A federal judge has dismissed a high-profile lawsuit against Yuga Labs, the company behind Bored Ape Yacht Club (BAYC), ruling that its NFTs do not meet the legal threshold to be considered securities. Key Takeaways: A US judge ruled that BAYC NFTs and ApeCoin do not qualify as securities under the Howey Test. The court found no common enterprise or profit expectation linking buyers to Yuga Labs. The decision sets a precedent supporting NFTs as digital collectibles rather than investment contracts. ...

Core Insights - WISeKey International Holding Ltd's subsidiary WISe.ART has successfully launched Spanish artist Mayte Spínola's digital artwork "El Cristo Cósmico" into low Earth orbit aboard a SpaceX Falcon 9 rocket, marking a significant step in the company's strategy to expand digital expression through space technology [3][4][5] - The artwork is tokenized as an NFT on the WISe.ART platform and is securely stored on a satellite using advanced security measures, including embedded hardware security modules and blockchain-based authentication protocols [4][8] - This initiative is part of WISe.ART's broader mission to utilize space as a platform for artistic expression, enabling global engagement for artists and public figures [5][6] Company Overview - WISe.ART is a full-service NFT platform that leverages WISeKey's cybersecurity technologies to ensure secure creation, trading, and verification of digital assets, integrating IoT, satellite systems, and post-quantum infrastructures [9] - WISeKey operates as a Swiss-based holding company with several subsidiaries focusing on different technology aspects, including cybersecurity, digital identity, and IoT solutions [10][11] - The company has deployed over 1.6 billion microchips across various IoT sectors, playing a crucial role in securing the Internet of Everything [11] Technical Details - The launch took place at 23:11 CET on June 23, 2025, placing the WISeSat satellite into a sun-synchronous low Earth orbit at approximately 500–600 km [4][13] - The satellite features secure NFT storage and communication capabilities, with blockchain certification anchored to WISeKey's Root of Trust, ensuring high-level security [13] - The mission allows for two-way data connectivity for metadata validation and message exchange, enhancing the interaction between the artwork and its audience [13]