Borderless Capital launches $100M Web3 fund focused on DePIN development

Home / News / Borderless Capital launches $100M Web3 fund focused on DePIN development

The capital without limitsWEB3 Investment in Miami, launched a $ 100 million fund aimed at accelerating the growth and development of decentralized material infrastructure networks. It is the third box without limits in the DePin space.

DePin seeks to transform the building and maintenance of physical infrastructure by taking advantage of Blockchain technology and symbolic incentives. DePin Fund III is supported by PEQ, Solana Foundation, Jump Crypto, IOTEX, GSR, Aprild, World Foundation, Sonic Boom Ventures, Movement Labs and others. The fund is led by former TELEFónica CEO Sean Curry, Sean Curry, co -founder.

According to Borderless, this decentralized model allows individuals to build communication networks, GPU groups, edge computing, appointment, and many other applications, with greater efficiency and less costs than traditional web models 2.0. DePin’s rapid growth potential is through the helium network, which was the first to enter the sector with T-Mobile and Telefónica partners, and more than a million IOT antennas have been published in 1.5 years, Including in MiamiGeodnet, RTK network (actual time) that runs Blockchain, said without limits.

Gracia Dein calls one of the most revolutionary innovations in the WEB3 space. “DePin will become the global standard for the spread of physical infrastructure, human resources coordination, and the generation of billions of negative income and at the same time provides easy access and low cost of users,” Gracia, the former US investment president at Telefónica added.

DePin Fund III will give priority to the protocol level with a special focus on DePins Commune, Web 2.5 DePins and influence. DePins are used for the commodity that are widely accessible devices, such as smartphones and laptops, providing expansion, diversity, and inclusive compared to detailed data that require custom devices. Web 2.5 DePins combines decentralized networks with the traditional payment bars of the Web2, and to process the current markets while taking advantage of the distinctive code incentives to pay the network boot.

“DePin is a changing games for the disadvantaged areas, as it provides infrastructure and critical services.” “With its ability to meet the needs of the real world, DePin has the ability to run the next billion in Web3.”

DePin Fund I and DePin Fund II were launched in 2021 and invested in more than 35 pioneering projects, including the helium network, the Rending network, Geodnet, Natix, Mawari, Silencio, DIMO, XNET and Wingbits.

Since 2018, Borderless has made more than 250 investments, including SUCURITIIIIIs at MIAMI Startup. The company that I moved its headquarters From Atlanta to Miami in 2021, it has more than $ 500 million of management assets through one hedge fund and five investment capital boxes. Earlier this year, without limits Get capital CTFIt is also a commercial company quantitative and management of assets based in The Magic City.

Read more in Miami update:

I am a writer and editor with extensive media experience and passion for the press and community service. I spent most of my career with Miami Herald in business news, and I wrote my experience about technology and businessmen. I would like to host this blog to update Miami and we aim to be the South Florida Startup and Tech News and views and views. Do you have news? Call me in [email protected]. Thanks for reading!