DePIN Flight Tracker Wingbits Lands Korean Air as First Major Airline Partner
The post DePIN Flight Tracker Wingbits Lands Korean Air as First Major Airline Partner appeared on BitcoinEthereumNews.com.
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Korean Air has signed a research agreement with Stockholm-based Wingbits to supply real-time ADS-B data for the airline’s ACROSS air traffic coordination system. The deal gives the carrier’s R&D division access to coverage across Korea’s Incheon FIR, North America and Europe as it tests how drones, cargo aircraft and eventually eVTOL taxis will share crowded skies. Wingbits runs a decentralized network of cryptographically secured ADS-B (real-time data for flight information) receivers, rewarding contributors in tokens for placing hardware in optimal locations. The DePIN startup previously closed a $5.6 million round in January, led by Bullish Capital. Bullish is the parent company of CoinDesk. “All of aviation relies on this data to some extent, and it’s a really big and profitable market,” co-founder Robin Wingårdh told CoinDesk in an interview during Korea Blockchain Week. “It was just kind of weird that all these people do it for free, while three out of four networks were acquired for hundreds of millions and nothing went back to the community.” Incentives, Wingårdh said, are what separate Wingbits from rivals. “If you properly incentivize, you actually get people to put receivers where they matter, on a roof, at a business, or even renting space in a high-demand area,” he continued. “And on average, we see more than twice the coverage per antenna versus the competition, simply because the incentive is there.” Some deployed Wingbits receivers (Wingbits) For Korean Air, the collaboration is as much about the future as the present. Its R&D division is experimenting with advanced air mobility, and Wingårdh…
Filed under: News - @ September 23, 2025 3:26 am