Home CryptocurrencyBitcoin Ripple co-founder Jed McCaleb adds to resume building space station

Ripple co-founder Jed McCaleb adds to resume building space station

by SuperiorInvest

Pioneer of blockchain technology McCaleb poison shifts part of its focus to a new frontier, space.

The prominent crypto billionaire announced the launch of his new venture “Vast” on September 12th, which aims to expand “human habitation in space” – “enabling a future where millions of people live throughout the solar system”.

McCaleb founded the space housing startup in 2021 and will be tasked with developing the world’s first artificial-gravity space station, essentially allowing humans to live and work in space, according to a company statement.

McCaleb’s long history of being on the cutting edge of technology began in 2000 when he created eDonkey2000, one of the largest file sharing networks of the time. In 2007, he founded another company that developed a video game called The Far Wilds.

He is the creator of Magic: The Gathering Online Exchange, a well-known trading card website that was eventually converted to a Bitcoin exchange in 2011 called Mt. Gox. He is also the co-founder of Ripple Labs, although he left the company in June 2013.

After leaving Ripple, McCaleb founded the Stellar Development Foundation in 2014.

McCaleb says he hopes to use his expertise to give humanity access to the “incredible amount of resources” in our solar system, stating:

“I have always believed in using technology to reduce inefficiencies and improve the human condition. To expand human habitation in space, we must create technologies that improve sustainability.”

According to McCaleb, he is assembling a “world-class team” of engineers, supported by several experienced industry experts, to create technology previously seen only in science fiction.

“Artificial gravity is not science fiction. It just requires a large rotating structure. The resulting centrifugal force provides gravity-emulating thrust.”

NASA has unveiled its plan to decommission and deorbit the International Space Station (ISS) by 2031, perhaps signaling a chance for commercial enterprises to step in and provide replacement equipment.

Related: After 8 years of dumping billions of XRP, Jed McCaleb’s tank will be depleted within weeks

It’s unclear where the funding for the Vast space station project comes from, but according to Forbes, McCaleb’s net worth is at least $2.5 billion as of 2022.

However, other sources claim it is much higher, due to the billions of XRP tokens he received in 2012 as a founding member of Ripple Labs. sell methodically over the course of eight years until July 18, when his stash ran empty.

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