**News Flash: Borderless Capital Launches $100M Fund for DePIN Projects**
Investment firm Borderless Capital has unveiled its third fund, dedicating $100 million to decentralized physical infrastructure networks (DePIN). Announced on Sept. 18, this fund aims to support blockchain-based projects that develop and maintain global physical infrastructure.
Led by Ălvaro Gracia and Helium co-founder Sean Carey, the fund has backing from peaq, the Solana Foundation, Jump Crypto, and IoTeX. DePIN projects leverage blockchain to build decentralized systems for connectivity, computing, and geolocation, rewarding contributors with tokens.
Notable projects include Helium, offering IoT device networks, and Filecoin, providing decentralized data storage. With the DePIN market projected to hit $3.5 trillion by 2028, this fund marks a significant step in the evolution of Web3 infrastructure.
