GEODNET

GEODNET is revolutionizing global positioning services through its decentralized Real-Time Kinematics (RTK) network, which provides cost-effective and precise GPS and GNSS corrections. With centimeter-level accuracy, GEODNET caters to high-precision applications including autonomous vehicles, agricultural automation, and drone deliveries. Founded in 2021 by Mike Horton, who has over 25 years of experience in GNSS and RTK technology, GEODNET has rapidly expanded to over 10,000 RTK base stations globally, making it the largest RTK network in the world. This growth has resulted in an impressive $2 million in annualized revenue, reflecting a 455% increase from the previous year. Utilizing a Decentralized Physical Infrastructure Network (DePIN) model, GEODNET significantly reduces the capital and operational costs associated with building a global RTK network. By distributing costs among infrastructure owners, the company has managed to cut expenses by 90% compared to traditional models. This innovative approach has allowed GEODNET to deploy its base stations quickly and efficiently. The network's partnerships with organizations such as the US Department of Agriculture demonstrate its practical applications and scalability, particularly in supporting tractor auto-steering technology. GEODNET's ecosystem continues to grow through strategic collaborations with companies like Boson Motors, Wingbits, and Propeller, enhancing its RTK capabilities across various sectors. These partnerships not only extend GEODNET's reach but also improve the accuracy of applications ranging from precision agriculture to advanced flight tracking. As GEODNET aims to expand its node network to achieve full global coverage within the next few years, its focus on cost efficiency, scalability, and reliability positions it to meet the increasing demand for precise geolocation services in a rapidly evolving technological landscape.

IoTeX and GEODNET have announced an innovative collaboration aimed at enhancing the verifiability of Decentralized Physical Infrastructure Network (DePIN) devices. This partnership focuses on the integration of GEODNET's new GEO-PULSE device with IoTeX's ioID for on-chain device identity and W3bstream for zero-knowledge proofs. The collaboration is designed to ensure that devices within a DePIN can be independently verified for authenticity and operational integrity, thereby fostering trust and increasing demand for DePIN networks. The GEO-PULSE device will be able to register on-chain, sign data for provenance, and demonstrate its real-world activity, making it a significant advancement in the field of verifiable devices. The GEO-PULSE device, touted as the world's most accurate car navigation tool, offers a remarkable improvement in lane-level positioning accuracy compared to traditional GPS systems. This device not only benefits consumers but also provides commercial operators and web3 enthusiasts with the opportunity to earn rewards through its integration with the GEODNET network. Users can earn $GEOD tokens by completing tasks on the network, and those who register their devices with an ioID will also qualify for a share of $100,000 worth of $IOTX tokens. This initiative aims to incentivize user participation and promote the adoption of verifiable technologies in the DePIN sector. The collaboration between IoTeX and GEODNET is set to revolutionize the DePIN landscape by establishing a seamless integration of their technologies. Users can easily create a decentralized identity for their GEO-PULSE device through the GEODNET mobile app, which will then interact with IoTeX's blockchain for verification. This process includes the generation of zero-knowledge proofs to validate the device's liveness, location, and movement. As the GEO-PULSE devices roll out in January, a comprehensive onboarding guide will be provided to assist users in maximizing their participation in this transformative initiative, ultimately contributing to a more verifiable and trustworthy DePIN ecosystem.

Arkreen, a Web3-powered infrastructure company focused on renewable energy and carbon reduction, has announced a strategic partnership with GEODNET, a leader in Earth observation and operator of the largest Real-Time Kinematics (RTK) network globally. This collaboration falls under the "Plug for Green Program" (PGP) and aims to enhance carbon neutrality within Decentralized Physical Infrastructure Networks (DePIN). Together, they are paving the way for a sustainable future by leveraging innovative technologies to address energy consumption and carbon emissions in the mining sector. The partnership introduces a novel approach to monitor energy consumption and offset carbon emissions through the integration of GEODNET's satellite miners and Arkreen's Smart Plugs. By utilizing Arkreen's tokenized Renewable Energy Certificates (RECs), users can now directly offset their carbon emissions from brown energy consumption on-chain. This initiative not only promotes a greener mining process but also unlocks new opportunities for participants to engage in environmentally responsible practices while benefiting from dual-mining rewards. As a key player in global Earth observation, GEODNET enhances the capabilities of autonomous systems with its advanced RTK network, which offers significant improvements in positional accuracy. Through the Plug for Green Program, Arkreen equips GEODNET with real-time energy monitoring and innovative green incentives, encouraging the community to adopt carbon-neutral practices. This partnership exemplifies the potential of Green DePIN initiatives, empowering participants to contribute to global sustainability efforts while reaping the rewards of eco-friendly mining.

