Treasure & Shipwreck Recovery Bolsters Marketplace for recovered objects with “novel” NFT-based sales platform
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ST. PETERSBURG, Fla., Sept. 13, 2022 (GLOBE NEWSWIRE) — Treasure & Shipwreck Recovery, Inc. (“TSR” or the “Company”), (trading as OTC: BLIS), has developed what some call a novel use case of non -fungible tokens to power the initial and secondary market sales of items recovered by the company since the start of operations in 2021.
Non-Fungible Tokens, or NFTs, are unique cryptographic tokens that exist on a blockchain and cannot be replicated, much like the physical items and items Treasure & Shipwreck Recovery has continued to recover off the coast of East Florida.
Unlike the vast majority of NFTs on the market today, selected NFTs marked with TSR will represent a real object from the company’s collection. Not only will these NFTs display a realistic 3D scan of the object and a description of its history, but they will also be sent to the address specified by the buyer at the time of purchase. “The time has come for these objects to be enjoyed by the public. We have focused so much on the technology, research, logistics and legal parts of making the recovery operation successful that it took us a while to realize that we should not delay the appreciation of these parts of the story any longer,” said Craig Huffman, president and chairman of TSR . “Soon from anywhere in the world you will be able to study these amazing objects in exquisite detail and even have them delivered to your door.”
The company recently shared an initial test 3D rendering of an object they refer to as “The Rock” on their website. The important part of the test, according to the company, was the use of a highly customized photogrammetry application and process that translates a series of images into a fully rendered 3D object, with the aim of rendering the 3D object with as much accuracy and precision as possible from each respective photography angle. “Getting the 3D model to match the photographs in such a way that the details are almost indistinguishable was a sigh of relief,” said a developer working on the project. “Now we focus on the photographs, which are a more predictable and practiced art form. Our new lighting setup reduces the blur effect of shiny reflections and reproduces more true colors in the images. The biggest improvement was switching to a professional camera with a macro lens to capture better details . And of course, the more photos in each series, the better.”
“Having NFTs with detailed 3D renderings that match the real objects will accomplish a lot for our industry,” said Craig Huffman, president and chairman of TSR. “First of all, anyone can play with these objects and admire them for free from anywhere in the world, which will be great for the tax community. For collectors, many pitfalls in today’s world can be avoided; They can see exactly what they are buying, make an informed decision, shop safely and honestly, and then confidently display their collection with ease. Even on the secondary market, these items can be resold without much question as to what they are or where they came from. Lost or stolen items can be identified and returned to their rightful owners; the list goes on and on.”
TSR has yet to reveal which blockchain it will use to create its first NFTs, only claiming that the NFTs will be safeguarded using a smart contract.
TSR is a publicly traded company, audited and reporting under the SEC 1934 Act and registered under Regulation A+ for public offerings. The Company’s common stock is now for sale, with a minimum investment of $750.00, for the base price of $0.03 per share. In addition, investors will have a one-year period to purchase additional shares at $0.06 per share. You can find investment information at
About Treasure & Shipwreck Recovery
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FORWARD-LOOKING STATEMENTS: This press release and the statements from representatives of TSR. (the “Company”) related herein contains, or may contain, among other things, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein, are “forward-looking statements,” including other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as “guidance”, “projects”, “may”, “could”, “would”, “should”, “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “eventually” or similar expressions. All forward-looking statements involve significant assumptions, risks and uncertainties, and the expectations in such statements may turn out to be incorrect. Investors should not rely on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results (including, without limitation, TSR’s ability to advance its business, generate revenues and profits and operate as a public company) may differ materially from those stated or expected in these forward-looking statements as a result of a number of factors. , including factors and risks discussed in the periodic reports that the company submits to OTC Markets (Pink Sheets). Any forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The company undertakes no obligation to update these forward-looking statements except as required by law.
COMPANY CONTACT:
Website: www.treasurewreck.com
Investor Relations Email: [email protected]
Investor Relations Phone: (813) 563-8777
Source: Treasure & Shipwreck Recovery, Inc.
