News with the tag "Borderless Capital"

This edition of Cointelegraph’s VC Roundup features Borderless Capital’s new DePIN fund, Mawari Network, Darkbright Studios, Hemi, Sorted Wallet, Podeo, SecondLive, and other startups.

Borderless Capital announced on September 18 that it had launched the third DePIN-focused fund. According to the investment manager, the $100 million fund aims to boost the development of Decentralized Physical Fracture Networks (DePIN).

Borderless’ third fund targeting DePIN projects is backed by peaq, the Solana Foundation, Jump Crypto, and IoTeX. The DePIN market is expected to reach $3.5 trillion by 2028.

Among the other investors are Jump Crypto, Arrington Capital, the Solana Foundation and Aptos Labs.