Fusion Foundation, the non-profit organization building the next generation infrastructure for decentralized global finance, announced that it has partnered with PO8, a Bahamian-based tech company that is tokenizing archaeological assets, to optimize PO8’s platform with Fusion’s interoperable blockchain protocol.
PO8’s mission is two-fold: to recover lost marine artifacts, and to create a highly accessible Non-Fungible Token (NFT) marketplace that will democratize access to artifact-based investments. NFTs represent digital ownership of recovered artifacts.
NFT smart contracts containing unique asset data that is cryptographically certified, confirming ownership of each physical artifact. This new marketplace will empower millions of investors, collectors, and the general public to invest and participate in the conservation of artifacts of historical and cultural significance.
“At Fusion, our goal is to enable a connected ecosystem for all financial transactions. By partnering with PO8, we will increase the interoperability within the existing NFT code and create new investment opportunities for participants in artifact-based assets.”
For Fusion, this partnership signifies the first NFT adoption within its ecosystem. Fusion’s Distributed Control Rights Management System (DCRM) and its approach to time-locking tokens provides PO8 with a solution to its Non-Fungible Investment Vehicle (NFIV) products. NFIVs are securitized NFTs with a value from archaeological artifacts.
“An interoperable blockchain with a time-lock feature is pivotal for the mass adoption of our Non-Fungible Investment Vehicles. We see Fusion bringing tremendous value to our NFT products by simplifying the process in which our artifact-backed NFTs can generate earnings and distribute dividends to its owners. We look forward to working with Fusion to reshape ownership artifacts and bring NFTs to the masses.”