WISe.ART to NFT a large Picasso art case for two violins

WISe.ART to NFT a large Picasso art case for two violins including the original piece of art

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 leading global company in cybersecurity, AI, Blockchain and IoT, today announced that the WISe.ART 2.1 NFT Marketplace will create an NFT for a large cubist artwork by Picasso Art “The Magic Violin” as a phygital package including the original artwork and a hologram version of the NFT that will be broadcast in two different museums simultaneously using the latest hologram technology.

Picasso who was heavily influenced by Japanese art in the early 20th century^th Century was passionate about cutting shapes out of cardboard and other materials such as metal, wood and paper, which he could then shape and divide into geometric shapes, flattening 3Ds into two-dimensional renderings.

Artists around Picasso cut, pasted and assembled everyday materials that they found in their studios, such as newspapers, wallpaper, musical scores. The shapes of the carvings were simple geometric shapes. Their use was crucial to the development of Cubism. It allowed color to be reintroduced to suggest some depth by layering different planes. It responded to a profound need to explode the accepted canons of art in order to acquire the concrete realities of an industrialized world. The use of glued paper can be divided into three distinct periods. The first, to which “Magic Violin” belongs, uses a framework, either painted or drawn, that sets up a dialogue with the glued newspapers, colored paper or, as in this case, sheet music. The second period, between February 1913 and the early spring of the same year, saw the use of the real object as a form of expression, clearing the way for what would be called synthetic cubism. In the third period, between March 1914 and the beginning of summer, Picasso experimented with the effect of materials.

In his video, Pedro Sandoval romanticizes a true story where two violins were stolen from Le Douanier Rousseau (another French artist known for his “naive” renderings of nature) in Paris. The case with the two violins was left empty. Picasso, admiring the sad artist, replaced the violins with a carved violin form and placed it in his friend’s empty case. The case with the cardboard violin is now the property of a Spanish collector, Marco Salazar Ruiz’s grandson.

The artwork was recently exhibited as follows:

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

Forensic analysis and contextual historical study run by Veritart’s laboratory.

“The Metaverse marks a very important guideline in the visual arts, just as the modernists did in their time, even more so, a work from 1912-14 that has given the opportunity to enter the art of the future under the creativity of Pedro Sandoval recognized Venezuelan artist and the security guaranteed by the electronic trading platform for NFT’s WISe.Art, which mimics the old collectors and patrons of the early twentieth century, says Marcos Salazar Ruiz, owner and renowned Venezuelan plastic artist.

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

To further increase its ecosystem of artists using the WISe.ART NFT platform, WISeKey teamed up with the Crypto Art Island event, the first European NFT art fair to take place in Gibraltar from 29 April to 4 May 2022.

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 to a physical object can be established, as well as proof of ownership, provenance and a set of contracts which describes future use and revenue generation streams, if applicable.

The NFT tokenization uses the WISeKey registered patent application, “System and Method for Providing Persistent Authenticatable NFT” in the United States. With 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 that 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 usage rights of the NFT buyer, 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 for a better appreciation of their work.

WISeID is a trusted identity service that provides access to web and mobile applications with strong authentication techniques. WISeID supports online KYC onboarding, OTP and digital certificate login, and an innovative “hands-free” secure login based on QR codes that users can read using the WISeID suite of mobile applications without even having to enter a password.

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

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About Pedro Sandoval: Pedro José Sandoval is a Venezuelan artist known for his abstract neo-expressionist artwork. 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 full-fledged marketplace. It can connect all players in the art industry. Our white-labeling options and special NFT designs ensure that in addition to an authenticated and signed version of the actual digital asset, creating an irreversible link to the physical object, providing proof of ownership, provenance and a set of smart contracts detailing future use and income generation streams.

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 this domain.

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 with respect for the human as the fulcrum of the Internet. WISeKey microprocessors ensure the pervasive computing that shapes today’s Internet of Everything. WISeKey IoT has an 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 is uniquely positioned to be at the edge of the 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 equipment before it happens. Our technology is trusted by OISTE/WISeKey’s Swiss cryptographic Root of Trust (“RoT”) providing secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT acts 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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