Crypto investment firm Multicoin is leading an $8 million investment in GEOD tokens, a crypto project that is building a hyper-accurate alternative to GPS. GEOD tokens are the incentive mechanism for Geodnet, which financially incentivizes regular people to host physical infrastructure for location data. The project has seen significant growth in demand, with its token doubling in value over the past year. Geodnet provides centimeter-level location data to clients, particularly those in the farming and robotics sectors. The investment aims to facilitate the growth of technologies that require accurate location data, such as self-driving vehicles and delivery drones. Geodnet plans to expand its operations in India and South America, targeting the farming sector. Multicoin purchased GEOD tokens directly from Geodnet Foundation, the entity behind the network.



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