DePIN project GEODNET completes strategic financing of over 2 million US dollars, with participation from CoinFund and others

Odaily News GEODNET Foundation announced that it has completed more than $2 million in strategic financing, with participation from CoinFund, Pantera Capital, VanEck and Santiago R. Santos. The DePIN project GEODNET is a blockchain-based global navigation network. Currently, its real-time dynamic (RTK) network has registered more than 5,000 GPS/GNSS reference stations. According to previous news, GEODNET completed a $1.5 million financing in July 2023, led by Borderless Capital; and completed a $3.5 million financing in February 2024, led by North Island Ventures, with participation from Modular Capital, Road Capital, Tangent, Reverie, Borderless and IoTeX.