Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market

cryptonews.com:

Physical artifacts retrieved from the wreckage of the Titanic 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 over the wreck and the wreckage site of the Titanic, Hong Kong-based Venture Smart Financial Holdings, and Web3 firm Artifact Labs.

The three companies will begin tokenizing precious artifacts from the Titanic to unlock a myriad of Web3 functionalities. The plan is to preserve some artifacts as NFTs and share ownership with the public.

"This creative project will place the legacy of the Titanic in the hands of the global public by preserving assets from the ocean liner as immutable NFTs and by allowing inclusive participation in RMST," the three companies said in a press release. 

Artifact Labs aims to tokenize a total of 5,500 physical artifacts recovered from the ship, along with artifacts that may be recovered in the future. The company will also launch the Titanic DAO (Decentralised Autonomous Organisation), through which members can participate in future initiatives. 

Venture Smart Financial Holdings will be tasked with structuring the tokenization of intellectual property linked to the artifacts. The tokenized instruments are intended to be offered to accredited investors to create an avenue for “compliant capital raising” to fund ongoing research, recovery, preservation, exhibition, and licensing of RMST’s assets.

"We remain dedicated to sharing the legacy of the Titanic, her passengers and crew, with people around the world," Jessica Sanders, the President of RMS Titanic, said in a comment, adding:

"As the salvor-in-possession of the Titanic wreck site, we are determined to ensure