Titanic Artifacts To Be Tokenized
Artifacts recovered from the Titanic’s wreckage will be tokenized using blockchain technology as part of a collaboration led by the company that serves as the sunken vessel’s steward.
A collaboration between RMS Titanic (RMST), Hong Kong-based Venture Smart Financial Holdings, and Web3 firm Artifact Labs will begin tokenizing precious artefacts from the Titanic in order to unlock a plethora of Web3 functionalities.
Select artifacts from the sunken Titanic will be preserved as NFTs, allowing the general public to share ownership. RMST has exclusive rights to recover artefacts from the Titanic and its wider debris field from the North Atlantic Ocean’s bottom.
Venture Smart Financial Holdings will be in charge of organising the tokenization of intellectual property associated with the artefacts. The tokenized instruments are intended to be offered to accredited investors in order to create a channel for “compliant capital raising” to fund RMST’s ongoing research, recovery, preservation, exhibition, and licencing.
Artifact Labs will use its in-house NFT blockchain system to generate NFTs for 5,500 recovered artefacts from the sunken ship. Future artefacts recovered from the Titanic’s final resting place will also be minted as NFTs.
These NFTs are said to provide collectors with exclusive benefits such as VIP events and exhibitions, seminars with historians, and other unique experiences. The NFTs will create a digital means to interact with RMST content outside of physical exhibitions in Atlanta and Las Vegas.
According to the announcement, the debut collection of Titanic NFTs will feature an ultra-limited edition of digital collectibles, laying the foundation for the Titanic’s Web3 community.
(With inputs from Shikha Singh)
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