Borderless Capital Announces $100M for Third DePIN Fund

Investment firm Borderless Capital has launched its third fund, aiming to inject $100 million into DePIN (Decentralized Physical Infrastructure Networks) projects. DePINs represent a decentralized model for building and maintaining physical infrastructure using blockchain technology, allowing contributors to earn tokens for supporting the network. This bold initiative could redefine how critical services, such as connectivity and data storage, are delivered.

🔮 What is DePIN?

DePINs are decentralized systems built to manage real-world infrastructure without the need for centralized organizations or governments. Instead, individual contributors can offer resources such as hardware, data, or services to maintain the network. In return, they are rewarded with tokens. Notable projects like Helium, which offers decentralized wireless networks, and Filecoin, a decentralized storage platform, have pioneered this space.

🔮 Key Players and Vision

This new fund is led by Álvaro Gracia, a former Telefónica executive, and Sean Carey, the co-founder of Helium. The venture has also secured backing from major players like the Solana Foundation, Jump Crypto, IoTeX, and Peaq. The goal is to further accelerate the growth of decentralized infrastructure, which experts believe will have transformative potential, particularly for underserved areas that struggle with traditional infrastructure models.

Gracia, who’s also a partner at Borderless Capital, noted, “We are making a bold bet on DePIN because we believe it’s one of the most revolutionary innovations in the Web3 space.”

🔮 Market Potential

According to the 2024 DePIN Development Report, the DePIN market is projected to reach a staggering $3.5 trillion by 2028. The growing interest in decentralized infrastructure is evident with 276 DePIN projects currently in development, amassing more than 18 million devices globally. The combined market cap of these projects is currently estimated at $29 million.

🔮 A New Era of Infrastructure

Borderless Capital’s new fund is a significant step toward advancing the Web3 ecosystem, focusing on decentralized networks that offer real-world utility. By backing these projects, Borderless aims to empower decentralized solutions for connectivity, storage, and more, creating new opportunities for innovation and inclusion.

With heavyweights like Solana working on improving network infrastructure to support DePIN applications, and a market with explosive growth potential, Borderless Capital's fund is well-positioned to fuel the next wave of Web3 development.

As decentralized infrastructure continues to expand, it offers a new model for delivering essential services, especially in regions that have been underserved by traditional systems. Borderless Capital’s continued commitment to this space underscores the belief that DePINs could be the foundation of tomorrow’s decentralized economy.

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