- Elon Musk with Geometric Energy Corporation (GEC) haven’t yet said how much it will cost to advertise on the orbital billboard, but it will apparently be funded by cryptocurrency Dogecoin.
- The platform will be open to anyone that purchases tokens. “Hopefully, people don’t waste money on something inappropriate, insulting or offensive,” said Reid of GEC.
- “This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce,” SpaceX VP Tom Ochinero added.
Kate Plummer from Indy100 writes:
“Elon Musk plans to launch a satellite to display adverts that will be recorded and broadcast on Twitch and YouTube.
According to Insider, Canadian startup Geometric Energy Corporation (GEC) will send a CubeSat on a Falcon 9 rocket with one side featuring a pixel display screen showing adverts. A selfie stick coming out of the satellite will film the screen and beam the picture back to the Earth.
GEC hasn’t yet said how much it will cost to advertise on the orbital billboard or how much the CubeSat will cost to launch but it will apparently be funded by cryptocurrency Dogecoin, which Musk has supported in the past.
Advertisers will purchase five types of tokens using cryptocurrency payments such as ethereum in order to place an advert, with Doge payments coming later. Each token purchased by an advertiser will control a different aspect of the display.
Gamma and Kappa tokens will control what the pixel will look like, the XI will say how long it lasts on screen – the more expensive, the longer it remains.
Samuel Reid, CEO of GEC said the project will be ready at some point in 2022.
“I’m trying to achieve something that can democratise access to space and allow for decentralised participation,” Reid told Insider.
“Hopefully, people don’t waste money on something inappropriate, insulting or offensive.”
Reid said the platform will be open to anyone that purchases the tokens – even down to artists wanting to show their work in space…”
See full story here.
Categories: Business, International, Tech, WTF?
Economic Left 
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