Artifact Labs and RMS Titanic join forces to bring the sunken ship into Web3

Hong Kong-based Web3 and NFT company Artifact Labs has partnered with RMS Titanic (RMST), the company behind exhibitions for Titanic, as well as Venture Smart Financial Holdings (VSFG), a Hong Kong asset management firm to bring the sunken ship into Web3 and fully unlock the intrinsic value of the associated intellectual property by tokenising the assets.

In the partnership, Artifact Labs plans to turn approximately 5,500 physical artefacts recovered from the Titanic into NFTs for historical assets on the blockchain. Newly recovered relics from future expedition dives will also be minted as 'ARTIFACTs'. The Titanic NFTs aims to expand an engaged community of collectors who will contribute to the preservation of maritime history while unlocking exclusive benefits such as VIP events at exhibitions, seminars with historians and privileged access to different experiences. It also aims to provide an opportunity for Titanic fans to digitally interact with RMST's content outside of the physical exhibitions. According to the press release, the debut collection will feature ultra-limited edition NFTs and its buyers will form the first of the Titanic's Web3 community.

In this creative project, VSFG will be responsible for structuring the tokenisation of the intellectual property and developing tokenised instruments for accredited investors, allowing compliant capital to raise for the ongoing research, recovery, preservation, exhibition and licensing of RMST's assets.

Furthermore, Artifact Labs plans to launch the Titanic DAO (decentralised autonomous organisation) whose members will participate in select RMST and E/M Group initiatives such as dive expeditions to the Titanic site, development of education programming, digital content and documentaries, preservation and exhibition of recovered artifacts. According to the release, the DAO treasury will be managed by members through governance tokens and will be funded by proceeds from Titanic NFT sales.

MARKETING-INTERACTIVE has reached out to Artifact Labs for additional information.

Don't miss: Artifact Labs brings on board new CEO as Gary Liu transitions on

Commenting on the partnership, Gary Liu, founder of Artifact Labs, said, "The Titanic is one of the most treasured pieces of history in the world, and we are privileged to be part of its story. 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."

"As the salvor-in-possession of the Titanic wreck site, we are determined to ensure that the Ship's artifacts are preserved in perpetuity and accessible to future generations. We believe that moving into the digital space allows us to reach a broader audience with quality programming that educates and inspires. We are excited to have found the expertise and partners to help us reach those goals," said Jessica Sanders, president of RMS Titanic.

Recently, The Securities and Futures Commission (SFC) has launched public consultation over plans to allow retail investors in Hong Kong to purchase big-cap cryptocurrency tokens such as bitcoin and Ether, according to the latest consultation paper by The SFC.

(Photo Courtesy: National Geographic's YouTube channel)

Related articles:

Artifact Labs brings on board new CEO as Gary Liu transitions on
Artifact Labs and G.O.D. partner up to tell HK stories through metaverse
Hang Seng Bank launches first NFT wallet for HK's retail banking industry
KFC HK swims against the current with 'least unique' NFT campaign