$USDC Peaq Backs $100M DePIN Fund III by Borderless Capital, Fuels Decentralized Infrastructure #100MillionPortalTokens
Peaq invests as an anchor investor in DePIN Fund III, a $100 million fund by Borderless Capital. This fund aims to support the growth of DePIN projects. #ProjectUpdates
Peaq, a Germany-based Layer-1 platform focused on decentralized physical infrastructure networks (DePINs), announced on September 19 that it has invested as an anchor investor in DePIN Fund III, a $100 million venture fund launched by Borderless Capital.
In addition to peaq, DePIN Fund III boasts an impressive list of other backers, including the Solana Foundation, Jump Crypto, IoTeX, and GSR.
DePIN Fund III: Investing in the Future of Decentralized Networks
DePINs are transforming how physical infrastructure is built and maintained by leveraging blockchain technology and token incentives.
This decentralized model allows individuals to participate in building networks for connectivity, GPU clusters, edge computing, mapping, and more, with greater efficiency and lower cost compared to traditional Web2 solutions.
DePIN Fund III, managed by a team of seasoned industry experts, including Helium co-founder Sean Carey and former TelefĂłnica executive Alvaro Gracia, will focus on investing in promising DePIN projects that are transforming traditional industries.
Powering DePIN Growth
Peaqâs investment in DePIN Fund III offers several benefits to the broader DePIN community. The fund will provide additional capital to DePIN projects, enabling them to scale their operations and reach new markets
Peaq Strengthens Network with Industry Leaders
Peaq is actively expanding its reach and influence within the Web3 ecosystem through strategic partnerships with industry leaders and technological advancements.
On September 11, peaq strengthened its network by adding prominent European enterprises and research institutions
The new node operators, including Deutsche Telekom MMS, Lufthansa Innovation Hub, Bertelsmann Investments, and the Technical University of Munich (TUM).
