DePIN project Geodnet completed US$3.5 million in financing, led by North Island Ventures

BlockBeats news, on February 28, Geodnet completed a new round of financing of US$3.5 million. This round of financing was led by North Island Ventures, with participation from Modular Capital, Road Capital, Tangent and Reverie.

Geodnet is a community-based decentralized physical infrastructure network (DePIN) that allows anyone to install and operate a reference station called a satellite miner Come contribute to the network. Standard GPS typically has an error of two meters, while devices connected to Geodnet’s global RTK network can achieve instantaneous pinpoint positioning within 1-2 centimeters.