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Wingbits flight tracking protocol DePIN raises $3.5 million

Wingbitsa Stockholm protocol that creates a DePIN flight tracking network built on the Solana blockchain, said it has raised $3.5 million in seed funding, led by Borderless Capital and Tribe Capital, along with investors Antler and the angels. According to the team: “Wingbits rewards the quality of data captured by antennas maintained by hobbyists and enthusiasts. Individuals are rewarded based on performance, coverage and uptime, and there are global rankings to compare the best performing antennas. At the end of 2023, 40 nodes were on the Wingbits platform Now, there are almost 2,000 nodes.

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