Artifact Labs will then go about “immutably” preserving “5,500 recovered physical artifacts from the Titanic with its NFT standard for historical assets on the blockchain.” RMST controversially has sole salvaging rights to the wreck so fresh relics from future dives will be minted as “ARTIFACTs.” Jessica Sanders, RMST president, said: “We remain dedicated to sharing the legacy of the Titanic, her passengers and crew, with people around the world. 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.” “While RMST goes to great pains to paint it in a sympathetic light, the actions of the company show that the world’s most famous shipwreck is just there to be milked — hence NFTs as another revenue stream,” adds The Register.
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