Network hardware infrastructure GEODNET completes USD 1.5 million in financing, IoTeX and others participate in the investment

2023-07-11 11:34:39BlockBeatsShare to:

BlockBeats news, on July 11, according to Businesswire reports, GEODNET, a decentralized network hardware infrastructure company, completed $1.5 million in financing. Borderless Capital's Web3 investment fund EdgeFi Fund, IoTeX, and a group of angel investors participated in the investment. The new funds will be used to expand reliable global coverage and mobile operating system software development kits to support accurate and trustworthy decentralized location services. GEODNET is building a blockchain-based decentralized high-precision multi-band GNSS base station network and provides GEOD token incentives based on the Polygon network to provide a reliable solution for real-time motion applications.

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