Elon Musk’s SpaceX is launching its Dogecoin-funded mission to the moon early in 2022. According to a media report on Wednesday, SpaceX will launch the mem-based cryptocurrency mission in partnership with two blockchain companies.
SpaceX partnered with both Unizen — an exchange ecosystem — and ZenX a decentralized finance incubator who’ll build together the Doge-& cubesat. The latter is a miniature satellite that will obtain information from space by relying on sensors, mirrors, and cameras launched into the lunar orbit, according to CoinTelegraph.
The cubesat followed an agreement with SpaceX and FalconX. The project aims to provide a new use-case for cryptocurrencies, the report said.
This is the 1st time that a meme-based crypto has funded a space mission. Before that, over 1,600 cubesats have been launched. However, Doge-1 is the first to get as far as 250,000 miles, CoinTelegraph said. There aren’t any firm dates or deadlines according to the same report.
Space X, Unizen and DeFi incubator ZenX and manufacturer Geometric Energy Corp were not immediately available to comment when contacted by Insider.