Borderless Capital, a leading Web3 investment manager, today announced the launch of its third DePIN-focused fund, a $100 million fund supported by notable investors including peaq, Solana Foundation, and others.
DePIN Innovations
Decentralized Physical Infrastructure Networks (DePIN) are transforming the construction and maintenance of physical infrastructure by utilizing blockchain technology and token incentives. This decentralized model enables the development of connectivity networks, GPU clusters, edge computing, mapping, and many other applications with greater efficiency and at a lower cost compared to traditional Web 2.0 models.
Fund Partners
The fund is led by former Telefónica executive Álvaro Gracia and Helium co-founder Sean Carey, backed by investors such as peaq, Solana Foundation, Jump Crypto, IoTeX, GSR, Anfield, Wormhole Foundation, Sonic Boom Ventures, Movement Labs, and others.
Fund Focus
DePIN Fund III will prioritize protocol-level investments focused on Commodity DePINs, Web 2.5 DePINs, and Impact. Commodity DePINs utilize widely accessible hardware such as smartphones and laptops, offering scalability and versatility. Web 2.5 DePINs combine decentralized networks with traditional Web2 payment rails.
This is Borderless Capital’s third fund dedicated to DePIN, following the DePIN Fund I and DePIN Fund II, which invested in over 35 groundbreaking projects, including Helium and Render Network.
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