CoinVoice has recently learned that the DePIN project Soarchain announced the completion of US$4.5 million in financing, with Taisu Ventures, BlockBuilders, Hyperithm, Plug and Play, Alpha Ventures and others participating in the investment.
It is reported that Soarchain is built on Cosmos SDK and is a sovereign application chain that provides token incentive data and connection infrastructure for vehicles. The platform enables vehicles to contribute to the vehicle network anonymously and privately, while maximizing their advantages by leveraging applications running on the network - and getting rewards at the same time. Developers and data consumers use car data generated by car owners to create applications and services on a reliable and open platform, thereby reducing the cost of providing better goods and services to users. [Original link]
