GEODNET: A Leading Commercial Solution for Real-Time Kinematic Applications
The GEODNET Foundation recently completed a private $1.5M token sale at EthCC, led by Borderless Capital’s EdgeFi Fund. This investment round also saw participation from IoTeX and angel investors. The Global Earth Observation Decentralized Network (GEODNET) has rapidly grown since its launch in 2022 and now boasts over 3000 reference stations worldwide.
Key points:
– GEODNET’s web3 GNSS Base-stations are recognized as a leading commercial solution for Real-Time Kinematic (RTK) applications.
– The GEODNET location service offers reliable centimeter location accuracy for various applications such as drones, robotic vehicles, augmented reality, and IoT/mobile devices.
– High-precision applications, including Hemisphere GNSS, Quectel Wireless Solutions, and Rock Robotic, actively utilize GEODNET station data.
– GEODNET station owners are rewarded with $GEOD, the project’s native Polygon token, for setting up their own Satellite Miner.
– The investment from Borderless Capital and IoTeX will support the growth of GEODNET’s global coverage and the development of a Mobile operating-system Software Development Kit.
Hot Take:
GEODNET’s decentralized network, combining AI, IoT, and blockchain technology, is revolutionizing mobile applications. With its recent investment, GEODNET is set to expand its developer ecosystem and drive innovation in both enterprise and consumer applications.