According to Odaily, the community-based blockchain global GNSS network Onocoy Association has successfully raised $940,000 in a strategic funding round. The round saw participation from GPS industry company Thomas Seiler and DePIN project Smart Island. With this latest funding, Onocoy's total financing has reached $4.2 million, although specific valuation details have not been disclosed.
Onocoy leverages blockchain technology to support shared infrastructure, providing professional-grade GNSS data. The newly acquired funds will be used to build a decentralized platform, expanding its applications into sectors such as agriculture, construction, land management, and autonomous systems.
