Real Titanic Items Will be Tokenized as NFTs
Under the new partnership, artifacts found in the legendary Titanic shipwreck will be tokenized as NFTs.
The company that acts as custodian of the sunken ship has partnered with a blockchain company that will be tasked with creating NFTs from the recovered artifacts
It is a three-party partnership that includes RMS Titanic (RMST), Venture Smart Financial Holdings of Hong Kong, and Artifact Labs, specializing in Web 3.0. The companies will begin tokenizing rare artifacts from the Titanic to unlock the many features that Web 3.0 brings.
Some recovered artifacts will be preserved using NFT, allowing the general public to own a part of this historic ship. RMST is the exclusive owner of the rights to retrieve items from the wreck of the Titanic and its debris from the bottom of the North Atlantic, where the ship has been sunk since 1912 after a fateful collision with an iceberg.
Venture Smart Financial Holdings will be tasked with creating a tokenization structure for the intellectual property associated with the artifacts. These tokenized instruments will be offered to accredited investors to create a pathway for “compliant capital raising” that will be used to fund the research, restoration, preservation, display, and licensing of RMST's assets.
Artifact Labs is tasked with creating NFTs for 5,500 recovered artifacts using its proprietary blockchain NFT system. Future items recovered from the Titanic are also to be minted as NFTs.
Collectors of these NFTs will enjoy exclusive benefits and experiences, including VIP exhibitions, events, and seminars with historians. Items from the sunken ship are only physically on display at the Orlando and Las Vegas exhibitions; with the NFT, these items will be digitally available outside the exhibitions mentioned above.
According to the announcement, the NFT's debut Titanic collection will include ultra-limited edition digital objects to lay the foundation for the Titanic Web 3.0 community.
Artifact Labs also plans to create a Titanic DAO allowing members to participate in various initiatives and designs for future Titanic Web exhibitions. It will also facilitate the development of educational programs, digital content, documentaries, research, partnerships, and events. In addition, DAO members will be expected to participate in preserving and displaying recovered Titanic artifacts.
Members will use stewardship tokens to manage the Titanic DAO treasury, which will be funded by proceeds from the sale of NFTs.
In a statement, Jessica Sanders, president of RMST, emphasized that the primary purpose of this initiative is to preserve the legacy of the Titanic and its artifacts using digital innovations such as blockchain technology and NFTs.
"As owners of the Titanic wreck site, we are committed to ensuring that the artifacts from the ship are preserved in perpetuity and accessible to future generations. We believe that moving into the digital space will allow us to reach a wider audience with quality programs that educate and inspire."
Source: cointelegraph.com
analyst opinion
Jakub Odvářka
The company that acts as custodian of the sunken ship has partnered with a blockchain company that will be tasked with creating NFTs from the recovered artifacts
It is a three-party partnership that includes RMS Titanic (RMST), Venture Smart Financial Holdings of Hong Kong, and Artifact Labs, specializing in Web 3.0. The companies will begin tokenizing rare artifacts from the Titanic to unlock the many features that Web 3.0 brings.
Some recovered artifacts will be preserved using NFT, allowing the general public to own a part of this historic ship. RMST is the exclusive owner of the rights to retrieve items from the wreck of the Titanic and its debris from the bottom of the North Atlantic, where the ship has been sunk since 1912 after a fateful collision with an iceberg.
Venture Smart Financial Holdings will be tasked with creating a tokenization structure for the intellectual property associated with the artifacts. These tokenized instruments will be offered to accredited investors to create a pathway for “compliant capital raising” that will be used to fund the research, restoration, preservation, display, and licensing of RMST's assets.
Artifact Labs is tasked with creating NFTs for 5,500 recovered artifacts using its proprietary blockchain NFT system. Future items recovered from the Titanic are also to be minted as NFTs.
Collectors of these NFTs will enjoy exclusive benefits and experiences, including VIP exhibitions, events, and seminars with historians. Items from the sunken ship are only physically on display at the Orlando and Las Vegas exhibitions; with the NFT, these items will be digitally available outside the exhibitions mentioned above.
According to the announcement, the NFT's debut Titanic collection will include ultra-limited edition digital objects to lay the foundation for the Titanic Web 3.0 community.
Artifact Labs also plans to create a Titanic DAO allowing members to participate in various initiatives and designs for future Titanic Web exhibitions. It will also facilitate the development of educational programs, digital content, documentaries, research, partnerships, and events. In addition, DAO members will be expected to participate in preserving and displaying recovered Titanic artifacts.
Members will use stewardship tokens to manage the Titanic DAO treasury, which will be funded by proceeds from the sale of NFTs.
In a statement, Jessica Sanders, president of RMST, emphasized that the primary purpose of this initiative is to preserve the legacy of the Titanic and its artifacts using digital innovations such as blockchain technology and NFTs.
"As owners of the Titanic wreck site, we are committed to ensuring that the artifacts from the ship are preserved in perpetuity and accessible to future generations. We believe that moving into the digital space will allow us to reach a wider audience with quality programs that educate and inspire."
Source: cointelegraph.com
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