People can now become owners of the Titanic’s heritage thanks to the tokenization of recovered physical artifacts.
A new collaboration between RMS Titanic Inc, Venture Smart Financial Holdings (VSFG) Ltd, and Web3 company Artifact Labs will, in fact, make this happen.
RMS Titanic Inc was founded with the goal of researching the Titanic wreck and nearby ocean areas, and has since conducted eight research and recovery expeditions. With this new collaboration, the company will make its discoveries public — allowing anyone to share ownership and store artifacts forever on the blockchain.
To that end, Artifact Labs will be in charge of turning around 5,500 recovered physical artifacts into NFTs, while VSFG will be in charge of structuring the tokenization of the intellectual property.
Holders will not only get to own a piece of maritime history, but they will also gain access to unique benefits — such as VIP events at exhibitions and seminars with historians.
Artifact Labs will also establish the Titanic DAO, whose members will be involved in RMS Titanic initiatives — such as proposals for future dive expeditions, research, partnerships, and hosted events. The proceeds from Titanic NFT sales will fund the DAO treasury.
This is not RMS Titanic’s first foray into the NFT space; last April, the company collaborated with Crypto.com to issue a drawing of NFT coins, tokenized pictures and videos of the Titanic taken from the seabed.
