Web3 weather network WeatherXM Network completes $7.7 million Series A funding, led by Lightspeed Faction

ChainCatcher news, according to FORTUNE, the Web3 weather network WeatherXM Network announced the completion of a $7.7 million Series A funding round, led by Lightspeed Faction, with participation from Protocol Labs, Borderless Capital, Arca, Alumni Ventures, Placeholder VC, Red Beard Ventures, Metaplanet, GS Futures, Consensys Mesh, Westerly Ventures, dlab, Eleftherios Diakomichalis, and Juan Benet.

It is reported that the company plans to use this investment to develop its team and network, and continue research and development in supporting crypto-enabled weather hardware and decentralized infrastructure. WeatherXM has deployed over 5,000 stations in more than 80 countries/regions, producing various weather station hardware devices that collect local environmental data, collaboratively building a unique ground sensor weather network.

According to the Web3 asset data platform RootData, Weather XM is a Web3 weather network that uses crypto incentives to improve the accuracy of forecasts. Weather XM's personal weather stations allow owners to become weather station operators and earn rewards by collecting and verifying data.