WISe.ART to NFT, a Large Picasso Art Case for Two Violins Including the Original Artwork – GlobeNewswire | Candle Made Easy

WISe.ART to NFT, an important Picasso art case for two violins, including the original artwork

NFT and Art Design by Pedro Sandoval

(see video here)

Geneva, Madrid and New York – July 252022 – WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, AI, blockchain and IoT, announced today that its WISe.ART 2.1 NFT Marketplace will create an NFT for a large cubist artwork by Picasso Art “The Magic Violin” Phygital package including original artwork and a hologram version of the NFT broadcast simultaneously in two different museums using the latest hologram technology.

Picasso, who was heavily influenced by Japanese art in the early 20th centuryth Century was passionate about cutting out shapes from cardboard and other materials like metal, wood, and paper, which he could then sculpt and slice into geometric shapes and smooth 3Ds into two-dimensional renderings.

Artists around Picasso cut, glued and assembled everyday materials that they found in their studios, such as newspapers, leftover wallpaper, music scores. The shapes of the cutouts were simple geometric shapes. Their use was crucial to the development of Cubism. It allowed color to be reintroduced to suggest depth by overlaying different planes. It corresponded to a deep need to break the accepted canons of art in order to appropriate the concrete realities of an industrialized world. The use of glued paper can be divided into three distinct periods. The first, to which the “Magic Violin” belongs, uses a painted or drawn frame that enters into a dialogue with scraps of newspaper glued on, colored paper or, in this case, musical scores. The second period, between February 1913 and early spring of that year, saw the use of the real object as a form of expression and paved the way for what would come to be termed Synthetic Cubism. In the third period, between March 1914 and the beginning of summer, Picasso experimented with the effects of materials.

In his video, Pedro Sandoval romanticizes a true story in which two violins belonging to Le Douanier Rousseau (another French artist known for his “naïve” depictions of nature) were stolen in Paris. The suitcase with the two violins remained empty. Picasso, who greatly admired the sad artist, replaced the violins with a cut-out form of a violin and placed it in the empty case for his friend. The case with the cardboard violin is now in the possession of a Spanish collector, Marco Salazar Ruiz’s grandson.

The artwork has recently been exhibited as follows:

  • 2020 at the Museum of the Royal Conservatory of Music in Madrid, founded in 1830 by Queen María Cristina
  • 2021 at the San Clemente Cultural Center in Toledo, at the time of Alfonso VII in 1085
  • 2022 in the city of San Clemente in Cuenca by the Antonio Pérez Foundation

Forensic analysis and historical context study conducted by Veritart’s laboratory.

“The Metaverse marks a very important line in the visual arts, as did the modernists in their day, more than that, a work of 1912-14 that offered an opportunity to step into the art of the future under the creativity of Pedro Sandoval recognized Venezuelan artist and the security guaranteed by the electronic trading platform for NFTs WISe.Art, emulating the ancient collectors and patrons of the early twentieth century,” said Marcos Salazar Ruiz, owner and recognized Venezuelan plastic artist.

WISeKey’s WISe.ART 2.1 NFT Marketplace platform is fully functional and offers art collectors and artists a secure marketplace where NFT buyers and sellers can easily connect their crypto wallets to buy or list their NFTs for sale instantly.

To further grow its ecosystem of artists using the NFT platform WISe.ART, WISeKey partnered with the Crypto Art Island event, the first European NFT art fair to be held in Gibraltar from April 29th to May 4th, 2022 took place.

The new design of the WISe.Art 2.1 platform ensures that, in addition to an authenticated and signed version of the actual digital asset, an irreversible link can be made to a physical object, in addition to proof of ownership, proof of origin and a series of contract descriptions of future usage and monetization streams, if relevant.

NFT tokenization uses the US patent application “System and Method for Providing Persistent Authenticatable NFT” registered by WISeKey. Using this method, NFTs have increased in value and will retain their long-term value.

NFTs and the platform are secured by WISeKey’s proprietary security technology, which enables the protection of physical objects as well as digital assets in a secure end-to-end process. Smart contracts and physical contracts can be included in the NFTs to describe the NFT buyer’s usage rights, including monetization of their collection. It also allows the original creator to potentially participate in future royalties. This option creates new funding opportunities for artists with large collections, as well as sophisticated ways to better appreciate their work.

WISeID is a trusted identity service that enables access to the Internet and mobile applications using strong authentication techniques. WISeID supports online KYC onboarding, OTP and enrollment with digital certificates, as well as an innovative “hands-free” secure login based on QR codes that users can read with the WISeID suite of mobile applications without even typing passwords have to.

Additional security services include digital signature services for documents. WISeID implements standards such as OpenID Connect and OAUTH2, which customers can easily integrate to increase the security of their cloud applications. WISeID can also be combined with Microsoft Active Directory, facilitating integration with enterprise applications.

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About Pedro Sandoval: Pedro José Sandoval is a Venezuelan artist known for his abstract neo-expressionist artworks. Much of his work deals with colour, movement and texture. His work is in the permanent collection of the Boca Raton Museum of Art. He lives and works between Madrid, Berlin and New York City.

About WISe.ART: WISe.ART is a fully-fledged marketplace. It can connect all art industry players. Our white labeling options and special NFT designs ensure that alongside an authenticated and signed version of the actual digital asset, an irreversible link is made to the physical object, proof of ownership, provenance and a set of smart contracts that future use and monetization describe flows.

The WISe.ART NFT platform is fully secured by WISeKey’s innovative security technologies that enable the authentication of digital assets in a secure end-to-end process based on our experience and proven expertise in the field.

About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large-scale digital identity ecosystems for people and objects using blockchain, AI and IoT, respecting the human as the lynchpin of the internet . WISeKey microprocessors secure the pervasive computing that is shaping 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, mobile phones, crypto tokens, etc.). WISeKey is uniquely positioned to be at the forefront of IoT as our semiconductors produce a vast amount of big data that, when analyzed with artificial intelligence (AI), can help industrial applications predict the failure of their devices beforehand it happens. Trusted by the Swiss-based OISTE/WISeKey cryptographic Root of Trust (“RoT”), our technology 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 root of trust to ensure the integrity of online transactions between objects and between objects and people. For more information visit www.wisekey.com.

Press and investor contacts:

WISeKey International Holding Ltd
Company contact: Carlos Moreira
chairman
Phone: +41 22 594 3000
info@wisekey.com
WISeKey Investor Relations (USA)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

Disclaimer:
This release expressly or implicitly contains certain forward-looking statements about WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors that could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to differ materially from any future results, performance or achievements contained in such statements express or implied -looking statements. WISeKey International Holding Ltd is providing this release as of this date and does not undertake any obligation to update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise.

This media release does not constitute an offer to sell or a solicitation of an offer to buy securities and does not constitute a sales prospectus within the meaning of Art. 652a or Art. 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange . Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or should be construed as, a promise or representation as to WISeKey’s future performance.

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