Why did blockchain company buy asteroid venture?

Chris Lewicki
Planetary Resources President and CEO Chris Lewicki talks about the company’s satellite ambitions at the 2014 GeekWire Summit. (GeekWire Photo)

After months of financial uncertainty, the Planetary Resources asteroid-mining venture says its assets have been purchased by the Brooklyn-based ConsenSys blockchain venture.

In a news release, Planetary Resources said its CEO and president, Chris Lewicki, and general counsel Brian Israel have joined ConsenSys in connection with the acquisition. ConsenSys will operate its space initiatives out of Planetary Resources’ former facility in Redmond, Wash.

Further details about the transaction are confidential, Planetary Resources spokeswoman Stacey Tearne told GeekWire in an email.

ConsenSys is a production studio that creates enterprises in a wide range of business areas based on the Ethereum platform for cryptocurrency and other blockchain applications. It has spawned 50 ventures, or “spokes,” including an online poker site, a legal services site and a “transmedia universe integrated with blockchain technology” called Cellarius.

The company’s founder is Joe Lubin, who co-founded Ethereum. Today, Lubin paid tribute to Planetary Resources for its “world-class talent, its record of innovation, and for inspiring people across our planet in support of its bold vision for the future.”

Get the full story on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributor to GeekWire and Universe Today, author of "The Case for Pluto: How a Little Planet Made a Big Difference," past president of the Council for the Advancement of Science Writing.

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