ParaFi Capital invests in decentralized network hardware infrastructure DePIN project GEODNET

The Decentralized Network Hardware Infrastructure DePIN Project GEODNET announced on the X platform that it has received investment from ParaFi Capital. The specific investment amount has not been disclosed yet. The new funds plan to support it in building a global real-time dynamic network to provide services for robotics, autonomous driving and agriculture. It is reported that GEODNET previously disclosed that it is building a decentralized GPS network based on Polygon PoS, and each node of which will receive token rewards, allowing the use of dollar revenue to buy back and destroy tokens.