WingBits
Global Expansion
Wingbits, a pioneering decentralized flight tracking network, is actively expanding its reach across the globe. With over 2,000 ADS-B stations currently online, the project is gearing up for its mainnet launch in Q4 2024. Using a blockchain-based model, Wingbits incentivizes participants who operate and maintain flight tracking hardware by providing rewards based on their contributions. This approach not only ensures rapid network expansion but also enhances the quality and reliability of the data collected.
Securing Funding and Validation
Earlier this year, Wingbits secured a $3.5 million seed round led by Antler and other prominent venture capital firms. This funding serves as a strong validation of their business model, highlighting the potential for growth within the decentralized aviation infrastructure sector. The investment is being used to accelerate development, expand the network, and enhance the technology behind their innovative DePIN (Decentralized Physical Infrastructure Network) ecosystem .
Partnership with GEODNET
In a strategic move to further strengthen their offerings, Wingbits has partnered with GEODNET, a web3 organization with a global Real-Time Kinematic (RTK) network of over 8,000 stations. Together, they are developing new professional-grade terrestrial flight tracking nodes designed to deliver precise and secure location data. The WB200 and WB300 nodes, slated for commercial availability starting October 1, 2024, combine advanced ADS-B and Drone RemoteID technology, alongside GNSS capabilities from GEODNET’s RTK infrastructure. This partnership allows for secure, real-time data transmission and improved tracking accuracy, especially for drone operations beyond visual line of sight (BVLOS) .
Revolutionizing Decentralized Aviation Monitoring
The collaboration between Wingbits and GEODNET signifies a significant step forward in the development of reliable, decentralized aviation monitoring. By integrating blockchain technology and a proof-of-location system, Wingbits ensures that all data is cryptographically signed and authenticated, enhancing transparency and security. With plans to expand to 10,000 stations by the end of 2025, Wingbits is set to revolutionize the way flight information is collected and shared, making skies safer and more accessible for all .
