GEODNET Completes New Funding Round on October 31, 2024, with Animoca Brands as Lead Investor

According to media reports, GEODNET completed a new funding round on October 31, 2024, with Animoca Brands as the lead investor. The total amount raised by GEODNET has reached $15 million to date.GEODNET is an innovative project focused on collecting real-time geospatial data of the Earth and its atmosphere through rooftop-installed next-generation space weather stations. Leveraging blockchain technology, the project builds a robust and resilient network to deliver secure and reliable geospatial data products. These products are widely utilized in key economic sectors such as agriculture, transportation, and finance, while also supporting emerging applications including autonomous driving, AR/VR, and the metaverse.GEODNET has achieved significant progress over the past two years. Since the launch of the GEOD token on major exchanges in August 2022, the project has completed multiple financing rounds: a $1.5 million private round in July 2023, a $3.5 million funding round in February 2024, a $2 million strategic round in April 2024, and an $8 million over-the-counter round in February 2025. The latest investment from Animoca Brands is expected to further drive innovation in the geospatial data sector and enhance the quality of data services provided to users worldwide.