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

Borderless Capital, a Miami-based Web3 investment firm, has launched a $100 million fund aimed at accelerating the growth and development of Decentralized Physical Infrastructure Networks.

The DePIN Fund III is backed by peaq, Solana Foundation, Jump Crypto, IoTeX, GSR, Anfield, Wormhole Foundation, Sonic Boom Ventures, Movement Labs and others.