PANews reported on January 22 that according to CoinDesk, DePIN startup Wingbits completed US$5.6 million in financing. This round of investment was led by Borderless Capital and Bullish Capital, bringing Wingbits' total financing amount to US$9.2 million.

Wingbits is a decentralized physical infrastructure (DePIN) startup focused on the aviation industry that aims to provide reward-based flight tracking services using cryptographically secured Automatic Dependent Surveillance-Broadcast (ADS-B) receivers.