Wingbits, a decentralized physical infrastructure company (DePin), which focused on the aviation industry, collected $ 5.6 million of financing.
DePin, the model of the use of guaranteed devices by a central network, can be considered as a Blockchain reward for cloud computing services provided by major technology giants such as Amazon and Google.
The investment round, which receives the total support of Wingbits to $ 9.2 million, led the capital without borders and capital ascending. The last mother company, Bullish Group, is also the owner of Coindsk.
The goal of Wingbits is to provide a bonus-based aircraft tracking using automatic automatic encoding receptors (ADS-B).
“The flight tracking has long been relied on on a global network of volunteers who install the home antennas to collect flight data,” Wengitz said in an email advertisement on Tuesday.
“Companies sell these data to airports, airlines and other organizations to support their global operations, generating hundreds of millions of revenues, while the volunteers themselves are not receiving anything in return.”
Read more: Helium Frank Mong: Building the first great success story for DePin
