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ConsenSys Acquires Asteroid Mining Company, Planetary Resources

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ConsenSys, the venture production studio, set up by former Ethereum co-founder, Joseph Lubin purchased Planetary Resources, a space company, on Wednesday. The president of Planetary Resources, Chris Lewicki and General Counsel Brian Israel, joined the ConsenSys team, post the acquisition.

Planetary Resource was started in 2012, in a bid to mine fallen asteroids for resources. Speaking on the development, Lewicki said, “Over the course of nearly a decade, Planetary Resources has simultaneously pioneered technology, business, law and policy, and brought the promise of space resources irreversibly closer to humankind’s grasp. 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.”

However, at the time of writing this article, it is not clear how the two companies will work together in tandem. The details were not mentioned in the press release put forward by Planetary Resources.

Lubin was equally ecstatic about the collaboration. In a statement he said, “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. 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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Navin Dhungana

Technology and business were my core interests, so it wasn't surprising that I got interested in cryptocurrencies, which operate at the intersection of both these things. Now I live my passion by trading cryptocurrencies and covering Cryptocurrency news.

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