In October, Wingbits has made significant strides in enhancing its flight tracking capabilities, marking a busy month for the community. The company has partnered with GEODNET and HYFIX to introduce innovative flight-tracking hardware, which is now available for pre-order. These nodes are designed to collect real-time ADS-B data, rewarding users for their contributions. Early adopters can benefit from a $100 discount on their pre-orders, with deliveries scheduled to begin in January 2025. Interested customers can purchase the hardware through various trusted distributors across the globe. The Wingbits network has also reached a milestone, surpassing 2,000 active stations worldwide, thanks to the support of its community. This expansion sets a new standard for real-time aviation data, and users are encouraged to explore the upgraded network map to view all active stations and aircraft layers. Additionally, Wingbits hosted a live AMA session with GEODNET, addressing community questions and discussing future plans. The company has launched an Ambassador Program on Zealy, inviting enthusiastic members to help promote the project and connect with other innovators. To engage the community further, Wingbits held a global hardware giveaway, with three winners selected to receive the first-ever Wingbits-approved flight-tracking devices. The company also highlighted the importance of community-driven solutions in flight tracking, emphasizing the accessibility of tracking over 30 million flights globally in 2024 through ADS-B technology. As the month wraps up, Wingbits encourages users to share their experiences and setups on social media, fostering a vibrant community dedicated to aviation and data accuracy.

Animoca Brands, a leader in advancing digital property rights for gaming and the open metaverse, has announced a strategic partnership with GEODNET, a decentralized Real-Time Kinematics (RTK) network. This collaboration aims to enhance mixed-reality gaming and immersive experiences by integrating advanced location technology into consumer applications. As part of this partnership, Animoca Brands has also invested in GEODNET to support its growth within the Decentralized Physical Infrastructure Network (DePIN) community, which seeks to bridge the gap between the physical and virtual worlds through innovative location and mixed-reality technologies. The partnership will leverage Mocaverse, Animoca Brands' consumer network that features an interoperable infrastructure layer encompassing Account, Identity, Reputation, and PointFi systems. This collaboration is expected to facilitate network growth and explore precise location integration into various consumer applications within the Moca Network. Yat Siu, co-founder and executive chairman of Animoca Brands, expressed enthusiasm for GEODNET's ultra-precise location technology, which presents new possibilities for mobile and gaming experiences. He emphasized that the centimeter-level accuracy provided by GEODNET's DePIN of Satellite Miners will enable developers to create engaging mixed-reality applications that seamlessly blend digital and physical worlds. Furthermore, GEODNET has successfully passed a governance initiative (GIP4), which paves the way for Web3 mobile applications powered by its precise location technology. Described as a highly reliable Web3 RTK Network utilizing DePIN principles, GEODNET offers a significant improvement in position accuracy compared to standalone GPS, using only a low data rate network connection. Its global network of RTK stations complements on-device sensors like Cameras, LiDAR, and IMUs, thereby powering AI-based Autonomous Systems with accurate real-time 3D localization. Mocaverse aims to become the premier Web3 platform for consumers, enabling them to maximize their exposure to Web3 experiences and rewards, further solidifying Animoca Brands' commitment to establishing the open metaverse through its diverse portfolio of products.

GEOD, the native utility token of the GEODNET network, is making significant strides by going multichain to Solana through the Wormhole Native Token Transfer (NTT) framework. This transition was solidified by a governance vote that saw a 99% approval for the creation of the SPL token, as outlined in GEODNET Improvement Proposal #3 (GIP3). The GEOD token is integral to the network, rewarding Base Station hosts for mining satellite signal data and being utilized by customers through a purchase and burn mechanism. The Polygon-based GEOD token will remain active for satellite mining, while the new Solana token is expected to enhance the network's capabilities and reach. The introduction of the Solana-based GEOD token is anticipated to provide numerous benefits for the GEODNET community, including enhanced service utility through the integration of multiple Solana DePIN protocols. This will facilitate essential services such as communication and mapping protocols, which are crucial for autonomy. Additionally, GEODNET is launching a Mobile SDK and applications, including the GEO-PULSE app, that will align with Solana's mobile initiatives. This move is seen as pivotal for fostering an open and decentralized mobile internet, countering the existing duopoly of the Android Play and Apple Store. To facilitate the transition and increase liquidity, GEODNET has implemented an in-app bridge powered by Wormhole, allowing seamless token transfers between networks. Initial transfer limits are set to 100,000 GEOD tokens to manage risk while liquidity grows. Trading pairs for GEOD/SOL are already live on platforms like Orca and Raydium, with expectations for market-making support to enhance trading activity. The Foundation is also exploring broader multichain support, including the potential for satellite mining rewards on Solana, ensuring that the community remains informed about future developments and utility enhancements for the GEOD token.