On July 31st, according to Businesswire, blockchain climate technology company Raad Labs announced the completion of a $2.25 million financing round, led by CoinFund with participation from Tribe, EV3, and Protagonist.

Raad Labs deploys a distributed sensor network through the DePIN model to improve climate data measurement and forecasting. This network can monitor weather patterns, greenhouse gas emissions, wildfire risks, soil degradation, and more. By utilizing web3 technology, Raad can incentivize sensor operators to generate high-quality data required for high-precision environmental management.

Additionally, TJ Ragsdale has been appointed as Raad Labs' CEO and co-founder. TJ previously co-founded the battery storage DePIN protocol Entheos Network with others.