Flight Tracking DePIN Protocol Wingbits Raises $3.5M

Bobby Cirus

Flight Tracking DePIN Protocol Wingbits Raises .5M

Wing bitesWingbits, a Stockholm-based protocol creating 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 Antler and angel investors. According to the team: “Wingbits rewards the quality of data captured by antennas maintained by amateurs and enthusiasts. Individuals are rewarded based on performance, coverage, and uptime, and there are global leaderboards to compare the best performing antennas. At the end of 2023, there were 40 nodes on the Wingbits platform. There are now almost 2,000 nodes.”

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