The post Borderless Capital’s Third $100M DePIN Fund Highlights Helium’s Potential in Decentralized Networks appeared on BitcoinEthereumNews.com.

The venture capital scene in the cryptocurrency industry has been notably active, with over $2.2 billion raised so far this year via closed funds, as reported by PitchBook. In recent weeks, several high-profile funds have collectively accumulated more than $500 million, signaling continued investor confidence. An intriguing highlight is Borderless Capital’s $100 million DePIN Fund III, focusing on Decentralized Physical Infrastructure Networks. Crypto Venture Capital Amasses Significant Funds, Eyeing Early-Stage Innovations Recent Surge in Crypto Venture Capital Funding According to data from PitchBook, cryptocurrency venture capital firms have raised an impressive $2.2 billion in new capital through closed funds by the end of August this year. In just a few weeks, notable VC firms like ParaFi Capital, Borderless Capital, Hack VC, and Robot Ventures have collectively raised over $500 million. ParaFi Capital, for instance, secured $120 million, while Borderless Capital and Hack VC raised $100 million and $77 million respectively. Focus on Early-Stage Startups Many of these venture capital funds are now targeting early-stage crypto startups, indicating a strong belief in the potential for groundbreaking innovations. By injecting capital at the nascent stages of these projects, VCs aim to tap into the disruptive potential that new technologies in blockchain and crypto space can offer, even amidst challenging market conditions. Spotlight on Borderless Capital’s $100 Million DePIN Fund III One of the standout funds is Borderless Capital’s $100 million DePIN Fund III, which focuses on Decentralized Physical Infrastructure Networks (DePIN). This is Borderless Capital’s third DePIN fund, following its previous successes with smaller scale funds. The third iteration marks significant growth in this sector, both in terms of funding sizes and project ambitions. DePINs: A Game Changer in Blockchain Infrastructure DePINs utilize blockchain technology and token incentives to enable the development of distributed connectivity networks, offering greater efficiency and reduced costs…

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Filed under: News - @ September 22, 2024 11:28 pm