Golden Finance reports that Wingbits, a decentralized physical infrastructure (DePIN) startup focusing on the aviation industry, has raised US$5.6 million in funding, led by Borderless Capital and Bullish Capital. This round of investment brings Wingbits’ total financing to US$9.2 million. DePIN is a model that uses decentralized cybersecurity hardware and can be thought of as a blockchain version of the cloud computing services offered by big tech giants like Amazon and Google. Wingbits aims to provide reward-based flight tracking using encryption-protected Automatic Dependent Surveillance-Broadcast (ADS-B) receivers.