What is PO8? PO8 is a tech company creating scalable blockchain solutions for the artifact conservation and investing sector. With its primary focus centered on the marine archaeology space, PO8 is utilizing blockchain technology, artificial intelligence and robotics to recover and tokenize a unique set of underwater cultural heritage assets and reshape their ownership by tokenizing them as NFTs, with a stored value of the underlying asset.
While the initial focus of artifact recovery will take place underwater and subsequently on land, it does not limit the participation of other fully restored and exhibit-ready artifacts to gain access to an investor pool looking to invest in artifact-backed NFTs. In an age when museums are struggling to keep their doors open due to higher operating costs, PO8’s marketplace aims to offer a viable solution for both the scientific community and museums owners to bridge capital gaps, providing a new channel to raising capital, while creating a deal-flow of impact-driven investments in artifact conservation for investors and collectors worldwide.
PO8 will help usher in a new era of artifact conservation strengthened by the benefits of NFT digital assets, blockchain-based asset management and its PO8 utility cryptocurrency token. In doing so, PO8 will deter the sale of physical artifacts in the black market or to private collectors, instead promoting the ownership of an artifacts’ digital ownership via an NFT. This will ensure an artifact remains in the custody of the PO8 Foundation or its museum network for continued studies by the archaeology community and to be exhibited in various museums worldwide.
Problems and Solutions#1
Problem - Limited Access to Artifact Investments
Artifact investments are traditionally reserved for the ultra-rich high and net worth individuals.
Solution - Non Fungible Investment Vehicle
Non Fungible Investment Vehicles (NFIVs) are securitized Non Fungible Tokens with a store of value that provides financial benefits by generating possible earnings, hedges against inflation and currency devaluations.
#2
Problem - Illicit Sales of Artifacts in Black Market
The black market in antiquities has become part of an illicit art industry estimated between $4.5 and $7 billion annually, making it third only to the black market in narcotics and arms.
Solution - Non Fungible Tokens
Physical artifacts stay in possession of PO8 Museum Foundation to be studied, preserved, and exhibited. Smart contract token (NFT) representing ownership of underlying artifact can be sold.
#3
Problem - Mismanagement and Corruption
Mismanagement of government issued marine salvage permits. In 20 Years, 71 permits and 1 payout of $300K.
Solution - Distributed Ledger Technology
Provenance of recovered artifacts live on a transparent and immutable blockchain.
#4
Problem - Slow Economies
Limited opportunities to diversify local economies. Downtrend industries, unemployment, increasing national debt.
Solution - Sustainable Economic Impact Economic
Impact through underutilized artifact assets. Monetizing recovered artifacts through NFTs. Blockchain becomes a new industry and more jobs: Divers, Museum staff, etc.
How it works?
