ParaFi Capital invests in the decentralized network hardware infrastructure project, GEODNET, by DePIN
On December 13, the decentralized network hardware infrastructure project DePIN's GEODNET announced on platform X that it has received investment from ParaFi Capital. The specific amount of investment has not been disclosed yet. The new funds are intended to support its construction of a global real-time dynamic network, providing services for robotics, autonomous driving and agriculture sectors. It is reported that GEODNET previously revealed it is building a decentralized GPS network based on Polygon PoS. Each operating node will receive token rewards and allows the use of dollar income to repurchase and destroy tokens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
1850 Bitcoins were transferred from an unknown wallet to CEX early this morning
Grindery announces the launch of GX tokens on pump.fun
In the past 24 hours, futures across the entire network have liquidated $116 million
Trending news
MoreCrypto prices
More
