ChainCatcher news, the DePIN project Soarchain announced the completion of a $4.5 million financing round, with investments from Taisu Ventures, BlockBuilders, Hyperithm, Plug and Play, and Alpha Ventures.
It is reported that Soarchain is built on the Cosmos SDK and is a sovereign application chain that can provide token incentive data and connectivity infrastructure for vehicles. The platform allows vehicles to anonymously and privately contribute to the vehicle network, while maximizing the advantages of the applications running on the network - and at the same time, receive rewards. Developers and data consumers use vehicle-generated automotive data to create applications and services on a reliable, open platform, thereby reducing the cost of providing better products and services for users.