WeatherXM
WeatherXM is a community powered weather network that rewards weather station owners and provides accurate weather services to Web3 enterprises.
Key points
- $12.7 million raised from Faction, Placeholder Ventures, ConsenSys Mesh, Borderless Capital, Protocol Labs and others. The amount does not include the SwissBorg sale.
- More than 5,200 weather stations were deployed in 81 countries in 2 years.
- $WXM Token launched on Arbitrum One (Mainnet) and Ethereum L1.
- Data licences will be auctioned in $WXM.
- WeatherXM is building the world’s largest community-powered weather network, rewarding station owners and providing valuable services to individuals, businesses, and researchers.
- Through this partnership, users can invest in weather stations at a subsidised rate ($500 USD or with WXM payment option on a discounted price at WXM 700). For every station bought, WeatherXM donates another, resulting in a 2-for-1 impact. Investors receive an NFT representing ownership and enjoy rewards for 36 months, in $WXM tokens.
- Our initiative targets deploying 3,000 stations in regions including Mexico, Colombia, Venezuela, Kenya, Uganda, Liberia, South Africa, and Madagascar.
- Detailed project and token analysis
Where can I find out more details about the terms of the deal?
https://content.swissborg.io/legal/weatherxm-machine-licensing-terms/en-us/
Other useful links:
- Investment thesis with FAQ
- Term Sheet
- Check Cyrus' interview with WeatherXM's CEO
If you are interested in buying the WXM token you can find it in the SwissBorg app.
Team
Manolis Nikiforakis
CEO
Stratos Theodoru
CPO
Nikos Tsiligaridis
CTO
Thanos Daskalopoulos
CCO
Nikos Pagkratis
CFO
Funding
Lightspeed Faction
Placeholder Ventures
ConsenSys Mesh
Protocol Labs
Borderless Capital
SOSV
Arca
Redbeard Ventures
Alumni Ventures
Juan Benet
Ele Diakomichalis
Chris Burniske
Timeline
Early 2022
Hardware MVP launched
Jun. 2022
$5m raised in the seed round
Dec. 2023
5k weather stations shipped
May 2024
$7.7 million raised in the Series A round
May 2024
$WXM token launched on Arbitrum One
Jun. 2024
2 million station days of data
Partners
Filecoin
Helium
Tableland
The Product
1. Free Mobile App: Live weather data and forecasts. Station management and $WXM rewards for station owners.
2. Tech: Multiple different weather stations with different capabilities. You can find out more details about these devices here.
3. Roadmap - WeatherXM Pro: Paid access to weather data collected through REST API.
4. Roadmap - Web3 Weather Oracle: Enable smart contracts to take actions based on weather events.
Video about WeatherXM
Join WeatherXM community!
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