CRYPTO

Copernican space and lunar output set targets for commercialization of space through NFTs

Copernicus Space and the Lunar Outpost are set to launch a public sale for tokenized payload space on a lunar lander that will travel to the moon in the fourth quarter of 2022.

Blockchain space outlet Copernicus Space and space robotics company Lunar Output will sell onboard payload space in the form of NFT, according to an announcement issued Wednesday.

Corporate and retail buyers will be able to buy, fragment and resell the Playload Space NFT on the Moon Outpost M1 MAP Rover.

Ownership of the NFT is said to be the ownership of the payload space within the specified lander in kilograms (kg).

Speaking to Cointelegraph, Grant Blessdale, co-founder and CEO of Copernicus Space, said the sale would cover 3.5kg of available payload space with an initial selling price of 4. 4.25 million per kg.

According to Blessdale, the right to use payload space will require the purchase of at least 100 grams. However, the CEO of Copernicus Space revealed that small purchases are possible, noting:

“They can buy in very small and divided quantities, be it 10 grams or 1/10 gram. I would say that the unique rarity of a part of a permanently limited property sitting on the moon is literally there but the internal rarity comes out of the specific application of space which will have an extra layer of uniqueness than what is not. ”

Blesdale also commented on the possibility of splitting the payload space NFT into a way to make resources more affordable for potential buyers. In fact, Blesdale told Quintelegraph that the fraction would be applied to other space assets, including the NFT model rover and satellite.

Related: Nifty News: NFT in space, inactive crypto punks, Ernst & Young joins

According to the announcement, Copernicus Space and Lunar Output plans to release other NFTs that will give the rover more access after landing on the moon.

As previously reported by Cointelegraph, fragmented NFT projects have been collecting steam for the past few months, reducing the barriers to ownership of the popular unwanted token property.

However, some regulators say that fractional NFTs can form investment agreements that make them securities.