Saturday, November 3, 2018

Asteroid mining company Planetary Resources acquired by blockchain firm

What, no 3D printed cannabis edibles?
Asteroid mining ETH peeps want 3D printed cannabis edibles.
And robots, lots of robots.

From SpaceNews:
Planetary Resources Inc., once a high-flying company backed by billionaires with aspirations to mine asteroids, only to later suffer funding problems, has been acquired by a blockchain company, the firms announced Oct. 31.

Planetary Resources said in a statement that it was acquired by ConsenSys, Inc. in an “asset-purchase transaction.” The companies did not disclose specific terms of the agreement. Chris Lewicki, the president and chief executive of Planetary Resources, and Brian Israel, the company’s general counsel, will join ConsenSys as part of the deal.

ConsenSys describes itself as a “blockchain venture production studio focused on building and scaling tools, disruptive startups, and enterprise software products powered by decentralized technology, specifically Ethereum.” Ethereum itself is a decentralized computing platform best known for supporting a cryptocurrency called Ether similar to the better-known bitcoin.
ConsenSys was founded by Joseph Lubin, one of the co-developers of Ethereum, in 2015. It said it has more than 1,100 employees on six continents. ConsenSys has more than three dozen “spokes,” or companies working on various projects that make use of Ethereum, including financial management company Balance, journalism platform Civil and gaming company Virtue Poker.

In a statement, Lubin said that Planetary Resources’ expertise in space would be folded into ConsenSys. “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,” he said, referring to the “smart contracts” enabled by Ethereum. “And it reflects our belief in democratizing and decentralizing space endeavors to unite our species and unlock untapped human potential.”

Lubin didn’t disclose how specifically Planetary Resources fit into his company other than that he would be “sharing our plans and how to join us on this journey in the months ahead.”...MORE
Previously on Planetary Resources:
April 2012
"Are Ross Perot Jr. and Google's Founders Launching a New Asteroid Mining Operation?"
December 2012
Asteroid Mining: "A Start-Up Sees a Gold Rush Among the Stars"
June 2016
Bayer Wants to Use Super-Powered Satellites to Improve Farming
May 2016
Wannabe Asteroid Miner Planetary Resources Raises $21.1 Million In Series Alpha Round