NFT Evening NFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
      • NFT Launchpad
    • Newsletter
    NFT Evening NFT Evening
    News

    Home » News » Asteroid Mining Company Turns To NFTs For Funding

    Asteroid Mining Company Turns To NFTs For Funding

    By James EllisMarch 31, 2022Updated:September 21, 20222 Mins Read

    The asteroid mining company, Exploration Laboratories LLC, or ExLabs, wants to use NFTs to explore space and mine asteroids. ExLabs aims to use NFTs to fund its speculative space venture. In a bizarre yet remarkable example of how NFTS are changing the world, ExLabs are now setting new boundaries.

    Image of the asteroid mining company exlabs website
    ExLabs is an asteroid mining company hoping to use NFTs to power their company.

    If all goes to plan, these NFTs will help the company in many ways. The funds could mine asteroids in space, discover new riches and support science.

    Asteroid mining company to harvest the power of NFTs

    Right now, there are no official dates for the mint or how much the NFTs will cost, but more news is coming soon.
    The company has huge plans, and the upcoming “Explorers Club” NFT is the first of three.

    ExLabs state that it will allow holders to “experience what it would be like for humans to be out in space, off the planet, conducting industry research, and mining riches from space.”

    Furthermore, the team at ExLabs has a background in the space industry. This Asteroid mining company team has a team filled with staff who previously worked at NASA and SpaceX.

    The NFTs will allow them to scale up their engineering and begin setting realistic targets for the mining. What’s more, holders of these NFTs will get daily rewards in the form of tokens.

    Finally, although the Asteroid mining company wants to use NFTs to enter space, it is unclear whether the technology is currently able to do so. Hopefully, in the near future, using the power of NFTs, ExLabs can begin a new industry in space.

    Join Our New "To The Moon" daily Newsletter

    Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

    Thank you!

    You have successfully joined our subscriber list.

    .

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Previous ArticleHow Azuki NFT Made Its First Incredible $1M Sale
    Next Article Hugh Jackman Invests in Australian NFT Music Platform Serenade
    James Ellis
    • Twitter

    James is an English teacher and freelance writer with a passion for NFTs, football, film and technology.

    More great NFT Evening content:

    Fetch.ai’s $40M Funding To Accelerate AI & Blockchain Integration

    March 30, 2023

    Art Blocks launches creator-friendly NFT marketplace

    March 30, 2023

    NFT Art Lands Pussy Riot Founder Nadya Tolokonnikova on Russia’s Wanted List

    March 30, 2023

    NFTb Welcomes My Neighbor Alice Token, ALICE, As First Native Token

    March 30, 2023

    Metamask Airdrop Rumors Dismissed by Metamask: Stay Safe!

    March 30, 2023

    Royal Mint Ditches NFT Project Amid Consultations With UK Government

    March 29, 2023

    Disney Metaverse Dreams Crushed in Layoff Bombshell

    March 29, 2023

    Virtual Fashion: Rozy’s Avatar Takes the Runway at Decentraland MVFW Dressed by Ilona Song

    March 29, 2023
    Latest NFT News

    Fetch.ai’s $40M Funding To Accelerate AI & Blockchain Integration

    March 30, 2023

    Art Blocks launches creator-friendly NFT marketplace

    March 30, 2023

    NFT Art Lands Pussy Riot Founder Nadya Tolokonnikova on Russia’s Wanted List

    March 30, 2023

    NFTb Welcomes My Neighbor Alice Token, ALICE, As First Native Token

    March 30, 2023

    Metamask Airdrop Rumors Dismissed by Metamask: Stay Safe!

    March 30, 2023

    Royal Mint Ditches NFT Project Amid Consultations With UK Government

    March 29, 2023

    Y00ts Finally Makes the Move to Polygon!

    March 29, 2023

    Disney Metaverse Dreams Crushed in Layoff Bombshell

    March 29, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.