September 12, 2024
Wingbits, a protocol based in Stockholm that is developing a DePIN flight-tracking network on the Solana blockchain, has secured $3.5 million in seed funding. The funding round was led by Borderless Capital and Tribe Capital, with additional support from Antler and angel investors. The team explained that Wingbits rewards the quality of data collected by antennas operated by amateurs and enthusiasts.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Wingbits | $3.5M | September 12, 2024 | Seed Round | Borderless Capital, Tribe Capital | DePIN |
Rewards are based on performance, coverage, and uptime, with global leaderboards showcasing the top-performing antennas. By the end of 2023, the platform had 40 nodes, but it has now grown to nearly 2,000 nodes.
About Wingbits
Wingbits is a decentralized flight-tracking network built on the Solana blockchain. It rewards individuals who use antennas to capture flight data, based on the quality, coverage, and uptime of the data they provide. The platform aims to create a global community of flight enthusiasts and professionals who contribute to a more efficient and comprehensive flight-tracking system. By participating, users can earn rewards and see how their contributions compare on global leaderboards.
Website: https://wingbits.com/
About Investor
The funding round was led by Borderless Capital and Tribe Capital, with additional support from Antler and angel investors.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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