Decentralized network hardware infrastructure company GEODNET completes $1.5 million financing, led by EdgeFi Fund

ChainCatcher news, decentralized network hardware infrastructure company GEODNET has completed a $1.5 million financing round, led by Borderless Capital's Web3 investment fund EdgeFi Fund, with participation from IoTeX and a group of angel investors. The new funds will be used to expand reliable global coverage and develop mobile operating system software development kits.

GEODNET is building a blockchain-based decentralized high-precision multi-frequency GNSS base station network and providing GEOD token incentives based on the Polygon blockchain to offer reliable solutions for real-time motion applications. (Source link)