Protocol Village: Flight-Tracking DePIN Protocol Wingbits Raises $3.5M

Wingbits,
a
Stockholm-based
protocol
creating
a
DePIN
flight-tracking
network
built
on
the
Solana
blockchain,
said
it
has
raised
$3.5
million
in
seed
funding,
led
by
Borderless
Capital
and
Tribe
Capital,
alongside
Antler
and
angel
investors.
According
to
the
team:
“Wingbits
rewards
the
quality
of
data
captured
by
antennas
maintained
by
amateurs
and
enthusiasts.
Individuals
are
rewarded
based
on
performance,
coverage
and
uptime,
and
there
are
global
leaderboards
to
compare
the
best
performing
antennas.
At
the
end
of
2023,
40
nodes
were
on
the
Wingbits
platform.
Now,
there
are
close
to
2,000
nodes.”

Nuffle,
the
blockchain
modularity-focused
project
spun
out
of
NEAR
in
June
with
$13
million
of
funding,
“is

taking
EigenLayer
multichain,”
according
to
a
message
from
the
the
project.
The
team
behind
NEAR
DA
(a
data-availability
solution)
and
the
Nuffle
Fast
Finality
Layer
actively
validated
service
(AVS)
“are
building
the
Nuff
Protocol,
a
permissionless
platform
that
enables
AVSs
to
leverage
cryptoeconomic
security
from
any
blockchain
safely
and
natively
while
settling
on
the
most
vibrant
restaking
ecosystem,
EigenLayer.
For
the
first
time,
restakers
will
be
given
the
ability
to
provide
security
and
receive
rewards
directly
from
their
native
chains
via
the
Nuff
Protocol.”

DVIN
Labs,
the
development
team
behind
the
dVIN
protocol,
announced
the
appointment
of
Real
Vision
co-founder
and
CEO
and
long-time
wine
enthusiast, Raoul
Pal,
to
its
board
of
directors.

According
to
the
team:
“The
dVIN
Protocol
leverages
blockchain
technology
to
both
allow
wine
enthusiasts
to
monetize
their
data
and
be
rewarded
for
their
wine
activity,
purchases
and
loyalty.”

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