A blockchain agency purchased asteroid mining firm Planetary Assets • TechCrunch

Right here’s a match made in…I don’t know, someplace on the blockchain, I suppose. Pioneering area startup Planetary Assets was acquired by, of all issues, a blockchain agency this week. ConsenSys, a Brooklyn primarily based agency that focuses on all issues Ethereum issued an announcement noting that it has snagged the asteroid mining  firm.

It’s not totally clear how the 2 corporations will work collectively, although ConsenSys founder Joe Lubin (who additionally helped writer Ethereum) did handle to say “decentralizing area endeavors,” which is definitely on-brand for the top of a blockchain firm.

“I love Planetary Assets for its world class expertise, its file of innovation, and for uplifting folks throughout our planet in help of its daring imaginative and prescient for the longer term,” Lubin mentioned in an announcement tied to the information. “Bringing deep area capabilities into the ConsenSys ecosystem displays our perception within the potential for Ethereum to assist humanity craft new societal rule programs by automated belief and assured execution. And it displays our perception in democratizing and decentralizing area endeavors to unite our species and unlock untapped human potential.”

Lubin additionally promised to supply up extra info within the coming months. Meantime, Planetary Assets CEO Chris Lewicki (previously of NASA JPL) and Normal Counsel Brian Israel will each be becoming a member of ConsenSys. Right here’s what Lewicki needed to say concerning the matter, “I’m pleased with our crew’s extraordinary accomplishments, grateful to our visionary supporters, and delighted to hitch ConsenSys in constructing atop our work to develop humanity’s financial sphere of affect into the Photo voltaic System.”

Based in 2010 as Arkyd Astronautics, Planetary Assets was thought of a vibrant mild on the earth of privatized area corporations, with X Prize founder Peter Diamandis on-board as director. Earlier this 12 months, nonetheless, the corporate famous that it was rethinking its method and making cutbacks after failing to secure its most up-to-date funding spherical.

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