WeatherXM
Content developed with the support of the W.K. Kellogg Foundation
WeatherXM is a decentralized weather network that uses community owned small physical stations to collect weather data and reward station owners.
Website: https://weatherxm.com/
HQ: Athens, Attiki, Greece
Active Markets: Global - Most stations in Europe, United States, coasts of Australia and South Africa
Problem Addressed
Traditional weather networks are generally built around stations on prominent buildings and city centers, meaning the data they collect is only applicable to a small locality. Weather forecast data is also critical to the agriculture, energy, and transport industries for accurate risk management and planning. Existing weather stations also have high transaction and operating costs, presenting problems with coordinating data across multiple stations.
Project Description
WeatherXM allows the distribution of stations across the community, allowing citizens to access local, accurate weather data, with no coordination needed with building owners or extensive operating costs. It sells 4 different types of devices ranging from from basic versions to premium bundles that can be assembled and installed outside someone’s home. After the device is installed, it’s connected to the WeatherXM network through their app and connected to a compatible wallet on the Arbitrum One Network. The station will then begin collecting data and users are rewarded after a Quality of Data algorithm assesses the quality of data with users receive the $WXM token.
Business Data
Status: Active
Constituency Served: General Public, Weather Industry, Researchers, Climate-Impacted Communities
Networks: IoT
Known Investors: Lightspeed Faction + Tim Khoury, Redbeard Ventures, GS Futures, Protocol Labs, Westerly Ventures, Eleftherios Diakomichalis, Placeholder, Arca, Borderless Capital, dLab, Juan Benet (Filecoin)
Additional References: Whitepaper
Progress to date
WeatherXM raised $7.7 million in its most recent Series A Funding Round in May 2024, making it the largest weather network in the world in terms of funding with the number of stations rivaling those of government funded agency.
Business Model
WeatherXM generates revenue from selling its weather stations and also subscriptions to its database of weather updates via API.
Traction
WeatherXM currently has about 7000 weather stations and is aiming to reach 25,000 in 2025, and has generated more than 3 million days worth of data for use