Investment firm Borderless Capital has introduced its third fund dedicated to decentralized physical infrastructure networks (DePIN). The venture firm recently unveiled a $100 million fund to support blockchain-based projects focused on developing and managing physical infrastructure globally. Since 2021, the firm has been investing in the sector, supporting initiatives like Helium, Render Network, and GEODNET. Led by Álvaro Gracia and Helium co-founder Sean Carey, the new fund has garnered backing from various entities, including the Solana Foundation and Jump Crypto. DePIN systems leverage blockchain technology to create and sustain physical infrastructure, enabling individuals and smaller entities to contribute resources and receive tokens in return. Projects like Helium and Filecoin exemplify decentralized infrastructure delivery, offering services for IoT devices and data storage. The rise of DePIN protocols has attracted attention from layer-1 blockchains like Solana, which is enhancing its network infrastructure to support DePIN applications. Read more AI-generated news on: https://app.chaingpt.org/news