Alex Lungu is the co-founder of Wingbits, a DePIN flight tracking network that shares profits with its community of data providers.
When I was in college, social networks were all the rage. Up until that point, the internet was read-only; you visited a web page and read someone else’s opinion on a topic. We wanted more: we wanted to post our own photos, express our own opinions, and share them with our friends. Those were amazing times; everyone loved the internet, and it was all for free! However, we slowly learned that if something is free, you’re the product. Or, better said, your data is the product.
Web3 promised us the solution. Instead of giving away your data, what if you kept ownership over it? During the last bull market, everyone tried to find problems that Web3 could fix. Everything was tokenized: art, watches, carbon credits and random memes. It should have been the other way around: first identify the problem, then apply the solution.
So, what does any of this have to do with flight tracking? The flight enthusiasts' community is a small but global group that collects data from airplanes flying around them and sends it to a couple of large flight tracking networks. In return, they get full access to the platforms . Those networks then collect this data and sell it to all sorts of different companies operating in aviation, travel and logistics.
It's just the right thing to do and we can see the results. Since we launched our public beta in November 2023, the Wingbits community grew from 40 to over 1450 live antennas, growing in half a year more than Flightradar did in their first three years. We now have almost complete coverage over Europe and a large part of the US, tracking over 35000 flights daily.
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