According to Odaily, SkyTrade, a project focused on Real World Assets (RWA) and Decentralized Physical Infrastructure Networks (DePIN), has announced the completion of its Pre-Seed funding round. The round was co-led by Modular Capital and Portal Ventures, with participation from the Solana Foundation, Mercatus Center, and angel investors including Adam Gries and Jason Yanowitz.

SkyTrade is currently developing an Air Rights Marketplace, aiming to innovate within the sector by leveraging blockchain technology to facilitate transactions and ownership of air rights. This marketplace is expected to provide a new avenue for property owners and developers to monetize and manage airspace above their properties, potentially transforming urban development and real estate markets.