Wingbits, a Web3 startup, is making waves in aviation tracking by leveraging blockchain technology for transparency and fairness.
Funding and Support
Wingbits raised $5.6 million in their latest funding round led by Borderless Capital and Bullish Capital, bringing total funding to $9.2 million.
Wingbits is on track to become the largest airplane tracking network thanks to their well-designed incentives and execution.Álvaro Gracia, Partner at Borderless Capital
Network Growth and Unique Technology
Wingbits achieved significant milestones with over 2,100 active stations in 85 countries and tracking 120,000 unique flights daily. In collaboration with GEODNET, they produce cryptographically secured ADS-B receivers.
The Importance of DePIN Technology
Wingbits' decentralized network ensures fair rewards for contributors, enhancing data quality and hardware placement.
The flight tracking industry is ripe for disruption by Wingbits. Their approach allows rapid and effective scaling.Lionel Pek, investor at Spartan Group
Wingbits paves the way for a more transparent and fair system in aviation tracking, supporting growth in drones and air traffic.
