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