The DEPIN project, GEODNET, has completed strategic financing of over 2 million US dollars.

The DEPIN project GEODNET has completed a strategic financing round of over $2 million, with participation from COINFUND and others. The GEODNET Foundation has announced the completion of a strategic financing round exceeding $2 million, with investments from COINFUND, PANTERA CAPITAL, VANECK, and SANTIAGO R. SANTOS. The DEPIN project GEODNET is a blockchain-based global navigation network, with its real-time kinematic (RTK) network having registered over 5,000 GPS/GNSS reference stations. Previously, GEODNET completed a $1.5 million financing round in July 2023, led by BORDERLESS CAPITAL, and a $3.5 million financing round in February 2024, led by NORTH ISLAND VENTURES, with participation from MODULAR CAPITAL, ROAD CAPITAL, TANGENT, REVERIE, BORDERLESS, and IOTEX.