The onocoy Association, a community-based blockchain global GNSS network, announced the completion of a $940,000 strategic round of financing. GPS industry giant Thomas Seiler and DePIN project Smart Island participated in the investment. As of now, the total amount of financing of the company has reached 4.20 million US dollars. The specific valuation information has not been disclosed. Onocoy uses the shared infrastructure supported by blockchain technology to provide professional-grade GNSS data, which has global coverage and cost-effectiveness. The new funds will support its construction of a decentralized platform to expand into agriculture, construction, land management and autonomous systems.