Decentralized Physical Infrastructure Network (DePIN) project Vangrid announced that it has secured $9 million in seed funding. According to The Block, this investment round saw participation from HashKey, Borderless Capital, Crypto.com, Animoca Brands, Gate Labs, Mapleblock Capital, and others. Vangrid is developing a smartphone-based 3D spatial data collection and on-chain verification network solution. The raised funds will be used for expanding the data network and broadening AI infrastructure partnerships. Additionally, Vangrid plans to launch its own token in the second half of this year to implement a reward mechanism.
