DePIN company Geodnet completes $3.5 million financing, led by North Island Ventures

ChainCatcher news, DePIN company Geodnet has completed a $3.5 million financing round, led by North Island Ventures, with participation from Modular Capital, Road Capital, Tangent, and Reverie.

It is reported that Geodnet is a community-based decentralized physical infrastructure network (DePIN), where anyone can connect to the network by installing and operating what are called "satellite miners."