Hivemapper, a Web3 business, has raised $18 million in funding to continue building the world’s first decentralized mapping ecosystem. Multicoin Capital exited the round, and the cash will be utilized to assist the mainnet launch of Hivemapper’s native HONEY token as well as attract more contributors.HONEY tokens are paid to contributors who install custom dashcams in their automobiles and share driving footage with Hivemapper.
According to Ariel Seidman, CEO of Hivemapper, their target market will be businesses searching for a less expensive and more up-to-date alternative to Google Maps.
