Wingbits, a decentralized physical infrastructure network focused on aviation, has secured $5.6 million in funding, increasing its total financing to $9.2 million. This investment round was led by Borderless Capital and Bullish Capital. Wingbits aims to create a rewards-based flight tracking system leveraging cryptographically-secured Automatic Dependent Surveillance–Broadcast (ADS-B) receivers. Traditionally, flight tracking has depended on volunteers who install antennas to gather flight data, which is then sold to airports and airlines, generating substantial revenue without compensation for those volunteers. The DePIN model, akin to cloud services provided by major technology companies, is designed to democratize flight tracking and provide benefits back to the volunteers involved in the data collection.

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