Investment manager Borderless Capital has announced the launch of its third decentralized physical infrastructure (DePIN) fund with a backing of $100 million. The fund includes investors such as Peaq, Solana Foundation, and Jump Crypto. DePIN refers to physical infrastructure networks built using blockchain technology and token incentives, allowing projects to utilize the infrastructure without having to own and operate their own equipment. The aim is for DePIN to become the global standard for deploying physical infrastructure and generating passive income while providing easier access and lower costs for users.
- Content Editor ( coindesk.com )
- 2024-09-18
Borderless Capital Introduces $100M DePIN Fund Backed by Peaq, Solana Foundation