. This payment method, which will be used for all transactions in the WISe.ART ecosystem, guarantees the processes necessary for KYC while allowing market players to remain anonymous at their convenience. While the unique way to strike NFTs on the WISe.ART platform still including the digital asset itself, proof of integrity and provenance as well as contracts to define owner rights, the platform WISe.ART creates the only market where NFTs are real. usable digital twins and the TrusteCoin is the entry point into this ecosystem.
“TrusteCoin is a unique approach to solving exclusivity and KYC on an NFT platform, which is why we are very committed to this project,” said Simon Schwerin, partner at iconomy and responsible for its crypto practice.
The entire ecosystem around WISe.ART and TrusteCoin allows brands, artists, fans, curators, owners, potential clients and liquidity providers investing in digital assets to interact and develop on a secure platform, digital and scalable. At the same time, the platform guarantees rigorous traceability of provenance, authenticity, anti-counterfeiting and money laundering and can strongly link the digital and physical world by integrating the chip technology of physical secure element of WISeKey in real objects. WISeKey and arago are unique in providing highly secure integration of physical objects and their digital twins created in NFTs.
“With the unique strengths of WISeKey, we were able to build an end-to-end technology stack that makes NFTs real things and not just something anyone can do from anything,” said Chris Boos, CTO of WISeKey. “And with the TrusteToken, we are making this part of the crypto universe an open and tradable medium. This is a first and we are very proud of it.
Founded in mid-2017, iconomy is a Berlin and Munich-based consulting firm with a tailor-made portfolio to support businesses, businesses, communities and investors in the internet economy. iconomy was born out of a leading Berlin-based think tank and its work on behalf of unique startups and the wider tech ecosystem. That’s why his team always challenges the status quo and is passionate about giving the most innovative technology leaders a chance to claim their share of the global internet economy. With its hands-on approach, established networks and diverse team, iconomy supports some of the most promising and innovative teams, products and technologies and helps them find their way into the marketplace, tell their story, take making the right decisions and finding the right partners. in their most important and critical moments for the business – from fundraising to strategic business development; from political support to community strengthening. Iconomy’s work spans multiple verticals with a particular passion for crypto, fintech, healthcare technology, virtual reality and augmented reality, privacy, and AI.
arago GmbH, Frankfurt am Main (AG Frankfurt, HRB 100909), a German technology company, acquired by WISeKey in early 2021, provides artificial intelligence services to corporate clients worldwide through knowledge automation. Founded in 1995, the company develops and uses modern technologies such as inference and machine learning to automatically operate any business process.
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, IA and IoT while respecting humans as the backbone of the Internet. WISeKey microprocessors secure the ubiquitous 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, cell phones, 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 the failure of their equipment before it occurs.
Our technology is trusted by OISTE / WISeKey’s Switzerland-based Cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in physical and virtual environments, for Internet of Things, blockchain and l ‘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.
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