A blockchain firm bought asteroid mining company Planetary Resources – TechCrunch
Here’s a fit made in…I don’t know, someplace at the blockchain, I suppose. Pioneering house startup Planetary Resources used to be obtained via, of all issues, a blockchain firm this week. ConsenSys, a Brooklyn based totally firm that makes a speciality of all issues Ethereum issued a statement noting that it has snagged the asteroid mining company.
It’s no longer completely transparent how the 2 firms will paintings in combination, although ConsenSys founder Joe Lubin (who additionally helped writer Ethereum) did organize to say “decentralizing space endeavors,” which is indisputably on-brand for the pinnacle of a blockchain company.
“I admire Planetary Resources for its world class talent, its record of innovation, and for inspiring people across our planet in support of its bold vision for the future,” Lubin mentioned in a remark tied to the scoop. “Bringing deep space capabilities into the ConsenSys ecosystem reflects our belief in the potential for Ethereum to help humanity craft new societal rule systems through automated trust and guaranteed execution. And it reflects our belief in democratizing and decentralizing space endeavors to unite our species and unlock untapped human potential.”
Lubin additionally promised to supply up additional info within the coming months. Meantime, Planetary Resources CEO Chris Lewicki (previously of NASA JPL) and General Counsel Brian Israel will each be becoming a member of ConsenSys. Here’s what Lewicki needed to say concerning the subject, “I am proud of our team’s extraordinary accomplishments, grateful to our visionary supporters, and delighted to join ConsenSys in building atop our work to expand humanity’s economic sphere of influence into the Solar System.”
Founded in 2010 as Arkyd Astronautics, Planetary Resources used to be thought to be a shiny gentle on the earth of privatized house firms, with X Prize founder Peter Diamandis on-board as director. Earlier this yr, alternatively, the company famous that it used to be rethinking its means and making cutbacks after failing to safe its most up-to-date investment spherical.