Crypto investment firm Multicoin has led an $8 million investment in Geodnet by purchasing GEOD tokens, a major step forward for the DePIN project that is developing an alternative to GPS with such accuracy that it can pinpoint a location the size of a golf ball.

Geodnet – High Precision Positioning Solution For Robots & Drones

Unlike the conventional #GPS , which is only good enough for navigating cars or mobile devices, Geodnet is aimed at applications that require higher precision, especially in smart agriculture and industrial automation. According to Mike Horton, the project leader, Geodnet's customers are agricultural drones and industrial robots - devices that need positioning data accurate to the centimeter.

Geodnet’s system consists of nearly 14,000 base stations, providing positioning data with much higher accuracy than traditional GPS. Notably, many of Geodnet’s customers are not even aware that the platform uses blockchain technology and has a token incentive mechanism.

DePIN Helps Geodnet Expand at a Breakneck Pace

#Geodnet belongs to the #DePIN (Decentralized Physical Infrastructure Networks) project group, a growing crypto sector that encourages individual users to deploy physical infrastructure. Anyone who owns a base station worth around $700 can participate in the system and receive rewards in GEOD tokens.

Thanks to this model, Geodnet has expanded rapidly in just two years, reaching twice the number of stations of any similar network in the world. Compared to the traditional approach, which requires expensive infrastructure investment, Geodnet has significantly reduced the cost of expanding the system.

Mike Horton shares:
“Thanks to DePIN, we developed a system in 2 years that took the industry 20 years to achieve. We now have twice the number of stations as anyone else.”

Multicoin Bets on the Growth of Robots & Drones

Multicoin's $8 million investment in #Geodnet is not just a financial deal, but also a strategic one. Multicoin believes that Geodnet's low-cost, high-precision positioning system will be the key to the explosion of technologies that require precise positioning, such as:

  • Self-driving cars

  • Delivery Drones

  • Automatic agricultural equipment

According to Shayon Sengupta, Investment Partner at Multicoin:
"To function effectively, robots need to be able to answer the basic question: Where am I?"

Geodnet Is Generating Huge Revenues And Expanding Into New Markets

Horton revealed that Geodnet’s current customers are generating over $3 million in annual recurring revenue (ARR). In 2025, the company aims to expand aggressively in India and South America, especially in the agriculture sector.

The investment was made through the direct purchase of GEOD tokens from the Geodnet Foundation, the organization behind the Geodnet network. Previously, in April 2024, the project raised capital from major investment funds such as Coinfund, Pantera, and VanEck.

Horton asserts:
"We are raising this money to focus on developing robots and drones."

The Future of Geodnet

With the support of Multicoin and the rapid development of the DePIN model, Geodnet is on track to become one of the most important location networks for the autonomous era. If the project continues to expand and attract more customers, the GEOD token is likely to grow even stronger.