Borderless Capital Announces $100 Million Fund for DePIN
CryptoNewsTerminal Staff18 Sep, 2024
Borderless Capital Announces $100 Million Fund for DePIN
Borderless Capital, a venture capital firm, is establishing a $100 million DePIN-focused fund. DePIN stands for decentralized physical infrastructure. The fund finds support from the Solana Foundation, Jump Crypto, and Peaq, a DePIN projects Layer 1 network. This move by Borderless Capital signifies the growing interest in DePIN, which is seen as a key area for blockchain technology. DePIN aims to bring transparency, efficiency, and accessibility to physical infrastructure by leveraging blockchain technology. The fund will invest in projects that are developing DePIN solutions across various sectors, including energy, transportation, and real estate. By offering funding and support, Borderless Capital aims to foster innovation and drive the adoption of DePIN.
