VC Roundup: Borderless eyes token buyback, commodity hardware models for DePIN funding
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 02 2024DePIN Market Growth: The decentralized physical infrastructure networks (DePIN) market is emerging with a valuation exceeding $2.2 trillion, as startups backed by Borderless Capital explore projects utilizing commodity hardware like smartphones to reduce costs and enhance scalability.
Funding Successes: Several startups have secured significant funding, including Mawari Network's $10.8 million for spatial computing, Podeo's $5.4 million for podcast monetization, and Hemi Labs' $15 million for blockchain integration, highlighting the growing interest in innovative tech solutions across various sectors.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
