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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
