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A Twenty first-century area race seems to be brewing between Elon Musk and BitMEX, with each events pledging to launch their respective crypto of option to the literal moon first.

On Friday, common crypto derivatives alternate BitMEX announced it will be supporting area robotics agency Astrobotic Expertise within the firm’s mission to ship its first business lander to the moon throughout This fall 2020.

Noting that the mission goals to be the primary occasion through which “a non-public firm main a coalition of presidency, academia, trade, and worldwide companions reaches the lunar floor,” BitMEX plans to make the event by delivering a one-of-a-kind bodily Bitcoin (BTC) to the moon’s floor. Referring to Musk as a “Dogecoin protagonist,” BitMEX added:

“We’ve nothing in opposition to Canine Cash, we felt it was solely proper to assist Bitcoin get there first.”

The announcement adopted Musk’s early Could information that SpaceX is planning to launch a Dogecoin-funded payload on certainly one of its first rockets to the moon, asserting that Dogecoin (DOGE) would grow to be the primary cryptocurrency to achieve lunar orbit subsequent yr.

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

Whereas replies to Elon’s tweet are largely his followers barracking for DOGE to win the crypto area race, others famous there are extra urgent issues on Earth than whether or not one’s crypto token of alternative is the primary to enter the orbit of one other celestial physique.

Whereas few tasks exploring the utility of building crypto infrastructure from area have captured the mainstream creativeness like Musk’s Dogecoin expedition has, the Tesla CEO’s plans to take cryptocurrency out of this world aren’t the primary.

Blockstream seems to have been the primary in pioneering the usage of crypto satellites, launching satellites to broadcast Bitcoin transactions from space in August 2017.

In August 2020, Robonomics and Kusama introduced an bold plan to develop “an interplanetary structure” able to relaying data between Mars and Earth utilizing the Kusama community.

CryptoSat outlined the idea behind its bold plan to launch a nano-satellite the dimensions of a espresso mug into area in a November 2017 white paper, with the satellite tv for pc slated to function as an isolated cryptographic module from orbit. The group plans to show the idea with a launch this yr earlier than sending a whole constellation of CryptoSats into orbit afterward.

Spacechain equally launched in 2017 and has efficiently deployed nodes in orbit. On June 3, 2021, the venture announced that its multisig Ethereum payload destined for set up on the Worldwide Area Station had been launched aboard a SpaceX rocket.