The Web3 marketplace for space assets, Copernic Space, minted and launched the first tokenized space asset sale using Polygon. Featuring Lunar Outpost’s MAPP Rover headed to the Moon, the launch enables access by the retail market into the soon-to-be one trillion dollar space economy.
The first tokenized space asset minted represents 3.475kg of payload space on Lunar Outpost’s MAPP Rover destined to land on the Moon in 2023. The NFT tied to the Space Asset can be fractionalized into smaller units, allowing buyers to own and create subsequent space assets tied to their payload.
The space asset marketplace chose to work with and mint the asset on Polygon due to their collaborative approach, but most importantly Polygon’s capability to minimize transaction costs and maximize speed. These features allow Copernic Space to make the asset fractionalizable, accessible and affordable for the retail market.
“The key for us is that Polygon provides high scalability and low transaction costs. We are delivering a needed solution and economic operating system for the space economy, which creates true, commercial space assets. This means we need to be able to offer options that can break down these massively valuable assets into smaller pieces and with limited transactional costs.” – said Grant Blaisdell, CEO of Copernic Space.
The NFT representing the payload space is currently sold exclusively in a Physical Payload Sale through the Copernic Space marketplace. The sale allows buyers of the 100g minimum to send their physical cargo to the Moon and receive an NFT representing their payload ownership. The NFT can be transformed into Virtual Payload, allowing for fractional ownership and further utilities tied to their physical cargo ownership.
Thanks to fractionalization of space assets, they are available and affordable for the retail market. At the same time, Polygon’s attributes allow buyers and sellers to save on transaction fees. Polygon’s multichain enables cross-chain integration without using Ethereum’s primary chain but leverages Ethereum’s interoperability, security, and reliability. Therefore, minimal adaptation was needed for Copernic Space.
This year, Polygon announced the plan to achieve carbon-negative status while Copernic Space’s work on Polygon will set a standard for space that enable economic access for millions across the globe.
About Copernic Space
Copernic Space is the web3 marketplace to access ownership and opportunities in space. We tokenize space assets and ventures to facilitate economic participation and growth in the most valuable market for life on earth.
The sale of tokenized payload space on Lunar Outpost’s MAPP Rover headed to the Moon is currently available on the Copernic Space marketplace.
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About Polygon
Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted, 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.
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