Crypto investment firm Multicoin has led an $8 million investment in Geodnet by purchasing GEOD tokens, a major step forward for the DePIN project that is developing an alternative to GPS with such accuracy that it can pinpoint a location the size of a golf ball.
Geodnet – High Precision Positioning Solution For Robots & Drones
Unlike the conventional
#GPS , which is only good enough for navigating cars or mobile devices, Geodnet is aimed at applications that require higher precision, especially in smart agriculture and industrial automation. According to Mike Horton, the project leader, Geodnet's customers are agricultural drones and industrial robots - devices that need positioning data accurate to the centimeter.