Cardano Hits Five-Year Transaction Record as ADA Price Falls 
NEAR Price Surges 11% as Trading Volume Doubles 
Bitcoin Price Faces Volatility Ahead of US CPI and Fed Speech 
XRP Ledger Foundation Confirms 100B Supply Safe After Security Fix 
Canton Network Expands in South Korea With Major Partnerships 
Epic Games Delays Disney Shooter, Shifts to AI-First Development 
Meta Launches Muse Wonder AI Models, Shares Rise 3.7% 
Bitcoin Rebounds to $82K as Trump Eases Iran War Fears 
Moonshot AI Executives Seek Settlement Ahead of Hong Kong IPO 
Binance to Shut Down Crypto Mining Pool Services on November 10 
Solana Targets 200ms Block Time in Major Network Upgrade 
South Korea Blocks 27 Crypto Exchange Websites in Regulatory Crackdown 
Arthur Hayes Announces FLOP Testnet Launch Within Weeks 
Morgan Stanley Predicts $10 Trillion RWA Market by 2030 
Russia Approves Sberbank for Crypto Exchange Services 
Add as a preferred source on Google
Relics of the Titanic British passenger liner are set to be minted as non-fungible tokens or NFTs. This is possible through a three-way partnership deal between RMS Titanic (RMST), Artifact Labs, and Hong Kong-based Venture Smart Financial Holdings.
It was the Titanic exhibitor team that tapped the global financial services platform and web3 company for a collaboration. They agreed to mint the famous passenger liner’s real-world relics on the blockchain.
The artifacts to be tokenized as NFTs are some of the recovered pieces from the actual wreckage of the Titanic ship. They will be minted using blockchain technology through the cooperation of the three companies, including the group that is serving as caretakers of the sunken vessel.
As per CoinTelegraph, RMS Titanic, Venture Smart Financial Holdings, and Artifact Labs will start minting valuable artifacts from the ill-fated passenger liner to unlock loads of Web3 functionalities. Then again, it was reported that not all of the relics are going to be tokenized but only the selected ones.
These will be preserved as NFTs where their ownership will be shared with the general public. RMS Titanic will maintain the exclusive rights to retrieve artifacts from the Titanic and its wide debris field from the bottom of the North Atlantic Ocean.
SCMP reported that this Titanic NFT project has a goal of bringing the RMS Titanic and its real-world relics into the Web3. The other aim is to “place the legacy of the Titanic in the hands of the global public.”
The group said this week that the plan is to turn around 5,500 tangible artifacts recovered from the ship into NFTs. They may also work on the other relics that may be retrieved later in the future.
“As the salvor-in-possession of the Titanic wreck site, we are determined to ensure that the Ship’s artifacts are preserved in perpetuity and accessible to future generations,” Jessica Sanders, RMST president, said in a statement. “We believe that moving into the digital space allows us to reach a broader audience with quality programming that educates and inspires.”
Photo by: Zlaťáky.cz/Unsplash
