WEATHERXM NETWORK Completes $7.7 Million Series A Funding, Led by LIGHTSPEED FACTION

DEPIN project WEATHERXM NETWORK has completed a $7.7 million Series A financing, led by LIGHTSPEED FACTION, with participation from PROTOCOL LABS, BORDERLESS CAPITAL, ARCA, ALUMNI VENTURES, PLACEHOLDER VC, RED BEARD VENTURES, METAPLANET, GS FUTURES, CONSENSYS MESH, WESTERLY VENTURES, DLAB, ELEFTHERIOS DIAKOMICHALIS and JUAN BENET. The company plans to use the funds to grow its team and network and continue research and development in crypto-enabled weather hardware and decentralized infrastructure. WEATHERXM has deployed more than 5,000 stations in more than 80 countries around the world, producing a variety of weather station hardware equipment to collect local environmental data and build a unique ground sensor weather network. Participants in the operation of special low-cost, low-maintenance stations will receive ERC20 $WXM tokens as rewards, which are the native governance and utility tokens of the WEATHERXM Network Association. Site owners will be able to collect daily rewards and cumulative testing rewards on the ARBITRUM mainnet.