Copernic Space and Lunar Outpost to Democratize the Space Economy Through First-Ever Public Sale of Tokenized Payload Space
Over the past few months, billionaires have made headlines for flying the first-ever civilian flights to Earth’s orbit and space, all major steps in commercial spaceflight. Despite this, there is still no digital market or economic mechanisms for the public to directly participate in space commercialization. Copernic Space applies blockchain technology and innovative business models to enable mass-market access to space assets and investment opportunities, which has driven a partnership with space robotics leader Lunar Outpost; together they will launch the first tokenized sale of payload space available to the public. This tokenized sale of payload space going to the moon on Lunar Outpost’s rover will allow public purchase, utilization, division, and resale of the payload space through an e-commerce like experience.
Copernic Space’s platform will allow companies and the general market to buy, fractionalize, and sell space assets in the form of non-Fungible tokens (NFTs), in this case, payload space on Lunar Outpost’s M1 MAPP rover headed for the Moon in Q4 of 2022. The NFTs of payload space not only provides the owner rights and utility to the space on the rover itself, for those that have purchased the minimum amount to do so, but it also creates the first true space asset market as well as a secondary market because of its unique application of NFTs that creates divisible and resellable payload space.
Whether it be NBA Top-shot selling unique digital player cards or Sotheby’s selling fine art in digital format, NFTs are a growing application of blockchain that allows an individual entity to own a unique asset with related rights and access via digital proof, ensuring that no one else owns that asset. Or, in the case of Lunar Outpost’s MAPP rover, the payload space on their rover in the physical world as it heads to and operates on the Moon. Allowing for the tokenization and fractionalization of acquired payload space for secondary sale will unlock new opportunities and a new revenue model for the space economy and remove its value from being treated exclusively through scientific or technological utility but rightfully as assets that have a value tied to it outside of that utility.
“Cryptocurrency and digital assets have redefined what represents value, and how assets are acquired, and our being able to successfully launch these applications within the space economy are an important historical development. They will not only enable the market to easily acquire space assets such as payload space or satellite data, but will open the flood gates on commercialization and capital that can bring untold public benefit, ranging from environmental to economic. Lunar Outpost deserves to be recognized as a top innovator in the space market and along with Copernic Space will set a new standard not only for payload space but will break new ground through further collaboration as well.” said Copernic Space CEO and co-founder Grant Blaisdell.
“With the advent of the new space industry, it is only fitting that we also rethink the transactional nature of space endeavors. By teaming with Copernic Space, Lunar Outpost will be able to offer ownership of assets to a new class of customers and do so in a way that reflects the era in which we live. This platform not only represents a substantial step forward in making space accessible to everyone but will also help to unlock the full potential of this burgeoning sector.“ stated Julian Cyrus, co-founder and COO of Lunar Outpost.
Lunar Outpost and Copernic Space, by executing the first public sale of tokenized payload space will set a new economic model for the space economy in the digital age and bring the mass market with it. With the public payload sale scheduled for launch at the end of the year, it only marks the beginning of the tokenization of space as Copernic Space has multiple commercial launches on the platform slated over the next year, including the second stage application of the Lunar Outpost’s MAPP rover on the moon.