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

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

23 Feb 2023 12:11 AM

By Ruholamin Haqshanas | @ruholamin-haqshanas

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 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.