Odaily News Onocoy Association, a community-based blockchain global GNSS network, announced the completion of a strategic round of financing of US$940,000. GPS industry company Thomas Seiler and DePIN project Smart Island participated in the investment. As of now, the company's total financing amount has reached US$4.2 million. The specific valuation information has not been disclosed. Onocoy uses shared infrastructure supported by blockchain technology to provide professional-grade GNSS data. The new funds will support its construction of a decentralized platform to expand into agriculture, construction, land management and autonomous systems.