Wingbits, a protocol based in Stockholm, is developing a DePIN flight-tracking network on the Solana blockchain. The company recently announced that it has secured $3.5 million in seed funding, with Borderless Capital and Tribe Capital leading the investment round, joined by Antler and angel investors. According to Wingbits’ team, the platform rewards individuals for the quality of data collected by antennas maintained by amateurs and enthusiasts. Users are incentivized based on their performance, coverage, and uptime, and there are global leaderboards to showcase the top-performing antennas. As of the end of 2023, Wingbits had 40 nodes on its platform. However, the number has since grown to nearly 2,000 nodes.
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