WISeKey’s WISeID Digital Identity Technology Now Allows Minting of Digital Identities NFTs in the Metaverse – Yahoo Finance

WISeKey’s WISeID Digital Identity Technology Now Allows Minting of Digital Identities NFTs in the Metaverse – Yahoo Finance

WISeKey’s WISeID Digital Identity Technology Now Allows Minting of Digital Identities NFTs in the Metaverse

With a truly NFT identity, users can create, sign and verify claims, while parties who interact with a user will be able to verify their identity. Additionally, users will be able to selectively disclose their information.

GENEVA / New York – November 2, 2021: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), leading global cybersecurity, AI, Blockchain, and IoT company, today announced that users of WISeID technology can now mint their Digital Identities as NFTs on its fully-fledged marketplace trustednft.io.

The WISeKey NFT platform is secured by WISeKey’s various security technologies enabling the authentication of digital identity based NFTs, physical objects as well as digital assets, in a safe end-to-end process. The user is in full control of its WISeID NFT and other NFTs need to request access to its identity information so WISeID NFTs users can decide by themselves what level of information they wish to share, thus keeping full control. The WISeKey approach to the Metaverse has as objective to provide safe infrastructure identity services based on blockchain technologies for a wide range of users, including individuals, corporations and government institutions. As our digital lives become increasingly digitalized, Metaverse will leverage the advantages of the internet to establish a virtual world for its users. Businesses and communities will depend on users’ digital identities to manage assets.

WISeKey has joined forces with Polygon to offer Trusted NFTs solutions. Polygon is a platform for Ethereum scaling and infrastructure development, as well as for networking Ethereum-compatible blockchains. Polygon has become the blockchain of choice for NFTs, NFT marketplaces, and blockchain games. Its ultra-low transaction fees and sustainable Proof-of-Stake (PoS) consensus mechanism makes Polygon a more practical option for activities such as minting and trading NFTs.

The WISeKey WISeID NFTs minting process requires someone like Polygon, whose ultra-low transaction fees and PoS consensus mechanism are essential in meeting the demands of WISeKey’s cybersecurity.

WISeID first generation acted as a trusted identity service that enables access to the web and mobile applications with strong …….

Source: https://finance.yahoo.com/news/wisekey-wiseid-digital-identity-technology-170000847.html

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