Ethereum-startup ConsenSys purchased space company Planetary Resources. The terms, amount and purpose of the transaction were not disclosed.

.@ConsenSys acquires Planetary Resources https://t.co/kGQMIzpEgs

ā€” Planetary Resources (@PlanetaryRsrcs) 31 October 2018.

Founded in 2009, Planetary Resources is developing and implementing new technologies for industrial development of asteroids. On the company’s activities not much is known. In 2014, one of the founders of Planetary Resources Eric Anderson said that the company plans to extract water from the asteroids. A year later, the space firm has sent its first satellite to the ISS.

“For nearly a decade, Planetary Resources was the discoverer simultaneously technological, legal, political and business industries,” commented CEO and President of Planetary Resources Chris Levitsky.

Also under the deal, Chris Levitsky and General counsel Brian Israel has joined ConsenSys.

“Engaging the possibilities of outer space in the ecosystem ConsenSys reflects our belief in the potential of Ethereum is to help humanity to organize a new system of social control using the automated trust and guaranteed execution”, ā€” said the founder of ConsenSys Joseph Lubin.

Earlier, ConsenSys has invested $6.5 million in startup former Manager R3.

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