The Titanic story became one of the most famous and emblematic as a result of the film directed by James Cameron and starring Kate Winslet and Leonardo Dicaprio.
Although to date we continue to make physical calculations about the possibility that Jack could also have climbed to the door, there is also a series of investigations and explorations that are carried out to rescue everything possible about the impressive history that this ship suffered. when it hit an iceberg on its way to New York, sinking in the cold waters of the North Atlantic.
Selling Titanic NFTs
The American company RMS Titanic Inc (RMST), responsible for salvaging the objects from the shipwreck, announced a partnership with two Hong Kong companies to bring the wreck of the Titanic and its 5,500 relics to Web3 in NFT (non-fungible token) format.
The collection will feature a limited edition NFT, a collectible digital asset that uses ‘blockchain’ technology to ensure its exclusivity and authenticity.
NFT buyers will form the first Titanic-themed community called Web3. The company VSFG will be in charge of the structure of the transformation of the intellectual property in NFTs, which will allow the raising of capital for the investigation, preservation and exhibition of the licenses of the digital assets of RMS Titanic.
How does selling Titanic NFTs work?
Selling NFTs, also known as non-fungible tokens, is a simple process that allows artists, musicians, and collectors (as in the case of the Titanic), to sell unique and authentic digital pieces online.
Consider the case of the Titanic. To begin with, the company RMS Titanic rescues from the bottom of the ocean the objects it can from the ship. These items are then uploaded to a platform that supports NFT selling, and made available for sale.
The buyer interested in acquiring a unique DIGITAL item -not physical objects- can make an offer or buy it directly at the price established by the seller. The transaction is carried out using cryptocurrency and is recorded in a public ledger called the blockchain, which guarantees the authenticity and exclusive ownership of the work.
Once the sale is complete, the buyer receives the unique digital item as a digital file that can be downloaded and saved to a device. The work becomes a non-fungible token, which means that it is unique and cannot be exchanged for another work of equal value.