TechFlow News — WeatherXM Network, a decentralized physical infrastructure network (DePIN), has raised $7.7 million in Series A funding led by Lightspeed Faction, with participation from Protocol Labs, Borderless Capital, Arca, Alumni Ventures, Placeholder VC, Red Beard Ventures, Metaplanet, GS Futures, Consensys Mesh, Westerly Ventures, dlab, Eleftherios Diakomichalis, and Juan Benet.
The company plans to use the investment to grow its team and network, and continue research and development in crypto-enabled weather hardware and decentralized infrastructure. WeatherXM has deployed over 5,000 stations across more than 80 countries, producing various weather station hardware devices that collect local environmental data, collectively building a unique ground-sensor weather network.
Participants operating specialized low-cost, low-maintenance stations will earn ERC20 $WXM tokens as rewards—native governance and utility tokens of the WeatherXM Network Association. On the same day, station operators will be able to begin collecting daily rewards and accumulated testnet rewards on the Arbitrum mainnet.
