Investment firm Borderless Capital has announced the launch of its third fund for decentralized physical infrastructure networks (DePIN).

📉 The new $100 million fund will invest in blockchain projects developing physical infrastructure around the world.

- The fund is led by former Telefónica CEO Alvaro Gracia and Helium co-founder Sean Carey.

- Backing from peaq, Solana Foundation, Jump Crypto, and IoTeX.

DePIN projects like Helium and Filecoin offer decentralized networks for IoT devices and data storage.

Source: IoTEx/Dune Analytics