Escape Velocity depin venture fund bets on decentralized physical infrastructure despite market gloom

Revolut Adds XYO to Platform, Bringing DePIN Into the Mainstream

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As cryptocurrency markets stall in early 2026, one private equity fund is quietly expanding its war chest to support real-world infrastructure in the sector.

Escape Velocity raises $61.74 million for its second cryptocurrency infrastructure fund

while Bitcoin Treat the water to start 2026feelings towards Decentralized physical infrastructureor DePIN, has deteriorated further. Symbols associated with physical networks, e.g Helium and Cell foldersis trading near all-time lows. However, emerging manager Escape speed It is doubled, having stirred $61.74 million For a second fund focusing on DePIN and broader cryptocurrencies.

The new car is closed Decemberattracting a list of prominent backers. It is worth noting, Marc Andreessen It joined the round, along with fintech heavyweights Mickey Malka to Ribbit Capital. Moreover, the player fund money sandalwood committed 15 million dollarswhich is the largest check in the fund, according to the co-founder Mahesh Ramakrishnan.

“I think the nature of cryptocurrencies and doing very external investing is that there will be cycles of very bearish sentiment and cycles of very bullish sentiment,” Ramakrishnan said, reaffirming his conviction in the importance of investing in cryptocurrencies. Decentralized physical infrastructure networks. However, he acknowledged that the current market phase is testing investors’ patience.

DePIN thesis: Real-world networks and native cryptographic incentives

It has been the core proposition of cryptocurrencies for a long time Decentralization. The builders created financial tracks, currencies and assets beyond the control of any single party. However, DePIN’s founders are expanding this idea from the digital realm to physical networks, designing peer-to-peer services for Wi-Fi networks.

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