Blockchain company Unizen and the DeFi incubator ZenX have announced they are in the process of building and launching DOGE-1, a satellite which will be launched aboard a SpaceX Falcon 9 rocket, which is set to launch early in 2022.
Elon Musk, CEO of SpaceX announced the company’s plans to launch a rocket carrying a Doge-1 satellite on April fools day via Twitter:
“SpaceX is going to put a literal Dogecoin on the literal moon” Musk tweeted.
Many at the time thought it was a joke, given the day the tweet was posted, however since then the SpaceX mission has been confirmed, with plans to launch a commercial satellite payload in 2022, funded by Dogecoin.
The two blockchain companies that today revealed they are in the process of building the 40 kilogram satellite along with producer Geometric Energy Corporation. The businesses noted that the launch of the cubesat could have even greater significance other than being the first crypto-funded payload to go to space.
“NASA’s CAPSTONE was set to be the first cubesat to reach the moon, but it has been delayed a number of times and has a current launch date of late March 2022,” the businesses reported. “This means that DOGE-1 could be the first cubesat in history to reach the moon, marking a significant achievement for global spaceflight.”
Dogecoin has become one of the most talked about cryptocurrencies, emerging over the past year as the favourite crypto of a number of celebrities, and gaining prominence after the support of Elon Musk who has tweeted in support of the cryptocurrency several times. While it may have started out as in an internet meme, the SpaceX mission that will take a DOGE-1 satellite to the moon will mark out a new application for the cryptocurrency, and cement it in the history books.
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