ParaFi Capital Announces Investment in DePIN Project GEODNET
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Odaily Odaily News: GEODNET, a decentralized network hardware infrastructure DePIN project, announced on the X platform that it has received investment from ParaFi Capital. The specific investment amount has not been disclosed yet. The new funds are intended to support its construction of a global real-time dynamic network to provide services for robotics, autonomous driving and agriculture. It is reported that GEODNET previously disclosed that it is building a decentralized GPS network based on Polygon PoS. Each node will receive token rewards for operation, and it is allowed to use US dollar income to repurchase and destroy tokens.
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