Home > web3.0 > Borderless Capital Launches $100M Fund Targeting DePIN Projects

Borderless Capital Launches $100M Fund Targeting DePIN Projects

王林
Release: 2024-09-19 03:47:12
Original
797 people have browsed it

The new fund targets projects in the burgeoning decentralised physical infrastructure network segment of the crypto industry.

Borderless Capital Launches 0M Fund Targeting DePIN Projects

Web3 investment management firm Borderless Capital has launched its third fund with $100 million in backing from firms including decentralised physical infrastructure (DePIN) layer Peaq, Solana Foundation and Jump Crypto.

The new fund will target projects in the rapidly growing decentralised physical infrastructure network segment of the crypto industry.

DePINs have emerged as one of the fastest-growing segments of the crypto industry, thanks to their ability to leverage blockchain technology to enable projects to use resources and equipment without having to own them.

Participants in the decentralised network can share excess resources for rent and receive crypto token payments as a reward.

One example of a DePIN project is Daylight Energy, which is focused on distributed energy. Another is Helium, which is a decentralised wireless network that incentivises users to share connectivity through hotspots with the DePIN project’s native token (HNT).

“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,” said Álvaro Gracia, partner at Borderless Capital, in an email.

Earlier this week, decentralised internet infrastructure network Pipe announced that it had 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.

Get the best of CC in your inbox

Sign up for CC's daily newsletter covering the top crypto stories!

We'll never spam you and you can unsubscribe at any time.

Follow CC on X and Telegram

The above is the detailed content of Borderless Capital Launches $100M Fund Targeting DePIN Projects. For more information, please follow other related articles on the PHP Chinese website!

source:php.cn
Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Popular Tutorials
More>
Latest Downloads
More>
Web Effects
Website Source Code
Website Materials
Front End Template