First art NFT from outer space could be minted in February
The NFT of the future will be “away from hackers’ reach and easily identifiable,” says WISeKey
“Away from hackers’ reach and easily identifiable“ – that’s the NFT of the future, according to WISeKey, which is about to mint the first-ever NFT from outer space.
The global cybersecurity company announced that the minting operation will go ahead in mid-February, after the successful launch of its satellites during the SpaceX transporter’s third mission.
The NFT, generated on the satellite, will be the first NFT art piece ever created in space, with the company having secured the minting method through a patent.
“WISeSat.Space satellites launched last week are working correctly and communicating with VaultIC encrypted communications despite working in extremely low temperatures,” said WISeKey.
“During the testing phase, which will take two-four weeks, WISeKey will be working to activate the NFT, and then execute the launch of a prestigious art piece in mid-February,” added the company.
The minting process
According to the company, NFTs do not normally contain enough information to ensure that the minter was the originator or possessor of the object at the time of minting, or that they had the authority to mint such an NFT.
Moreover, “the information associated with an NFT can easily degrade over long periods of time, making difficult to discern whether an NFT is authentic or what object the NFT is associated with, or the location where the object itself is located,” said the company.
“Without identifying and establishing the rights of the minter, the long-term value of the NFT is diminished,” explained WISeKey, whose minting method is now the subject of a patent application.
The cybersecurity firm aims to produce secured NFTs which can act as a device authenticator, encrypting the connection between the tokens and devices such as autonomous vehicles, self-driving cars and trucks or smart homes.
According to the cybersecurity firm, a first customer project dedicated to smart agriculture and IoT is already on its way with EPRINSA, a Spanish state-owned IT company.
“Six provinces of Spain have been involved in the project and are considering using the WISeSAT constellation for data acquisition of hundreds of thousands of sensors located in territories not normally covered by traditional ground-based networks,” said the company.