Asteroid mining start-up to raise funds through NFTs

this project though, and will aim to cultivate a community from which talent and ideas can be pulled in the future.

Much in the same way SpaceX has sold original art works on the blockchain, we can most likely expect ExLabs to recruit digital artists for its own collections. Speaking of which, the company is aiming to create three separate catalogues, and launch its own ‘Exploration’ token on Ethereum to reward NFT holders.

‘Holders of the first Explorers Club NFTs will automatically become members and get 10 Exploration Tokens per day,’ says Schmidgall. These can be redeemed for exclusive benefits including ownership of actual asteroid fragments, provided its technology actually works.

https://twitter.com/ExLabsCo/status/1502072130825076736?s=20&t=9OIPD7k9r0iOFi8zqSA6EQ

The meeting of two esoteric industries, in aerospace engineering and NFTs may sound strange, granted, but in practice the timing has never been riper for it to happen.

Before theoretical ownership was even a concept, space innovators had been forced to develop under tight monetary constraints. Now, however, not only is it immeasurably cheaper to launch stuff into space than in the 1980s, but NFTs are also offering up the propensity for huge revenue streams.

In terms of a timeline for when ExLabs hopes to begin its mining, things are still in the speculative phase. Back in 2013, NASA drew up plans to pull asteroids into the Moon’s orbit and take samples from them, but plans were scrapped five years in.

Still, ExLabs seems optimistic about its chances of doing things right. At a minimum, it will steadily begin to rake in new funding from NFTs.

Imagine having theoretical ownership of an alien rock floating through infinite space. That’s the world we could soon be living in.