Flight-Monitoring DePIN Protocol Wingbits Raises $3.5M

Wingbits, a Stockholm-based protocol making a DePIN flight-tracking community constructed on the Solana blockchain, stated it has raised $3.5 million in seed funding, led by Borderless Capital and Tribe Capital, alongside Antler and angel traders. Based on the staff: “Wingbits rewards the standard of knowledge captured by antennas maintained by amateurs and fanatics. People are rewarded primarily based on efficiency, protection and uptime, and there are world leaderboards to check the very best performing antennas. On the finish of 2023, 40 nodes had been on the Wingbits platform. Now, there are near 2,000 nodes.”