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Blockchain startup ConsenSys has acquired Planetary Resources, a space company, through an asset-purchase transaction.
Founded in 2009, Planetary Resources was focused on providing resources for people and products in space through identifying, extracting, and refining resources from near-Earth asteroids. According to its official website, the company launched its first technology demonstration satellite back in 2015. In 2016, it partnered with the Government of Luxembourg to advance the space resources industry.
More recently, it launched the Arkyd-6 containing a demonstration of technology designed to detect water resources in space and has completed the world’s first deep space resource exploration plan to characterize hydrated resources on near-Earth asteroids.
As part of this acquisition, Planetary Resources’ President and CEO Chris Lewicki and General Counsel Brian Israel have joined ConsenSys.
Lewicki has previously served at NASA’s Jet Propulsion Laboratory as Flight Director of the Spirit & Opportunity Mars rovers and Phoenix Mars lander before co-founding and leading Planetary Resources.
Israel served in the U.S. State Department’s Office of the Legal Adviser for nearly 8 years, where he was responsible for the international legal dimensions of outer space, oceans and international environmental governance matters, and served as U.S. Representative to the United Nations space law body.
According to the official announcement, ConsenSys will operate its space initiatives out of Planetary Resources’ former facility in Redmond, WA.
Commenting on the acquisition, Ethereum Co-founder and ConsenSys Founder Joe Lubin said,
“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. We look forward to sharing our plans and how to join us on this journey in the months ahead.”
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