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You will be able to purchase advertising space using Dogecoin.
Orbital billboards
SpaceX partners with a Canadian tech startup to launch a digital billboard into orbit.
Samuel Reid, CEO and co-founder of Geometric Energy Corporation (GEC), said his company is partnering with SpaceX to launch an advertising satellite, called CubeSat, into space, according to Initiated. The satellite would have a giant screen on one side where people could bid for their logos and advertisements to be displayed.
“There may be companies that want to represent their logo… or it could end up being a little more personal and artistic,†Reid told Initiated. “Maybe Coca-Cola and Pepsi will fight for their logo and claim each other.”
Crypto for tokens for pixels
The process of buying advertising space on satellite is a bit complex, but quite interesting. For one thing, anyone will be able to buy digital ad space as long as you pay more than someone else is bidding.
“I’m trying to achieve something that can democratize access to space and allow for decentralized participation,” Reid told Initiated. “I hope people don’t waste money on something inappropriate, insulting or offensive.”
Yeah, we wouldn’t hold our breath for that.
You will also need to purchase tokens in order to stake out the pixel space on the satellite. There are five tokens you will be able to purchase: Gamma, which determines the brightness of the screen; Kappa, which determines the color; Beta, which determines the X coordinate; Rhoe, which determines the Y coordinate; and Xi, which determines the time your ad will be displayed.
People will also be able to buy tokens using cryptocurrencies. Reid said he eventually wants Dogecoin to be an acceptable form of payment.
Profitable partnership
SpaceX has yet to comment on this partnership – so there’s a chance it won’t even come to fruition.
However, Reid said GEC had been vying for the attention of the aerospace company since 2018. It wasn’t until Reid taught a few Musk kids at Ad Astra School that the company heard his proposal, according to him. Initiated.
So take it all with a grain of salt. However, if that does come to fruition, it will mark a rather worrying milestone. After all, not even the stars and galaxies we all look at will be safe from the black mouth of capitalism.
READ MORE: SpaceX and a Canadian startup are planning to launch a satellite that will broadcast ads into space. Anyone can buy pixels on the satellite screen with dogecoin. [Insider]
Learn more about space ads: This startup wants to launch giant illuminated ads in the night sky
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