Ocean Protocol to power WISeKey’s TrustedNFT.IO, a Web3 NFT marketplace for physical art
TrustedNFT.IO go empower artists, creators, and collectors with a unique solution to the authentication of physical artworks
Ocean Protocol dey collaborate with WISeKey to launch TrustedNFT.io, a decentralized marketplace for physical paintings, sculptures, luxury watches, and other objects of value. The trusted NFT marketplace go include non-fungible tokens (NFTs) to represent the physical work, combined with fungible tokens for more fluid price discovery and to fit stake on physical works.
By deploying Ocean’s data marketplace technology to the domain of physical art, WISeKey’s NFT marketplace go combine the strengths of both parties. WISeKey don develop specialized chips to link physical items with NFTs, and world-class blockchain identity technology. Ocean don develop powerful decentralized marketplace technology, with a track record inside the domain of data assets.
We dey thrilled to help WISeKey launch its marketplace for physical authenticated works of art. Before Ocean, our team build ascribe.io, wey be the world’s first blockchain-secured art platform. TrustedNFT.io go be one of the first use cases of our upcoming Ocean v4 release. The starting point na Ocean v3 ERC20 Fungible Tokens with AMMs to publish, stake and swap intellectual property licenses against base IP. V4 dey extend this to represent base IP as ERC721 Non-Fungible Tokens, wey go enable tokenization of real-world objects.
– Trent McConaghy, Founder of Ocean Protocol.
To purchase an exclusive piece of art na important milestone in a collector’s life, but this purchas don come with concerns sey the work fit dey stolen, sey the art itself fit no be an original, or sey its provenance fit no dey verifiable. While most high-end art collectors dey find am difficult to stop such acts, WISeKey’s WISeART technology don take steps to protect exclusive pieces of artwork. E go combine authentication microprocessors with identity blockchain technology, which, together with on-the-ground measures, fit ensure the authenticity of the artwork.
Moreover, if the art dey stolen, e fit dey traced, wey make am difficult to dey traded on the secondary market. This control dey made possible because each artwork’s identity dey stored on a blockchain in the implemented system.
Like paintings or sculptures, NFTs need to dey properly maintained. After all, an NFT na a record of provenance, not be the artwork itself, so e dey essential sey the records dey up to date and always available. TrustedNFT.IO dey deploy a number of mechanism to provide this — for example, we dey use our WISeKey Swiss Mountain Vault as a backup, wey dey connected to a multitude of hosts to ensure sey that NFTs remain online.
– Carlos Creus Moreira, CEO and Founder of WISeKey.
To learn more, watch the recent WISeKey webinar on TrustedNFT.io, featuring speakers from Ocean Protocol and WISeKey.
About Ocean Protocol
Ocean Protocol’s mission na to kickstart a Web3 Data Economy wey reach the world, wey give power back to data owners and enabling people to capture value from data to better our world.
Data is a new asset class; Ocean Protocol unlocks its value. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.
Ocean datatokens turn data into data assets. This enables data wallets, data exchanges, and data co-ops by leveraging crypto wallets, exchanges, and other DeFi tools. Projects use Ocean libraries and OCEAN in their own apps to help drive the Web3 Data Economy.
The Ocean token dey used to stake on data, to govern Ocean Protocol’s community funding, and to buy & sell data. Hin supply is disbursed over time to drive near-term growth and long-term sustainability. OCEAN dey designed to increase with a rise in usage volume.
Visit oceanprotocol.com to find out more.
WISeKey na large scale digital identity ecosystems for people and objects wey dey Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors dey secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT don install 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, mobile phones, crypto tokens etc.). WISeKey dey uniquely positioned to dey at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), fit help industrial applications to predict the failure of their equipment before it happens.
The WISeAuthentic blockchain platform dey integrates the WISeKey semiconductors tags based on the company’s VaultIC154 NFC secure element. These tags, when dey dey placed on any product and tapped by an NFC phone, securely authenticate and track the product much like an embedded ePassport and confirm the identity of the product on the blockchain ledger. WISeKey don include the NFT capability to its WISe.ART wey use a patented method for digital certification of authenticity of a physical object, and corresponding computer program and storage device, as well as using the method for digital certification of authenticity of a physical object of value.
WISekey technology dey trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both 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 among objects and between objects and people. For more information, visit wisekey.com.