The GEODNET Foundation (GeoDAO PTE, LTD) announced the completion of a private $1.5M token sale at EthCC (The Ethereum Community Conference). The round was led by Borderless Capital’s EdgeFi Fund, the first web3 investment fund exclusively focused on Decentralized Physical Infrastructure Networks (DePIN). The Global Earth Observation Decentralized Network, GEODNET, has grown rapidly since the official launch in early 2022, with over 3000 reference stations online in every major continent. The real-time GEODNET network is the world’s largest decentralized Geo-Spatial Reference Network, offering reliable centimeter location accuracy for applications such as drones, robotic vehicles, augmented reality, and IoT/mobile devices. GEODNET station owners are rewarded with $GEOD, the project’s native Polygon token. The GEODNET Foundation manages the open network protocol and promotes service usage within the traditional GNSS and IoT industry.
Related Posts
