PO8

Leveraging blockchain technology to recover and reshape ownership of sunken artifacts from our ocean floors.

P08 is a tech company in the marine archaeology space utilizing blockchain, artificial intelligence and robotics to recover and tokenize a unique set of underwater cultural heritage assets and reshape their ownership by digitizing them as Non-Fungible Tokens (NFTs), with a stored value of the underlying asset. The company’s main revenue generators include: monetizing recovered items, transaction fees from its NFT Marketplace, and other ancillary revenues from licensing big data, visual content, and its museum foundation.

Market Size

There are three (3) million underwater shipwrecks worldwide today according to the United Nations Educational, Scientific and Cultural Organization (UNESCO). The map illustrates a list of comparable shipwrecks from around the world that have yet to be fully recovered.

Globally it is estimated the market size of sunken shipwrecks with valuable cargos is in the billions of doallrs.
Many of the sunken ships date back to the Spanish Galleon treasure ships of the Spanish Empire that would fall victim to and perish from bad weather pirate attacks and acts of war. For most of the last two decades, marine salvage companies have been dissuaded from searching the waters of the Bahamas. In 1999, the Government put in place a moratorium on the Search and Salvage of Historic Shipwrecks in The Bahamas.

From 1972 to 1999. 71 permits for the search and recovery of shipwrecks were issued. Of the 71 permits only one had a cash payout. Lacking any real advancement and sustainable gains, The Bahamas has not positively benefited from the shipwreck salvaging industry since its inception. As they have not benefited, its only fitting they would deter treasure seekers. P08, however, has developed a relationship with the Bahamas’ Government that is mutually beneficial..