1. About the Fund and Its Purpose
2. Projects and Leaders
3. Role of DePIN in Infrastructure

Investment firm Borderless Capital has announced its third fund dedicated to decentralized physical infrastructure networks (DePINs).

About the Fund and Its Purpose

The venture firm launched a $100-million fund to invest in blockchain-based projects working on developing and maintaining physical infrastructure worldwide. The firm has been investing in the sector since 2021, backing projects such as Helium, Render Network, and GEODNET.

Projects and Leaders

The new fund is led by former Telefónica executive Álvaro Gracia and Helium co-founder Sean Carey, with support from layer-1 blockchain Peaq, the Solana Foundation, Jump Crypto, and IoTeX.

Role of DePIN in Infrastructure

DePINs are decentralized systems that employ blockchain technology to build and maintain physical infrastructure, such as connectivity networks, computing power, or geolocation services. Instead of relying on traditional centralized companies or governments, DePIN projects allow individuals and smaller entities to contribute resources to the network and get rewarded with tokens.

According to the '2024 DePIN Development Report,' this market is expected to reach a size of $3.5 trillion by 2028. The rise of DePIN protocols has attracted layer-1 blockchains to focus on upgrading their infrastructure to support these projects.