GEODNET, a decentralized network hardware infrastructure company, completed $1.5 million in financing, IoTeX and others participated in the investment

According to insidegnss reports, GEODNET, a decentralized network hardware infrastructure company, completed $1.5 million in financing. Borderless Capital's Web3 investment fund EdgeFi Fund, IoTeX, and a group of angel investors participated in the investment. The new funds will be used to expand reliable global coverage and mobile networks. Operating system software development kit. GEODNET is building a blockchain-based decentralized high-precision multi-band GNSS base station network, and provides GEOD token incentives based on the Polygon blockchain to provide a reliable solution for real-time motion applications.