Borderless Capital's New Fund to Transform Physical Infrastructure

Borderless Capital Launches DePIN Fund to Drive Innovation

Borderless Capital has made an exciting announcement regarding the launch of its third fund focused on Decentralized Physical Infrastructure Networks (DePIN). This innovative fund, boasting a significant $100 million in capital, aims to accelerate the development of transformative projects within the Web3 ecosystem.

Understanding DePIN and Its Significance

DePIN is revolutionizing the construction and management of physical infrastructure by harnessing the potential of blockchain technology combined with token incentives. This decentralized framework not only allows individuals to establish connectivity networks and GPU clusters but also enhances edge computing and mapping applications. The efficiency and reduced costs offered by this new model present a stark contrast to the outdated Web 2.0 approaches.

DePIN's Rapid Growth and Key Players

The rapid success of DePIN is illustrated by trailblazers like the Helium Network, a mobile virtual network operator (MVNO) that formed partnerships with leading telecom companies. In just over a year, it managed to deploy more than a million IoT antennas, thus setting a precedent for what’s achievable within this space. Furthermore, GEODNET stands as the largest RTK network globally, showcasing the vast potential of these decentralized networks.

Leadership and Vision Behind the DePIN Fund III

Álvaro Gracia, a Partner at Borderless Capital, expressed excitement about the fund, stating, "We are making a bold bet on DePIN because we believe it’s one of the most revolutionary innovations in the Web3 space." Gracia emphasizes that this model has the potential to redefine how physical infrastructure is deployed and how services are coordinated, facilitating significant economic benefits for its users.

Pioneering Partnerships in the Sector

Joining Gracia in this venture is Sean Carey, co-founder of Helium, which reflects a strategic collaboration that aims to magnify the impacts of the DePIN initiatives. Fund III will prominently focus on investments that target Commodity DePINs, Web 2.5 DePINs, and Impact, thereby fostering inclusivity and versatility in projects.

Commodity DePINs leverage widely available hardware components like smartphones and laptops, which enhance scalability and accessibility. Meanwhile, Web 2.5 DePINs bridge decentralized networks with legacy payment systems, ensuring that existing market needs are addressed effectively while employing token incentives to catalyze growth.

The Potential of DePIN to Empower Communities

Carey highlights the role DePIN can play in supporting underserved areas: "DePIN is a game-changer for underserved areas, providing critical infrastructure and services." This innovative infrastructure approach aims to integrate and onboard millions of users into the Web3 environment, emphasizing the socially transformative influences of this technology.

A Legacy of Innovation at Borderless Capital

This new initiative marks Borderless Capital’s third foray into the DePIN landscape, following its successful DePIN Fund I and Fund II launched in 2021. These previous funds were supported by notable backers such as Jump and Telefónica, enabling investments in over 35 pioneering projects like Helium and Render Network.

Borderless Capital has established itself as a prominent investment management company concentrating on emerging Web3 technologies. Its mission is to back the next generation of innovators committed to developing transformative technologies capable of creating value without boundaries. The firm has a diversified portfolio comprising more than 250 investments across various blockchain-infused sectors since its establishment in 2018. Its work has significantly contributed to building vibrant Web3 communities worldwide.

Frequently Asked Questions

What is the focus of Borderless Capital's DePIN Fund?

The DePIN Fund III focuses on accelerating the development of Decentralized Physical Infrastructure Networks through innovative investments.

Who are the key partners involved in the DePIN Fund III?

Key partners include Álvaro Gracia and Sean Carey, both influential figures with substantial experience in the Web3 landscape.

What impact could DePIN have on underserved regions?

DePIN has the potential to provide essential services and infrastructure to underserved areas, enhancing connectivity and access.

How has Borderless Capital contributed to Web3 innovation?

Borderless Capital has made over 250 investments in groundbreaking projects and technologies that are redefining the Web3 space since 2018.

What initiatives has Borderless Capital undertaken prior to this fund?

Before the DePIN Fund III, Borderless Capital established two earlier funds concentrating on DePIN, leading to significant investments in pioneering projects.

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