Physical artifacts salvaged from the Titanic wreckage are set to be tokenized as NFTs and shared with the world through a new three-way partnership.
The collaboration involves RMS Titanic (RMST), which holds exclusive salvage rights to the wreck and Titanic wreckage sites, Hong Kong-based Venture Smart Financial Holdings, and Web3 company Artifact Labs.
The three companies begin tokenizing the priceless relics of the Titanic, unlocking a myriad of Web3 capabilities. We plan to store some artifacts as NFTs and release ownership to the public.
“This creative project titanic Storing ocean liner assets as immutable NFTs and allowing inclusive participation in RMST puts them in the hands of people around the world. ” Said in a press release.
Artifact Labs aims to tokenize a total of 5,500 physical artifacts recovered from ships, as well as artifacts that may be recovered in the future. The company also plans to launch a Titanic DAO (Decentralized Autonomous Organization) where members can participate in future initiatives.
Venture Smart Financial Holdings will be tasked with structuring the tokenization of intellectual property related to artifacts. The tokenized vehicle will be made available to accredited investors to provide a “compliant capital raising” vehicle to fund the ongoing research, collection, preservation, display and licensing of RMST’s assets. intended to create.
“We remain committed to sharing the legacy of titanicwith her passengers and crew and people around the world,” RMS Titanic president Jessica Saunders said in a statement, adding:
“As a savior possessing titanic We are determined to ensure that the shipwreck remains are preserved forever and accessible to future generations. We believe that by moving into the digital space, we can reach a wider audience with quality programming that educates and inspires. We are thrilled to have found the expertise and partners to help us achieve these goals. ”
The Titanic is a British passenger liner operated by White Star Line. She hit an iceberg during her maiden voyage in April 1912 and sank, killing 1,500 people. Nearly 40 years ago, a shipwreck found on the bottom of the North Atlantic has captured the world’s attention.
Two Hong Kong companies participating in the initiative
It is worth noting that Venture Smart Financial Holdings (VSFH) and Artifact Labs are both Hong Kong companies. The collaboration comes as the city advocates for more crypto-friendly regulation to regain its status as a global cryptocurrency hub.
As reported, Hong Kong’s Securities and Futures Commission (SFC) has unveiled a new regulatory regime that will allow retail investors to trade certain “large cap tokens” on licensed exchanges. Exposure is placed.
Hong Kong’s attempt to become a bigger player in Web3 includes new regulations covering various types of virtual assets, including NFTs.City finance chief Paul Chan said it would Allocate $6.4 million to accelerate development of Web3 ecosystem And unlock the potential of what he called the “3rd Generation Internet.”
