Fund Launch
Borderless Capital, an investment manager, has unveiled its third decentralized physical infrastructure (DePIN) fund with $100 million in backing. The fund counts DePIN-focused blockchain Peaq amongst its investors, as well as the Solana Foundation, Jump Crypto and IoTeX.
DePIN Explained
DePIN refers to physical infrastructure networks built using blockchain technology and token incentives, which allow other projects to utilize the infrastructure without having to buy and run their own equipment. One of the more prevalent DePIN areas is decentralized wireless networks, such as Helium.
Market Growth
As of April this year, the top 10 DePIN projects had raised more than $1 billion combined, according to a report by Crypto.com. Borderless Capital's partner, Álvaro Gracia, believes "DePIN will become the global standard for deploying physical infrastructure, coordinating human resources, and generating billions in passive income while at the same time providing easy access and lower cost for the users."
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