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GEODNET Achieves Massive Growth in 2024, Solidifying Its Position as the World’s Largest RTK Satellite Network
- Global Earth Observation Decentralized Network (GEODNET) experienced an exceptional year in 2024 with a growth of 219% in its satellite mining network, surpassing centralized competitors like Trimble.
- GEODNET now possesses the largest RTK network in the world, representing a growing demand for decentralized, real-time satellite data.
- The sharp rise in GEODNET's native token value and market capitalization is a significant achievement in 2024. By year’s end, GEODNET's token had reached a circulating market capitalization of $62 million, up 59% QoQ and 524% YoY, nearing its all-time high.
- GEODNET also netted significant new funding in a $2 million strategic funding round led by investors, such as Animoca Brands and ParaFi.
- GEODNET presented its latest product, the GEO-PULSE, a GPS receiver that retails for $149. The receiver uses GEODNET's RTK infrastructure to furnish users with accurate navigation.
- The GEOD token ecosystem of GEODNET expanded, spanning multiple blockchain platforms, with the first additional platform being the Solana blockchain.
- GEODNET's partnerships with Septentrio and Bad Elf, both advanced GPS tech firms, mark a vital development in the company's business.
- Both collaborations are expected to boost the adoption of GEODNET's RTK network and innovative applications in sectors like autonomous vehicles, precision agriculture, and various other industries.
- GEODNET looks well-positioned for a bright future, servicing an innovative part of the ever-expanding geospatial data, and satellite mining industries.
- The company has positioned itself on a stellar growth trajectory, and with its recent partnerships and product lines, GEODNET is on its way to establishing a higher operating profile in the marketplace.
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