Why Did WISekey (WKEY) Stock Rise Wenesday?

ISekey International Holding AG (WKEY) stock was up Wednesday afternoon by as much as 90% ($9.03) after the company announced a non-fungible token (NFT) product.

Why WISekey Jumped Wednesday Afternoon

WISeKey, a Swiss-based cybersecurity and AI platform company, announced the launch of WISeArt, a certificate of authenticity — a “non-fungible token” (NFT) —  as proof of the buyer’s ownership.

NFTs are often used to commodify digital creations, such as digital art, items in video games or music . Many creators have been using NFTs to capitalize on their various work through cryptographic tools.

WKEY has an Overall Score of 46. Find out what this means to you and get the rest of the rankings on WKEY!

WISeKey International Holding Ltd is a cybersecurity company focused on delivering integrated security solutions for the Internet of Things (IoT) and digital identity ecosystems. It integrates secure semiconductors, cybersecurity software, and a globally recognized Root of Trust (RoT) into leading-edge products and services that protect users, devices, data and transactions in the internet-connected world. It has two business segments. The IoT segment, which is the key revenue driver, generates revenue from the sale of semiconductor’s secure chips. The mPKI segment generates revenues from Digital Certificates, Software as a Service, Software license and Post-Contract Customer Support (PCS) for cybersecurity applications.