Benzinga | Sep 27, 2021 04:53PM EDT

WISEKey Collaborates With ScaleSwap, Polygon For WISe.ART Platform IDO Launch

* WISeKey International Holding Ltd (NASDAQ:WKEY) collaborated with Scaleswap for the IDO launch of the WISe.Art TrusteCoin anticipated starting in November 2021.

* The next-generation scalable IDO Launchpad of Scaleswap provides an improved experience for users thanks to its Ethereum Layer 2 scaling solution.

* The project will benefit from unparalleled community building and a unique loyalty scoring system.

* WISeKey has selected Polygon for the commercial launch of its Trusted NFTs solution. The company noted that Polygon's low transaction fees and sustainable Proof-of-Stake consensus mechanism are essential in meeting the demands of its high-volume marketplace.

* Price Action: WKEY shares closed higher by 1.29% at $7.04 on Monday.