The artifacts found from the wreckage of the Titanic will be identified through a strategic partnership driven by the Titanic butler company and using blockchain technology.

A tripartite partner consisting of the RMS Titanic (RMST), the company's headquarters in Hong Kong Venture Smart Financial Holdings and the Web3 Enterprise Artiact Labs will identify the valuable cultural relics in the Titanic to unlock the thousands of functions of Web3.

The preferred cultural relics inundated by the Titanic will be preserved by irreplaceable tokens (NFT) and will be open to the public to share the right to use. RMST has exclusive control over the fishing of artifacts from the Titanic and a wider area of wreckage at the bottom of the North Atlantic.

The task of Venture Smart Financial Holdings is to construct the symbolic structure of enterprise intellectual property related to cultural relics. This representative proprietary tool is designed to be distributed to recognized investors to create a way of "compliance managed equity financing" to provide financial support for the ongoing scientific research, recycling, storage, display and approval of RMST assets.

The Antiquities Laboratory will use its internal NFT block chain system software to establish a NFT for 5500 artifacts found from the capsized ship. Artifacts recovered from the Titanic's resting place in the future will also be forged into NFT.

This NFT is touted as giving exclusive agency benefits to collectors, including VIP events and exhibitions, seminars with historians and other exclusive agency experiences. NFT will establish a digital way to communicate with RMST specific content outside the physical line exhibitions in Porto and Las Vega.

According to the announcement, the first launch of the Titanic NFT will feature a more limited digital collection, laying the foundation for the Titanic's Web3 community.

The Antiquities Lab also plans to establish Titanic Island (a fragmented autonomous organization) to allow team members to participate in various promotions and suggestions for future Titanic ruins exhibitions.

DAO will also promote the rapid development of education and training programs, digital content and documentaries, scientific research and strategic partnership activities. It is expected that the DAO team will also have a say in storing and displaying artifacts found in the wreckage.

The Titanic Island vault will be managed with tokens by its team members, and its assets will be derived from the profits made by NFT.

Jessica Sanders, chief executive of RMST, highlighted the intention of the initiative in a statement to preserve the Titanic's property and artifacts through digital innovations such as NFT and blockchain technology:

As an aid provider at the scene of the capsizing of the Titanic, we are confident that the ship's cultural relics will be preserved and used for future generations. I always believe that entering the digital indoor space enables us to reach a wider audience through high-quality variety shows, which have educational and motivational effects.

Cointelegraph has already contacted RMST and the Antiquities Lab to confirm how the use and management of Titanic artifacts had been handled in the past, and how blockchain technology and identification should grant shared access to such heirloom objects.