They will sell 5,500 NFTs of Titanic objects

Buyers will form the first Titanic-themed community called Web3

The US company RMS Titanic Inc (RMST), solely responsible for salvaging items from the wreck of the British liner Titanic, announced a partnership with two Hong Kong companies to bring the ship and its relics to Web3 in NFT (non-fungible token) format.

The company reported in a statement that the collection will feature a limited edition of NFT, a collectible digital asset that uses ‘blockchain’ technology to ensure its exclusivity and authenticity, and that its buyers will form the first Titanic-themed community in the so-called Web3, which embraces decentralization and cryptocurrencies.

Hong Kong’s first virtual asset manager to be approved by the Hong Kong Securities and Exchange Commission, VSFG will lead the structure of the transformation of intellectual property into NFTs, enabling the raising of capital for research, preservation and exhibition of the licenses of the digital assets of RMS Titanic.

For its part, Artifact Labs, also from Hong Kong, will launch the DAO (Decentralized Autonomous Organization, a form of association based on algorithms popular among fans of cryptocurrencies) of the luxurious ship, and its members will be able to participate in initiatives such as future diving expeditions. to the wreck of the Titanic or the development of educational programs, said RMST.

“As repositories of the remains of the Titanic, we are determined to ensure that its artifacts are preserved in perpetuity and accessible to future generations. We believe that entering the digital space allows us to reach a broader audience with quality programming that educates and inspires,” RMS Titanic President Jessica Sanders said in the statement.

Some 5,500 physical artifacts recovered from the British liner will be digitally preserved, the company said.

Precisely this Wednesday, the finance secretary of the semi-autonomous city, Paul Chan, declared that Hong Kong will allocate 50 million Hong Kong dollars (6.3 million dollars, 5.9 million euros) to accelerate the development of the Internet ecosystem of third generation by organizing international seminars and workshops for young people, and highlighted the “enormous potential” of Web3.

In addition, Chan expressed his hope that these advances will allow the industry and companies to better understand the development of borders and promote cooperation between companies from different sectors.