ST. PETERSBURG, Fla., Sept. 13 2022 (GLOBE NEWSWIRE) — Treasure & Shipwreck Recovery, Inc. (“TSR” or “the Company”), (trading as OTC:BLIS), developed what some call a novel use case of non-slingable tokens to facilitate the initial and secondary market sales of objects recovered by the company since inception of operations in 2021.
Non-Fungible Tokens, or NFTs, are unique cryptographic tokens that exist on a blockchain and cannot be replicated, just like the physical artifacts and objects that Treasure & Shipwreck Recovery continued to find off the coast of East Florida. repair.
Unlike the vast majority of NFTs on the market today, select NFTs minted by TSR will represent a genuine 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 where these objects should be enjoyed by the public. We focused so much on the technology, research, logistics and legal parts of making the recovery operation successful, it took us a while to realize that we shouldn’t delay appreciating these pieces of history 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 https://treasurewreck.com/nft-test-01-the-rock/. The key 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 as much reproduce accuracy and precision as possible. from each respective photo angle. “Having the 3D model match the photos 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 blurring effect of shiny reflections and delivers more true-to-life colors in the images. The biggest improvement was switching to a professional camera with a macro lens to capture better detail. 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 around with these objects and admire them for free from anywhere in the world, which will be great for the treasure community. For collectors, many pitfalls can be avoided in today’s world; They can see exactly what they are buying, make an informed decision, transact in a secure and honest way, and then display their collection quite easily. Even on the secondary market, these objects can be resold without much question as to what they are or where they came from. Lost or stolen objects can be identified and returned to their rightful owners; The list goes on and on.”
TSR has not yet disclosed which blockchain they will use to mint their first NFTs, only claiming that the NFTs will be protected through the use of a smart contract.
TSR is a publicly traded company, audited and reporting under the SEC 1934 Act and registered under Regulation A+ for public offering. The company’s common stock is now available for purchase with a minimum investment of $750.00, at 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. Investment information can be found at https://treasurewreck.com/invest/
About Treasure & Shipwreck Recovery
You can follow TSR on our Facebook page, https://www.facebook.com/treasurewrecked. Our website will be updated as new matters are announced, including repairs, the media side and game side at www.treasurewreck.com. Instagram at https://www.instagram.com/treasurewrecked/
FORWARD-LOOKING STATEMENT: This press release and the statements of representatives of TSR. (the “Company”) related thereto contain, or may contain, inter alia, “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 any 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,” “can,” “would,” “should,” “believe “, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “eventually” or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance 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 grow 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 variety of factors, including factors and risks discussed in the periodic reports that the company files with OTC Markets (Pink Sheets). All 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 duty to update these forward-looking statements, except as required by law.
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