GEODNET continues to gain momentum, with more than 5,000 real-time kinematic (RTK) stations registered and more than a dozen enterprise customers signing on to the network.
Dubai, United Arab Emirates, April 16, 2024–(Business Wire)–token 2049 – The GEODNET Foundation, the organization that manages the blockchain-based global navigation network GEODNET, is partnering with CoinFund, Pantera, VanEck, Santiago R. Santos. The additional funds raised will support the Foundation’s short-term goals of decentralization and developer access.
GEODNET continues its significant growth momentum by adding more than 5,000 GPS/GNSS reference stations to its real-time kinematic (RTK) network, powering a new generation of location-based and intelligent autonomous services. GEODNET provides instant centimeter-level location accuracy, a 100x improvement compared to traditional GPS. GEODNET currently constitutes one of the world’s largest global networks used in high-precision location applications. Another 2,000 stations are being delivered and installed.
Due to the rapid growth of the network, GEODNET has become a leading company for paid data usage in agriculture, drones, consumer robotic devices, and advanced commercial global positioning services such as PPP (Precision Point Positioning), automotive-focused PPP. We have more than a dozen commercial partnerships. -RTK services, and finally state-of-the-art low-orbit satellite tracking.
“GEODNET is disrupting the GNSS industry through its novel use of decentralized blockchain technology, which allows us to build larger receiver networks and win customer contracts than established competitors. “We are excited about the opportunity to support the next phase of GEODNET. The GEODNET protocol is growing as we execute an exciting commercial pipeline.” Cosmo Jiang said.
“In just under two years since the first GEODNET node went online, GEODNET has rapidly expanded to become one of the largest networks in the world, rivaling the networks of several public companies with billions of dollars in revenue. I am excited to announce support for this major DePIN (Distributed Physical Infrastructure Network) project.The simplicity and affordability of GEODNET’s precise location services will bring significant economic benefits to the entire geospatial industry. It will bring growth.” Santiago Santos He is a former partner at ParaFi Capital and host of the Empire Podcast.
“The GEODNET Foundation would like to thank our Web2 GNSS data customers, the Web3 satellite mining community, and our more than 10 institutional partners for their generous support in achieving these milestones,” GEODNET’s Project said creator Mike Horton.
About Geodonet
GEODNET is a reliable Web3 RTK network that uses DePIN principles. Real-time kinematics can improve location accuracy by 100x compared to standalone GPS by using only low data rate network connections. GEODNET’s global network of RTK stations complements on-device sensors such as cameras, LiDAR, and IMUs to power AI-based autonomous systems with precise real-time 3D localization. GEODNET White Paper, Website, Dune Dashboard, and twitter For more information.
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