According to TechFlow, on September 18, Coindesk reported that investment management company Borderless Capital announced the launch of its third decentralized physical infrastructure (DePIN) fund with a scale of US$100 million. DePIN-focused blockchain projects Peaq, Solana Foundation, and Jump Crypto participated in the investment.

DePIN refers to a network of physical infrastructure built using blockchain technology and token incentives that other projects can use without having to purchase and operate their own equipment. Alvaro Gracia, partner at Borderless Capital, said: "DePIN will become a global standard for deploying physical infrastructure and coordinating human resources while providing users with lower costs and convenient access."