According to Odaily, DePIN's Nubila project has announced the initiation of a new round of funding. The funding round is led by IoTeX, VeChain, and Boston Consulting Group, with participation from OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber, Radiance Ventures, and Genopets. To date, Nubila has raised $2.5 million in funding.
The new funding will be strategically used to expand the scale of Nubila's operations, further develop its ESG data oracle, and achieve key strategic objectives. These measures include improving data accuracy, expanding network coverage, increasing user engagement, and understanding sustainable investment.