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CryptoCann™ Report: Blockchain start-up ConsenSys looks to decentralize space; Walmart Canada begins selling vaporizers online

Walmart confirmed last month that it had done some research on carrying cannabis-related products

Asteroid near planet Earth
Blockchain software company ConsenSys has acquired asteroid-mining company Planetary Resources

The Crypto Report

CryptoKitties, the blockchain-based game that lets players collect virtual cats, has attracted some big names in tech in its latest fundraising round.

Start-up Dapper Labs, a spin-off of Axiom Zen, secured US$15 million in funding from Venrock, Google Ventures, SamsungNEXT, Andreessen Horowitz as well as other companies, as per a CoinDesk report.

"Ultimately, our mission here is to bring a billion people to the blockchain. We think blockchain has real value for consumers but we're never going to get them to see that value by explaining it,” said Dapper’s chief technical officer Dieter Shirley to CoinDesk.

READ: CryptoCann™ Report: Bitcoin celebrates its 10th birthday; Francis Ford Coppola debuts cannabis line

The company has a raised a total of US$27 million in funding this year, sparking rumors of a new release on the horizon.

In other blockchain news, start-up ConsenSys has its sights set on the final frontier.

The blockchain software company announced that it has acquired asteroid mining company Planetary Resources through an asset-purchase transaction.

“Ethereum smart contract functionality is a natural solution for private-ordering and commerce in space — the only domain of human activity not ordered around territorial sovereignty — in which a diverse range of actors from a growing number of countries must coordinate and transact,” said Planetary Resource’s General Counsel Brian Israel, who will join ConsenSys, in the company's press release.

ConsenSys Founder Joe Lubin, also a co-founder of Ethereum, said he is hopeful that the partnership will unite humanity by democratizing and decentralizing space.

The Cann Report

Reports popped up last month that Walmart Inc’s (NYSE:WMT) Canadian arm was exploring the idea of selling cannabis-based products.

"As we would for any new industry, Walmart Canada has done some preliminary fact-finding on this issue, but we do not have plans to carry CBD products at this time," said a Walmart spokeswoman to Reuters at the time.

READ: ICC International Cannabis partners with Amercanex parent on globe's first cannabis market digital platform

While it’s not exactly cannabis, a Leafly report found vaporizers available on Walmart Canada’s online site.

Two Storz & Bickel models are available on the site ranging in price from C$499 to C$699, including the Health Canada-approved classic Volcano Medic vaporizer.

In US cannabis news, Indus Holding Co has closed a US$46 million funding round, as per a Marijuana Business Daily report.

The California-based companies supply cannabis to licensed retailers across the state.

The Series B funding was more successful than anticipated, considering Indus’ initial target was US$15 million. The proceeds will be used to finance the expansion of its cannabis operations.

Indus Holding currently operates a 225,000 square foot cultivation facility and a 15,000 square foot distribution center.

 

Contact Lenore Fedow at [email protected]

Follow her on Twitter@LenoreMariee

 

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