Artifact Labs and RMS Titanic collaborate to launch NFT series and community governance

02/22/2023 07:19 • Metaverse Matters • 145 views

On February 22, Artifact Labs, a virtual asset management company approved by the Hong Kong Securities Regulatory Commission, announced a cooperation with RMS Titanic, Inc., the legal affairs subsidiary of the Royal Cruise Line Titanic, to launch the NFT series based on about 5500 physical cultural relics recovered by the Titanic. In addition, Artifact Labs will also launch the “Titanic DAO”, Through community governance, manage the proposal of diving exploration, education plan development, digital content, documentary and research plan of the future Titanic site.

Artifact Labs, a Hong Kong virtual asset management company, will launch the Titanic NFT and “Titanic DAO”

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Artifact Labs, a Hong Kong-based virtual asset management company, has recently announced a partnership with RMS Titanic, Inc., to introduce an NFT (Non-Fungible Token) collection based on more than 5,500 physical cultural artifacts recovered from the Titanic. The collaboration also involves the launch of ‘Titanic DAO’, a system of community governance for managing diving exploration proposals, educational plan development, digital content, documentary, and research plans for the future site of Titanic.

This partnership aims to provide Titanic fans, history buffs, and collectors an opportunity to own a piece of history in the form of digital assets that are connected to the actual physical artifacts from the Titanic. It is said that the NFT series will include rare, one-of-a-kind items such as a telegram from the Titanic and a menu from the ship’s last lunch. The artifacts were recovered during several expeditions to the wreck site of the Titanic, often considered the most significant maritime disaster in history.

Through the partnership, Artifact Labs and RMS Titanic, Inc. intend to utilize blockchain technology to promote transparency and traceability of ownership of the historical assets, and thus, protect them from fraud and counterfeiting. This makes NFTs an ideal medium for digital representation of physical artifacts as each token is unique and issued via blockchain technology, making it impossible to replicate or duplicate.

Furthermore, the “Titanic DAO,” which allows for community governance, ensures that the proposal of diving exploration, education plan development, research, and documentary are managed, and decisions are made in a fair and transparent manner. This system of governance enables fans, collectors, and Titanic enthusiasts to have a say in how Titanic’s history is commemorated and preserved in the future.

In conclusion, the partnership between Artifact Labs and RMS Titanic, Inc. represents a unique opportunity to showcase the value of combining blockchain and historical artifacts to create immersive and interactive experiences for fans and enthusiasts worldwide. The use of NFTs and community governance has paved the way for a new era of cultural heritage preservation, that aims to involve and empower the community.

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