MoonDAO's Ambitious Vision: Aiming for a Self-Sufficient Lunar Colony by 2030
Summary:
Pablo Moncada, co-founder of MoonDAO, and his decentralized autonomous organization (DAO) are striving to establish a self-sufficient lunar colony within the upcoming seven years. MoonDAO aims to democratize space exploration which has traditionally been dominated by government entities and well-funded private companies. Regardless of the challenges and potential setbacks, Moncada is optimistic about the future of DAOs and their role in transforming the way funds are raised for cosmic research and exploration.
Over the past couple of years, Pablo Moncada, one of the founders of MoonDAO, and his decentralized autonomous organization (DAO) have set their sights on developing a self-sufficient lunar colony. They hope to achieve this ambitious objective in less than seven years. Established in 2021, the MoonDAO team, comprising of 5,000 individuals, sees DAOs as the answer to a long-standing issue: space exploration has always remained out of bounds for the average person. Moncada believes their technique could revolutionize space travel and cosmic exploration. If their vision prevails, we could see lunar settlements by 2030. Although Moncada admits to Cointelegraph that this is probably "unlikely", it doesn't discourage him, nor his DAO, from pushing forward.
Moncada asserts that space exploration is decidedly "gated", typically controlled by government space programs or financially robust private firms. MoonDAO, otherwise known as “the internet's space program”, was formed to challenge this dynamic and enable everyday people to contribute to the funding of space-oriented research and exploration. Despite not having established a base on the moon yet, MoonDAO has successfully sent individuals to space. Last November, MoonDAO members voted to send Coby Cotton, a YouTube personality from the channel Dude Perfect on a journey to the edge of space aboard one of Jeff Bezos’ Blue Origin crafts.
According to Moncada, the most valuable contribution MoonDAO provides is a shift in the method of fundraising for pioneering space research, travel, and exploration. In the past, funding was commonly sourced from governmental budgets derived from taxpayers' money. More modernly, players like Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin have attracted private investments while continuing to secure billions in government contracts. MoonDAO represents a different—more inclusive—method, gathering contributions from a global community dedicated to making space exploration possible.
Moncada points out historical precedents, such as the creation of the joint stock corporation in England in 1551, which fuelled the exploration of newfound territories. He believes the use of DAOs is a comparable innovative tool for financing new celestial missions. Moncada is no stranger to ambitious projects, having previously worked at ConstitutionDAO, a failed attempt to procure the only physical version of the U.S Constitution, which nonetheless managed to raise nearly $49 million.
DAOs, collective entities that can consist of hundreds or even thousands of members globally, often encounter difficulties due to differing views, cultural backgrounds, and disparities in token distribution amongst members. Even as DAOs are seen as avant-garde alternatives to traditional corporate setups, advocates acknowledge their operation can be onerous. This inefficiency is not lost on Moncada, who humorously quips that DAO stands for “dudes arguing online." Regarding the aim of a self-sustaining lunar colony by 2030, Moncada insists that striving for grand goals holds more inspiration than opting for seemingly more attainable aims.
Moncada refers to President Kennedy's famed "moon speech," reminding us that at that time, America had just started its journey into near-Earth space. Nevertheless, the audacious moon target galvanized the necessary resources to fulfill the aspiration. Moncada remains optimistic about the transformative potential of DAOs in funding such missions, predicting that "As the DAO ecosystem grows, the access to capital might be on par with what a government can do.
Published At
1/23/2024 5:45:31 AM
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