It has been more than a century since The RMS Titanic sank in the North Atlantic sea on April of 1912 after hitting an iceberg while on its maiden journey from Southampton to New York. The British Passenger ship was being operated by White Star Line that offered its clients a romantic experience across the Atlantic ocean from England to USA and back. The ship is estimated to have been carrying a total of 2 224 passengers and crew members of which 1 500 perished in the aftermath of the unfortunate accident. The story of The Titanic has been re-enacted in several adrenaline thrilling movies and pieces of art including music and cartoons. It is basically one of the most notable stories of the 20th century making its artifacts quite valuable. The public still observes the anniversary of the accident yearly.
Several efforts have been made to salvage the wreckage of the Titanic over the years since its accident and soon the crypto market could see the introduction of its tokenized digital assets. Having recovered some artifacts from the wreckage, the RMS Titanic still holds exclusive rights to any salvage from the ship and is now partnering with other organizations to digitize the retrieved artifacts. The partnership involves the RMS Titanic, SMF(Smart Financial Holdings) and Artifact Labs. SFH is a venture capital based in Hong Kong while Artifact Labs is a web3 firm specializing in tokenization of real world objects to digital assets.
The alliance of the companies could unlock infinite possibilities in the world of collectibles as it plans to preserve some artifacts as digital assets(NFTs) and allow the public to own apiece of the Titanic. The Titanic is considered a legacy of the 20th century making its NFTs acquire a lot of demand from the public. This task precisely fits the blockchain technology since it has the ability to give rise to immutable NFTs whose demand and value could surpass most of the digital assets in the marketplace.
So far, RMS Titanic has recovered a total of more than 5 500 physical assets from the ship’s wreckage. The artifacts are now within the purview of Artifact Labs for tokenization. The firm has also been tasked with launching the Titanic DAO(Decentralized Autonomous Organization) to solicit public participation in their future plans. SFH on the other hand will handle the structure of the tokenized IP(Intellectual Property) linked to the artifacts. This IP can then be offered to investors in form of tokens to fund ongoing efforts in the recovery and preservation of RMS Titanic’s assets. Through this venture capital, the artifacts could get exhibited in museums for the public to experience and marvel at the legacy of the past century and appreciate haw far the human civilization has gone to achieve sophistication. It is important to note that the Titanic’s search was very extensive and it was only discovered 40 years ago at the bottom of the ocean where it had found home for more than 60 years before its discovery.
