Quick take:
- The fund attracted backing from the layer-1 blockchain for DePIN Peaq, Solana Foundation and Jump Crypto among others.
- Decentralised physical infrastructure networks allow projects to use resources and equipment without owning them.
- Daylight, which raised $9 million in July is an example of a DePIN project focused on energy distribution.
Borderless Capital, an investment management firm focused on Web3 technology has launched its third fund with $100 million in backing. The decentralised physical infrastructure (DePIN) layer Peaq, Solana Foundation and Jump Crypto are among those who invested in the fund.
The new fund targets projects in the burgeoning decentralised physical infrastructure network segment of the crypto industry.
DePINs have emerged as one of the fastest-growing segments of the crypto industry. They leverage blockchain technology to enable projects to use resources and equipment without owning them.
Participants in the decentralised network can share for rent excess resources and receive crypto token payments as rewards. A good example in this case is Daylight Energy, a DePIN project focused on distributed energy.
Others include Helium, a decentralised wireless network that incentivises users to share connectivity through hotspots through the DePIN project’s native token (HNT).
According to the report by Coindesk, Álvaro Gracia, partner at Borderless Capital said in an email: “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.”
Earlier this week, decentralised internet infrastructure network Pipe raised $10 million in a funding round led by Multicoin. The project is building a content delivery network that uses crypto tokens to incentivise those hosting internet infrastructure.
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
Follow us on X and Telegram.
Credit: Source link
