Crypto Investment Multicoin leads a $ 8 million purchase of Geod tokens, the main capital injection into the very precise alternative encryption project for the GPS (GPS).
Geodnet descends from the Crypto’s Buzzy DePin suite from startups that stimulate ordinary people financially to host their physical infrastructure. The project code has doubled (its incentive mechanism) has doubled more than the past 12 months amid the demand for Geodnet services.
GPS satellites that tell your phone about your intersection from the next intersection of the car throughout the city. Mike Horton, the project leader, said this is not the case for the GEODNET user base for drones and industrial robots. They need site data down “to the size of the golf ball.”
Nearly 14,000 basic stations provide data site at a centimeter for Geodnet customers, many of whom are unaware of their encrypted incentives: anyone runs a 700 -dollar basic station that earns new geographical symbols, a model that usually converts astronomical cost to spread equipment away from a company.
“Because of DePin, we were able to expand the scope of this thing with a crazy speed,” Horton said. “We have built within two years what the industry has been working on for 20 years, and we have now twice the number of stations like anyone else.”
The cheap, inclusive, cheap geographical network of Multicoin will help facilitate the explosive growth of technologies that need accurate location data, especially robots: self -driving vehicles, drones, independent agricultural equipment.
In order for these robots to work, they need to answer a basic question: Where am I? , The multi -factor investment partner, Shyon Cennjopta, wrote in a position sheet.
Horton said that current Geodnet customers are working to operate more than $ 3 million of repeated annual revenues. It aims to grow 2025 in India and South America, especially in the agricultural sector.
Investors describe an “strategic” “strategic” investment in which they bought geodnet foundation directly, the entity behind the network. The last genealus in April 2024 From Coinfund, Pantera and VNECK.
“We collect money to really focus on robots and drones,” Horton said.
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