February 22, 2023

Titanic Artifacts To Be Turned into NFTs

Titanic Artifacts To Be Turned into NFTs Featured Image

Titanic Artifacts

RMS Titanic, Inc., which holds the exclusive rights to recover artifacts from the ill-fated ship, intends to bring the ship’s belongings to the Web 3.0 world after its partnership with Artifact Labs and the Hong Kong-headquartered asset management company Venture Smart Financial Holdings.

Through this collaboration, RMS Titanic will release 5,500 physical artifacts recovered from the ship into NFTs with the help of Artifact Labs. In a statement, the companies said the NFT collection aims to place the legacy of the Titanic in the hands of the global public, according to South China Morning Post.

The money collected from selling these digital collectibles will be allocated for funding research, recovery, and preservation efforts to turn any newly-discovered artifact in the future into an NFT, the statement read. In addition, initiatives that cover dive exhibitions, documentaries, educational programming, and other events will be launched funded by the sales of NFTs.

In this regard, Gary Liu, the founder of Artifact Labs, said: “This incredible project will forever preserve the ocean liner on the blockchain and further expand its impact and importance to a global audience. This partnership exemplifies the mission of Artifact Labs and we are delighted to now be among the Titanic’s guardians.”

Artificial Labs did not give more information to the public either about the blockchain that it will use for selling the NFTs or their prices.

Titanic hit an iceberg and sank, in which 1,500 people were killed, while on its maiden voyage in April 1912. The shipwreck was discovered nearly four decades ago at the bottom of the North Atlantic.

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