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

Thursday, Sept. 12

Wingbits, Stockholm-Based Flight-Tracking Protocol, Raises $3.5M in Seed Funding

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 Plans ‘Nuff Protocol’ as Permissionless Platform for Multichain Restaking on EigenLayer

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, Developer of Wine-Focused Protocol, Adds Real Vision’s Pal to Board

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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Edited by Bradley Keoun.

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