Tokenized Sale of Payload Space Announced
Copernic Space, in cooperation with Lunar Outpost, have announced the first tokenized sale of payload space available to the public. This tokenized sale of payload space will allow public purchase, utilization, division, and resale of payload space through an e-commerce like experience. The sale addresses the issue of there being no digital market or economic mechanisms for the public to directly participate in space commercialization, the companies say.
"Cryptocurrency and digital assets will not only enable the market to easily acquire space assets such as payload space or satellite data, but will open the flood gates on commercialization and capital that can bring untold public benefit, ranging from environmental to economic."
Copernic Space CEO and co-founder Grant Blaisdell.
Copernic Space's platform will allow companies and the general market to buy, fractionalize, and sell space assets in the form of Non-Fungible tokens (NFTs), in this case, payload space on Lunar Outpost's M1 MAPP rover headed for the Moon in Q4 of 2022. The NFTs of payload space not only provides the owner rights and utility to the space on the rover itself, for those that have purchased the minimum amount to do so, but it also creates the first true space asset market and a secondary market because of its unique application of NFTs that creates divisible and resellable payload space.
"Cryptocurrency and digital assets will not only enable the market to easily acquire space assets such as payload space or satellite data, but will open the flood gates on commercialization and capital that can bring untold public benefit, ranging from environmental to economic." said Copernic Space CEO and co-founder Grant Blaisdell.
"By teaming with Copernic Space, Lunar Outpost will be able to offer ownership of assets to a new class of customers. This platform represents a substantial step forward in making space accessible to everyone." says Lunar Outpost co-founder and COO Julian Cyrus.
Copernic Space applies blockchain technology and innovative business models to enable mass-market access to space assets and investment opportunities. Lunar Outpost is an advanced robotics company with a focus on developing technologies that have both Earth and space applications. Lunar Outpost made history as the first commercial company to collect payment for a space resources contract.
(Image provided with Copernic Space news release)