The global blockchain air rights market SkyTrade has completed its pre-seed round of financing, with Modular Capital and Portal Ventures co-leading the investment.

ChainCatcher news, the blockchain-based global air rights market SkyTrade has completed its pre-seed funding round, led by Modular Capital and Portal Ventures, with participation from Solana Foundation, Mercatus Center, and angel investors Santiago R Santos, Yano, among others. The specific amount of funding has not been disclosed.

SkyTrade is establishing the world's first air rights market, allowing owners, real estate companies, and traders to monetize and smoothly buy and sell air rights.

According to the Web3 asset data platform RootData, SkyTrade is a blockchain-based global air rights market for buying, selling, and leasing airspace. SkyTrade enables users to control their low-altitude airspace, allowing them to seamlessly register, manage, and control access.