According to Odaily Planet Daily, the community-based blockchain global GNSS network Onocoy Association announced the completion of a strategic round of financing of US$940,000, with GPS industry company Thomas Seiler and DePIN project Smart Island participating in the investment.
As of now, the company's total financing amount has reached US$4.2 million, and the specific valuation information has not been disclosed.
Onocoy uses a shared infrastructure powered by blockchain technology to provide professional-grade GNSS data. The new funds will support its construction of a decentralized platform to expand into areas such as agriculture, construction, land management and autonomous systems.
