The DePIN project GEODNET has received investment from Animoca Brands and has reached a cooperation agreement with them
ChainCatcher news, Animoca Brands announced a partnership with GEODNET, a "decentralized" real-time kinematics (RTK) network aimed at driving mixed reality gaming and immersive experiences, integrating positioning technology into consumer applications.
In addition, Animoca Brands has also invested in GEODNET to support its development within the DePIN community while promoting the development of positioning and mixed reality technologies.
GEODNET will collaborate with Mocaverse, a consumer network that features an interoperable accounts, identity, reputation, and PointFi system infrastructure layer developed by Animoca Brands, to help "facilitate network growth and explore various consumer applications that integrate precise location into the Moca network."