According to Foresight News, the Geodnet Foundation, the organization behind the Web3 RTK (Real-Time Kinematic) network Geodnet, has announced the completion of a $2 million strategic financing round. The investors involved in this round include CoinFund, Pantera Capital, VanEck, and Santiago Santos among others.
Geodnet is a Web3 RTK network that operates on the DePIN principle. The RTK station network of Geodnet supplements devices such as cameras, LiDAR, and IMU with sensor uploads. This provides accurate real-time 3D positioning for AI-based autonomous systems.