ConsenSys Acquired Mining Company -In an official press release, the Asteroid mining company Planetary Resources, Inc. said that it had been acquired by the New York-based blockchain software technology startup and Ethereum development studio, ConsenSys, through an asset purchase transaction.

Planetary Resources

Chris Lewicki, the President and Chief Executive of Planetary Resources, along with Brian Israel, the company’s general counsel, will join ConsenSys as part of the deal, according to an official press release. Before joining the team at Planetary Resources, Chris Lewicki worked as the flight director of the Spirit and Opportunity Mars rovers. Phoenix Mars Lander at the National Aeronautics and Space Administration’s (NASA) Jet Propulsion Laboratory.

Planetary Resources Inc., is the company which is backed by billionaires. Similarly, The main aspiration is to mine and extract valuable resources from asteroids. It has been suffering from funding problems. Which hopefully will be alleviated as it has now been acquired by a blockchain company.

 ConsenSys Acquired Mining Company -ConsenSys is the blockchain software company that expands companies by investing in or acquiring new businesses. Hence, The acquisition is said to bring “deep space capabilities” into the ConsenSys ecosystem, as mentioned in the official announcement.

Ethereum Development Studio

ConsenSys describes itself as a “blockchain venture production studio focused on building and scaling tools, disruptive startups, and enterprise software products powered by decentralized technology, specifically Ethereum.”

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,”

-Chris Lewicki, the president, and chief executive of Planetary Resources

ConsenSys’s founder, Joseph Lubin,  was also one of the co-developers of Ethereum. He said that the company has more than 1,100 employees on six continents. Commenting on the recent acquisition Joe said, “It reflects our belief in democratizing and decentralizing space endeavors to unite our species and unlock untapped human potential.”

With regards to the present developments of ConsesSys and its business strategy with the Planetary Resources Inc., company, he stated:

“Bringing deep space capabilities into the ConsenSys ecosystem reflects our belief in the potential for Ethereum. Likewise it can 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,”

-ConsenSys’s  founder, Joseph Lubin

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