thecoinrepublic.com
• Combine the better of two processes
• WISeKey has perfected state of the art chips that will act as a bridge between physical items with NFTs
• Ocean has perfected powerful decentralized marketplace technology
WISEKey has in collaboration with Ocean Protocol, has launched a decentralized marketplace TrustedNFT.io. It will serve as a market for verifying physical artworks and thus help artists, creators, and collectors. WISEKey is a well-known cybersecurity expert also specializing in the Internet of Things and Artificial Intelligence. The latest venture will provide a trusted NFT marketplace and represent both physical works and fungible tokens.
Yahoo Finance reports that employing Ocean’s data marketplace technology in the field of physical art, WISeKey’s NFT marketplace will use the expertise of both parties. WISeKey has perfected state of the art chips, which will bridge physical items with NFTs and world-class blockchain identity technology. Similarly, Ocean has perfected powerful decentralized marketplace technology and has infinite experience in dealing with data assets.
Ensuring proper maintenance of NFT data
Yahoo Finance quoted CEO and Founder of WISeKey, Carlos Creus Moreira. They said that non-fungible tokens need to be maintained since it is the certificate of ownership of any particular object. It could be a painting or any product of value. Therefore the records must be updated regularly and must be readily available on demand. Using IO, this is done by employing several processes like the WISeKey Swiss Mountain Vault as a backup. It is linked to several hosts to ensure that the NFT’s remain online.
Ensuring better security for artwork
Buying an exclusive work of art is an art collector’s dream. However, there are pitfalls, like the art piece can get stolen or it could be counterfeit. It is beyond the reach of most art collectors to stop this; WISeKey’s employs WISeART technology to protect exclusive pieces of artwork. An aggregate of security measures like using microprocessors for authentication and blockchain technology ensures the artwork’s authenticity.