ZenX, CeDeFi incubator and ecosystem and Unizen, a leading smart exchange ecosystem, announced a partnership with Geometric Energy Corporation (GEC) to develop and launch DOGE-1, the first crypto-funded mission to the moon, Invezz learned from a press release.
The spacecraft will collect lunar-spatial data using its onboard sensor and camera array and transmit it to GEC via its onboard communications module.
Sean Noga, CEO of Unizen and ZenX, said:
Geometric Energy Corporation is a truly innovative and ambitious team with an impressive vision for the future and a deep belief in ever expanding use cases. XI Protocol is a groundbreaking evolution in how space infrastructure connects to distributed ledger technology. Initially, this technology will enable satellite-based, space display screens (driven by tokenized claims) and the untapped realm of Web3 connected data reporting rewards on SATCOM communication networks.
A first for the crypto and space community
This partnership is pioneering in both the crypto and space community. The launch of SpaceX Falcon 9, scheduled in the first quarter of next year, was funded with Dogecoin (DOGE/USD), making it the first space mission paid for using cryptocurrency.
Tom Ochinero, SpaceX Vice President of Commercial Sales, said:
This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce. We’re excited to launch DOGE-1 to the Moon!
Samuel Reid, CEO of GEC, said:
Geometric Energy Corporation is proud to partner with Unizen for pushing the boundaries of distributed ledger technology in space, and grateful for their ongoing collaboration to help bring us to the moon!
DOGE-1 might become the first cubesat to reach the moon
More than 1,600 cubesats (square-shaped mini satellites) have been launched to date, but they have all been launched into Low Earth Orbit (LEO), which is between 100 – 1,200 miles above Earth’s surface. DOGE-1 could be the first cubesat in history to reach the moon, marking a significant achievement for global spaceflight.
A milestone for large-scale crypto-funded projects
Although it has yet to take place, the mission is a significant success because it has shown that cryptocurrency can be a flexible, yet stable form of financing for projects of great magnitude. The partners are convinced this historic use case will become a milestone for other crypto-funded missions.
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