The DePIN protocol Wingbits has completed a $3.5 million seed round financing, led by Borderless Capital and Tribe Capital.

ChainCatcher news, according to CoinDesk, the Wingbits protocol, which creates a DePIN flight tracking network based on Solana, announced the completion of a $3.5 million seed round financing, led by Borderless Capital and Tribe Capital, with participation from Antler and several angel investors.

The team stated: "Wingbits rewards the data quality captured by antennas maintained by enthusiasts. Individuals are rewarded based on performance, coverage, and uptime, with a global leaderboard to compare the best-performing antennas. As of the end of 2023, there were 40 nodes on the Wingbits platform, which has now increased to nearly 2000."