Ethereum Studio ConsenSys Acquires Asteroid Mining Firm Planetary Resources

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New York-based blockchain software technology company ConsenSys has recently acquired Washington-based asteroid mining company Planetary Resources.

According to an announcement published by Planetary Resources, ConsenSys has taken over the asteroid mining firm through a recent asset-purchase transaction and has absorbed CEO Chris Lewicki and general counsel Brian Israel.

Founded in 2012, Planetary Resources was initially launched in a bid to “expand Earth’s natural resource base” by developing technologies for asteroid mining.

As it stands, the firm has so far successfully launched two satellites into Earth orbit, including an infrared imager its Arkyd-6 craft. However, after failing to complete a funding round slated to be launched in June, the firm has since been left financially strapped, Geekwire reported.

With the new acquisition, ConsenSys aims to support the firm’s space initiatives. Expressing his admiration for Planetary Resources’ record and talent, ConsenSys founder Joe Lubin stated:

“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.”

Emphasizing how proud he was of the Planetary Resources team’s “extraordinary accomplishments,” Lewicki also expressed gratitude to the firm’s previous supporters. As he went on stating, Planetary Resources will continue its goal “to expand humanity’s economic sphere of influence into the solar system,” adding that:

“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.