Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: cryptochris1 on January 22, 2019, 03:57:10 PM
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A unique startup company has emerged in the Bahama's known as PO8.
Working in close contact with the Bahamian government, they are merging artifact preservation, virtual reality and gaming.
The primary link to cryptocurrencies is the exploration and discovery of The Bahama's estimated $100 Billion dollars worth of undiscovered underwater artifacts and allowing investors to buy ownership of these artifacts via nonfungible tokens.
Upon recovery, these artifacts will remain safely within "The Wave" which is PO8's 50,000 sq ft museum that is set to start construction on later this year.
The implementation of nonfungible tokens means the artifacts can remain safe with proper authorities while also allowing investor's to retain ownership. The NonFungibleToken or NFT for short, also affords investors a significantly greater degree of liquidity. Rather than physically transacting with another party, ownership of physical assets can be transferred via a trusted exchange.
With an army of ROV's or Remotely Operated Underwater Vehicles, PO8 plans to begin intensive mapping and mineral scanning of the seafloor surrounding the bahama's. Upon collection, this intellectual property will be leased to the gaming and film industries, allowing for sustainable capitalization of the islands native resources.
The most interesting part is the branch of PO8's organization called Skully's, a reward based digital collectibles game. Using geo-location, Skullys allows players to raise a digital flag at their location. Players can then challenge others for land, the winner of which will earn daily crypto rewards for their efforts.
The founder Matt Arnett stated "We will put The Bahama's on the world crypto stage. The Bahamas has now set its eyes on making Grand Bahama the crypto capitol of the America's. The Bahamas understands now is the time to welcome and innovate with blockchain technology"
The group's impressive team also includes Claudio Bonifacio, a world-renowned shipwreck expert and Dave Gallo, an oceanographer previously involved in the mapping of the Titanic, Air France Flight 447, and Ernest Shackleton's ship HMS Endurance.