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DePIN Agreement Wingbits Completes $3.50 million Seed Round, Led by Borderless Capital and Tribe Capital

On September 12, Wingbits, a protocol based on Solana's creation of the DePIN flight tracking network, announced the completion of a $3.50 million seed round, led by Borderless Capital and Tribe Capital, with participation from Antler and several angel investors. The team said: "Wingbits rewards the quality of data captured by enthusiast-maintained antennas. Individuals are rewarded based on performance, coverage and uptime, and there are global leaderboards 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 2,000."