The post Borderless Capital launches its third DePIN-focused fund worth $100 million appeared on BitcoinEthereumNews.com.

Borderless Capital announced on September 18 that it had launched the third DePIN-focused fund. According to the investment manager, the $100 million fund aims to boost the development of Decentralized Physical Fracture Networks (DePIN).  Today, Borderless Capital, a Web3 investment manager, introduced its third DePIN-focused fund. According to the firm, the new fund will focus on investments at the protocol level. The firm also stated the investment mirrors its optimism about the future of DePIN in the Web 3 space. Borderless Capital introduces DePIN fund backed up by Web3 players  Investment firm Borderless Capital launched its third fund focused on Decentralised Physical Infrastructure Networks (DePINs). According to the team, the fund would prioritize Web2.5 DePINs, Impact, and commodity DePINs.  DePINs reportedly emerged as the fastest-growing sector in crypto. They allow the maintenance of physical infrastructure by leveraging blockchain. Additionally, their decentralized nature enables investors to build applications, GPU clusters, and connectivity networks at a lower cost than Web 2.0 models.   Alvaro Gracia, Partner at Borderless Capital, expressed optimism about DePINs. He said they were betting on them because they believed in innovation, especially in Web3.  He also projected that DePINs would become a global standard in developing physical infrastructure. He added that it would enable investors to generate passive income while increasing accessibility for users at a lower cost.  “We’re especially excited about Physical resources, where network effects provide unbreakable moats, smartphone-based DePINs, mobility, mapping, wireless networks, and digital resources. DePIN offers a unique edge at this intersection.” –Borderless  Sean Carey, former head of U.S. investments at Telefonica, stated that DePINs would be a game changer as they would help address real-world needs. He added that DePIN could potentially onboard the next billion users into Web3.  DePINs attract Web3 investors and venture capitalists  1/ Borderless is excited to announce the…

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Filed under: News - @ September 19, 2024 12:10 am