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Borderless Capital has announced the launch of its third DePIN Fund III, securing $100 million in backing. The fund aims to support the expanding Decentralized Physical Infrastructure (DePIN) ecosystem. Key contributors to this fund include Peaq, Solana Foundation, IoTeX, Jump, Wormhole Foundation, GSR, Movement Labs, and GEODNET. DePIN is a rapidly growing sector in the crypto industry, with over 370 live tokens transforming industries such as cloud computing, telecom, and renewable energy. Approximately 75% of these tokens focus on AI and compute, while 25% enable physical services like wireless and energy.
Peaq Goes Full DeGEN Mode with $100M Bet on DePIN Peaq just aped into DePIN Fund III, throwing down as the anchor investor in this $100M play by Borderless Capital DePIN projects are leveling up real-world infrastructure with decentralized networks - no middlemen, just… https://t.co/bBHoRtaaBp
Peaq Bets Big: $100M into DePIN Fund III Peaq is making moves, locking in as the anchor investor for DePIN Fund III, a $100M vehicle by Borderless Capital. DePIN is no small play - blockchain is set to disrupt physical infrastructure, and this fund’s packed with backers like… https://t.co/RFh5vJhVwd
[COINTELEGRAPH] Borderless Capital announces $100M for third DePIN fund
