Artifacts from the sunken Titanic to be turned into cryptocurrency tokens

RMS Titanic, Hong Kong-based venture capital firm Venture Smart Financial Holdings and Web3 industry player Artifact Labs are tokenizing items salvaged from the transatlantic liner Titanic.

RMS Titanic has exclusive rights to recover artifacts from the wreck. Now the found items will appear in the form of collectible tokens. Venture Smart is responsible for structuring the intellectual property. Through the NFT issue, the project participants hope to raise funds to continue research, restoration, preservation, and licensing of RMS Titanic assets.

The developers plan to release 5500 NFTs on the Artifact Labs platform. Items raised later will be tokenized in the future.

Artifact Labs plans to create a decentralized organization called Titanic DAO, whose members will have access to various initiatives, exhibitions, and other activities related to the liner. The organization intends to develop educational programs, produce digital content and documentaries, and conduct research.

RMS Titanic President Jessica Sanders assured that the creation of the NFT will help preserve the Titanic’s heritage and rare items from the incident.