The DePIN project Soarchain announced the completion of a $4.5 million financing round, with participation from Alpha Ventures and others

ChainCatcher news, the DePIN project Soarchain announced the completion of a $4.5 million financing round, with participation from Taisu Ventures, BlockBuilders, Hyperithm, Plug and Play, Alpha Ventures, and others.

It is reported that Soarchain is built on the Cosmos SDK and is a sovereign application chain that provides token incentive data and connectivity infrastructure for vehicles. The platform enables vehicles to contribute to the vehicle network anonymously and privately, while maximizing their advantages by leveraging applications running on the network—while also earning rewards. Developers and data consumers use car owner-generated automotive data to create applications and services on a reliable, open platform, thereby reducing the cost of providing better goods and services to users.