The ESG data oracle project Nubila has raised $2.5 million in funding, led by IoTeX and VeChain

ChainCatcher news, according to official sources, the oracle project Nubila, which provides ESG data specifically for the decentralized physical infrastructure network (DePIN) ecosystem, has launched a new round of financing, led by IoTeX and VeChain+ Boston Consulting Group, and has raised $2.5 million so far. OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber, Radiance Ventures, and Genopets also participated.

It is reported that Nubila focuses on providing accurate ESG data for the DePIN ecosystem, aiming to leverage AI and tokenization to promote sustainability. The funds will be used to expand its ESG data network, enhance data accuracy, and increase user engagement. Nubila plans to capture key environmental data through advanced weather stations and sensor networks to improve the accuracy of ESG assessments.