ParaFi Capital invests in the Decentralization network hardware infrastructure DePIN project GEODNET

Jinse Finance reported that the DePIN project GEODNET, a Decentralization network hardware infrastructure, announced on X platform that it has received investment from ParaFi Capital. The specific amount of investment has not been disclosed yet. The new funds are intended to support its construction of 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 Decentralization GPS network based on Polygon PoS, and each Node operation will receive Token rewards, allowing the use of US dollar income to repurchase and destroy Tokens.