TechFlow reports that blockchain climate technology company Raad Labs announced on July 30 the completion of a $2.25 million funding round led by CoinFund, with participation from Tribe, EV3, and Protagonist.
Raad Labs originated from the Montauk Climate incubator and is dedicated to deploying distributed sensor networks through the decentralized physical infrastructure network (DePIN) model to improve climate data measurement and forecasting.
The blockchain-powered network monitors multiple environmental indicators including weather patterns, greenhouse gas emissions, wildfire risks, and soil degradation.
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