wingbits

ChainCatcher news, according to CoinDesk, Swedish blockchain aviation data network company Wingbits will launch satellites via the SpaceX Transporter-13 mission at the end of February to enhance the data verification capabilities of its decentralized physical infrastructure network (DePIN).The company's CEO Robin Wingardh stated at the Hong Kong Consensus conference that over 2,200 ground nodes have been deployed in more than 90 countries worldwide, tracking approximately 120,000 unique flights daily.Wingbits uses Solana testnet tokens to incentivize data providers, differentiating itself from traditional aviation data companies FlightAware and Flightradar24. The company recently completed a $5.6 million second seed funding round backed by investors including Borderless Capital and Bullish Capital.

ChainCatcher news, according to CoinDesk, DePIN startup Wingbits has completed a $5.6 million funding round, led by Borderless Capital and Bullish Capital, bringing Wingbits' total funding to $9.2 million.Wingbits is a decentralized physical infrastructure (DePIN) startup focused on the aviation industry, aiming to provide reward-based flight tracking services using crypto-secured Automatic Dependent Surveillance–Broadcast (ADS-B) receivers.

ChainCatcher news, according to CoinDesk, the Wingbits protocol, which creates a DePIN flight tracking network based on Solana, announced the completion of a $3.5 million seed round financing, led by Borderless Capital and Tribe Capital, with participation from Antler and several angel investors.The team stated: "Wingbits rewards the data quality captured by antennas maintained by enthusiasts. Individuals are rewarded based on performance, coverage, and uptime, with a global leaderboard to compare the best-performing antennas. As of the end of 2023, there were 40 nodes on the Wingbits platform, which has now increased to nearly 2000."