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 buyers. In keeping with the group: “Wingbits rewards the standard of knowledge captured by antennas maintained by amateurs and lovers. People are rewarded based mostly on efficiency, protection and uptime, and there are international leaderboards to match one of the best performing antennas. On the finish of 2023, 40 nodes have been on the Wingbits platform. Now, there are near 2,000 nodes.”