Artifact Labs Collaborates with RMS Titanic, Inc. to Launch NFT Series and Titanic DAO

02/22/2023 07:19 • Daily Digest • 139 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”

Interpretation of the news:

Artifact Labs, a virtual asset management company, announced its collaboration with RMS Titanic, Inc., the legal affairs subsidiary of the Royal Cruise Line Titanic, to launch the NFT series based on the physical cultural relics recovered by the Titanic. This collaboration would bring forth an exciting opportunity for the individuals interested in dealing with virtual assets of one of the world’s most famous ships that sank over a century ago. The incorporation of the blockchain in the NFT series would ensure the credibility and authenticity of the ownership of the artifacts.

In addition to the NFT series, Artifact Labs would initiate the “Titanic DAO,” aimed at community governance to manage several proposals of diving exploration, development of education plans, digital content creation, and research plan for the future Titanic site. The DAO would be facilitated through the blockchain technology, allowing the community members to vote for the future developments of the program.

The launch of the Titanic DAO is an innovative move towards decentralizing the decisions related to the Titanic. By creating a blockchain-based platform, Artifact Labs is not only providing a secure and efficient infrastructure to its community members but also ensuring that all decisions related to the Titanic are taken in a decentralized manner. Moreover, the engagement of community members would result in an unbiased decision-making process with the majority ruling the verdict.

Furthermore, the launch of the NFT series would provide a digital representation of the physical cultural relics recovered from the Titanic, thereby creating a new level of asset management. By utilizing the blockchain technology, the NFT series would guarantee the credibility and authenticity of the ownership of the artifacts, and it would also provide a marketplace for the buying and selling of these virtual assets for the collectors and enthusiasts worldwide.

In conclusion, the collaboration between Artifact Labs and RMS Titanic, Inc. is set to change the traditional asset management approach by introducing virtual management of cultural artifacts. The Titanic DAO and the NFT series would provide an exciting opportunity for the enthusiasts to engage with the Titanic. The Titanic DAO with community governance and decision-making processes would ensure the decisions taken for the Titanic are decentralized and fair.

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