Borderless Capital, an investment management firm focused on Web3 technology, has launched its third fund with $100 million in backing. Notable investors include the decentralised physical infrastructure (DePIN) layer Peaq, Solana Foundation, and Jump Crypto. The fund aims to support projects within the rapidly growing DePIN segment of the crypto industry.

DePINs enable projects to utilize resources and equipment without ownership, leveraging blockchain technology. Participants can rent out excess resources and earn crypto token payments. Examples include Daylight Energy, focused on distributed energy, and Helium, a decentralised wireless network.

Álvaro Gracia, partner at Borderless Capital, stated that DePIN will set a global standard for deploying physical infrastructure, coordinating human resources, and generating passive income while reducing costs for users.