Why WISeKey International Holding Stock Jumped as Much as 46.9% Today

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Shares of WISeKey International Holding (NASDAQ:WKEY) jumped as much as 46.9% in trading on Friday after the digital security company announced an auction of non-fungible tokens (NFTs). Shares settled lower as the day wore on and closed 6.9% higher. 

WISeKey will hold an auction for what it calls “the first ever secure luxury NFT watch” on March 31, with an embedded digital certificate for the watches sold. The auction is meant to demonstrate the technology that could be used to identify ownership of an item.

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