According to online reports, Wingbits, a decentralized physical infrastructure (DePIN) startup focused on the aviation industry, has raised US$5.6 million in funding, led by Borderless Capital and Bullish Capital. This round of investment has brought Wingbits's total financing to US$9.2 million. DePIN is a model that uses decentralized cybersecurity hardware and can be seen as a blockchain version of cloud computing services provided by large technology giants such as Amazon and Google. Wingbits 'goal is to provide reward-based flight tracking using cryptographically protected Automatic Dependent Surveillance Broadcast (ADS-B) receivers.