DOGE-1, the first cryptocurrency-funded mission to the moon, will launch early next year following a new partnership between the two blockchain companies and manufacturer Geometric Energy Corporation, also known as GEC.

The Unizen smart exchange platform and ZenX decentralized financial incubator announced on Wednesday that they are building and launching DOGE-1, a 40 kg – around £ 88 – CubeSat that will provide a new use for cryptocurrency. CubeSat will travel to the “stable lunar orbit” to receive the moon’s spatial intelligence data from sensors and cameras, which will be sent back to the GEC for analysis.

CubeSat will be distributed under a launch agreement with SpaceX FalconX, scheduled for the first quarter of 2022, although no specific dates have been set. More than 1,600 CubeSats have been launched so far, but unlike the DOGE-1, they have traveled in low earth orbit, which is 100 to 1200 miles above the earth’s surface. Orbiting the moon places DOGE-1 within 250,000 miles of the earth.

“NASA’s CAPTON was intended to be the first cube to reach the moon, but it has been delayed several times and its current launch date is late March 2022,” the two companies said. “This means that DOGE-1 may be the first cube in history to reach the moon, representing an important achievement for global space travel.”

As Cointelegraph previously reported, the Dogecoin-funded project was first unveiled in May this year, with a launch date set for the first quarter of 2022. At the time, SpaceX’s vice president of commercial sales, Tom Ochinero, said the mission would demonstrate the use of cryptocurrency. outside the Earth’s orbit and lays the foundation for interplanetary trade. ”

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Dogecoin (DOGE) became prominent earlier this year, thanks in part to SpaceX founder Elon Musk, who claimed the virtues of memcoin and even claimed to be collaborating with developers to make it more efficient. The Musk-inspired increase may have increased DOGE’s market value by billions at a time when more and more random users were starting to use cryptocurrencies.

Source: CoinTelegraph