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Space Technology Firm Plans To Take Physical Dogecoin (DOGE) to the Moon Next Month

Space Technology Firm Plans To Take Physical Dogecoin (DOGE) to the Moon Next Month

A space technology firm says that it has plans to physically take the popular meme asset Dogecoin (DOGE) to the moon in December. In a new announcement, the team behind the popular dog-themed digital asset says that Astrobotics – a firm specializing in developing space robotics technology – is planning on stashing physical DOGE on […]

The post Space Technology Firm Plans To Take Physical Dogecoin (DOGE) to the Moon Next Month appeared first on The Daily Hodl.

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BRICK and MOON trading starts today on spot and futures!

We’re thrilled to announce that Bricks (BRICK) and Moons (MOON) start trading today on Kraken! Funding and trading BRICK and MOON funding is live now and trading starts later today. Add BRICK and MOON to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit.  Only deposit MOON and BRICK tokens using […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Bitcoin’s BRC20 Token Economy Skyrockets 192% to $279 Million in Just Four Days

Bitcoin’s BRC20 Token Economy Skyrockets 192% to 9 Million in Just Four DaysFour days ago, the market capitalization of all the BRC20 tokens built on top of the Bitcoin network was a modest $95 million. However, over the past four days, the BRC20 market valuation has seen tremendous growth, increasing by 192% and reaching $279 million. More Than 13,000 BRC20 Tokens Built on Bitcoin Are Now Worth […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Moon: The Lunar Metaverse Launches Revenue Generating NFT Land Sale

Moon: The Lunar Metaverse Launches Revenue Generating NFT Land SaleMoon is a brand new economic, and social Metaverse inspired by lunar exploration. Players have the opportunity to acquire NFT land plots, develop a new world, drive its economy and uncover the mysteries of the Moon’s dark side. The limited collection at the best possible value of 1000 land plots launches today. Launching today the […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

DOGE vs BTC: Elon Musk declares crypto ‘space race’ with BitMEX has begun

Can BitMEX and Bitcoin beat Elon Musk and Dogecoin to launch the first crypto asset into lunar orbit?

A 21st-century space race appears to be brewing between Elon Musk and BitMEX, with both parties pledging to launch their respective crypto of choice to the literal moon first.

On June 4, the popular crypto derivatives exchange BitMEX announced it would be supporting space robotics firm, Astrobotic Technology, in the company’s mission to send its first commercial lander to the moon during Q4 2020.

Noting that the mission aims to be the first instance in which “a private company leading a coalition of government, academia, industry, and international partners reaches the lunar surface,” BitMEX plans to make the occasion by delivering a one-of-a-kind physical Bitcoin to the moon’s surface. Referring to Musk as a “Dogecoin protagonist,” BitMEX added:

“We’ve nothing against Dog Money, we felt it was only right to help Bitcoin get there first.”

The announcement followed Elon Musk’s early May news that SpaceX is planning to launch a Dogecoin-funded payload on one of its first rockets to the moon, asserting that DOGE would become the first cryptocurrency to reach lunar orbit next year.

Elon Musk responded to BitMEX’s newfound astronomic ambitions on Twitter, proclaiming: “A new space race has begun!”

While replies to Elon’s tweet are largely his followers barracking for DOGE to win the crypto space race, others noted there are more pressing problems on Earth than whether one’s crypto token of choice is the first to enter the orbit of another celestial body.

While few projects exploring the utility of establishing crypto infrastructure from space have captured the mainstream imagination like Musk’s Dogecoin expedition has, the Tesla CEO’s plans to take cryptocurrency out of this world are not the first.

Blockstream appears to have been the first in pioneering the use of crypto satellites, launching satellites to broadcast Bitcoin transactions from space in August 2017.

In August 2020, Robonomics and Kusama announced an ambitious plan to develop “an interplanetary architecture” capable of relaying data between Mars and Earth using the Kusama network.

CryptoSat outlined the concept behind its ambitious plan to launch a nano-satellite the size of a coffee mug into space in a November 2017 whitepaper, with the satellite slated to operate as an isolated cryptographic module from orbit. The team plans to prove the concept with a launch this year before sending an entire constellation of CryptoSats into orbit later on.

Spacechain similarly launched in 2017, and has successfully deployed nodes in orbit. On June 3, 2021, the project announced its multisig Ethereum payload destined for installation on the International Space Station had been launched aboard a SpaceX rocket.

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