Wingbits Protocol, which created the DePIN flight tracking network based on Solana, announced the completion of a $3.5 million seed round of financing, led by Borderless Capital and Tribe Capital, with participation from Antler and several angel investors.
The team said: "Wingbits rewards the quality of data captured by antennas maintained by enthusiasts. Individuals are rewarded based on performance, coverage and uptime, and there is a global leaderboard to compare the best performing antennas. As of the end of 2023, there were 40 nodes on the Wingbits platform, and now it has increased to nearly 2,000." (CoinDesk)