Decentralized network hardware infrastructure company GEODNET completes $2 million in new round of financing

Decentralized network hardware infrastructure company GEODNET has announced the completion of a new strategic round of financing of $2 million. CoinFund, Pantera Capital, VanEck, and Santiago R Santos participated. GEODNET aims to combine real-world earth observation with blockchain technology to create a decentralized network that collects geographic spatial data from global space weather stations and provides secure and reliable data products. Participants contribute to the network by installing high-precision GNSS antennas on rooftops and can receive GEOD tokens as rewards based on their contributions.