The fervour surrounding cryptocurrencies is diverting investment funds away from the space sector, according to Boost VC, the founder of start-up accelerator Adam Draper. Speaking at the recent Space Tech Summit in Silicon Valley, he warned against space-based companies from trying to integrate blockchain and digital currencies, and said space would become a more fruitful sector in three to five years. Elsewhere at the conference, investment companies questioned the lack of information from space start-ups and pointed to how few exits there had been from such start-ups.
The fervour surrounding cryptocurrencies is diverting investment funds away from the space sector, according to Adam Draper, the founder of start-up accelerator Boost VC. Speaking at the recent Space Tech Summit in Silicon Valley, he warned against space-based companies from trying to integrate blockchain and digital currencies, and said space would become a more fruitful sector in three to five years. Elsewhere at the conference, investment companies questioned the lack of information from space start-ups and pointed to how few exits there had been from such start-ups.