When Elon Musk announced that SpaceX would be launching the satellite Doge-1 to the moon, the internet went wild. Doge-1 was not any ordinary satellite either. The first official crypto-funded mission to the moon was fully financed by Dogecoin (DOGE). Back in 2021, Doge-1 aimed to revolutionise the space and crypto sector.
However, it has almost been a year since Doge-1’s predicted launch date, and Elon Musk’s self-described “space race” no longer seems to be happening. Is the hype surrounding crypto and space exploration done, or are new players such as Rocketize Token (JATO) reviving the dream?
Why Are Cryptos Like Dogecoin and Rocketize Interested In Going To Space?
As nationally funded space projects wind down, space companies are looking at other ways to fund their high-cost cosmos endeavours. Potentially this is a step in the right direction. Rather than demanding the public pay for space projects, a selection of crypto investors can instead. Additionally, the source of revenue is not limited to just one country but the whole world. This is perhaps how Elon Musk’s Doge-1 has been fully funded by Dogecoin (DOGE). Ultimately, cryptocurrencies have the potential to drive space innovation.
Dogecoin’s And Elon Musk’s Tangled Relationship
The problem with Elon Musk conjoining Dogecoin (DOGE) and space exploration is that he is pulling the strings. Despite everything he has done for the cryptocurrency’s promotion, Dogecoin (DOGE) is meant to be a…
