PANews reported on April 30 that according to BlockchainReporter, the decentralized high-precision map protocol ROVR Network completed a $2.6 million seed round of financing, led by Borderless Capital and GEODNET, with participation from IoTeX and other institutions. The project combines LiDAR laser radar with real-time dynamic positioning technology (RTK) to provide centimeter-level precision open source map data solutions for the autonomous driving industry.

Guang Ling, founder of ROVR, said that this round of funds will be used for global hardware deployment and community data collection. The project has simultaneously launched the issuance of the native token ROVR, which is based on the Solana chain and adopts a deflationary model - data sales revenue will automatically trigger the token destruction mechanism. ROVR and GEODNET will set up a joint office in Silicon Valley to integrate the technical resources of both parties in the field of spatial positioning and 3D modeling.