Borderless Capital Launches $100M Fund Targeting DePIN Projects

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

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.

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