Borderless Capital has launched a substantial $100 million fund aimed at investing in decentralized infrastructure projects, particularly those leveraging commodity hardware like smartphones.

Alvaro Gracia, a partner at Borderless, emphasized the significant role smartphones can play in forming distributed networks, referencing Natix's innovative use of smartphones for mapping.

The decentralized physical infrastructure networks (DePIN) market is projected to exceed $2.2 trillion, drawing interest from both startups and established infrastructure providers.

Borderless Capital's portfolio includes successful projects like Helium, which has deployed over a million IoT hotspots in just a year and a half, drastically lowering deployment costs compared to traditional centralized companies.

In the blockchain space, Hemi Labs has raised $15 million to develop a modular blockchain that integrates Bitcoin and Ethereum, with plans for a mainnet launch in the fourth quarter of 2024.

SecondLive, an AI-driven metaverse platform, has successfully raised $12 million to bolster its growth and enhance user experiences across various public chains.

Mawari Network secured $10.8 million to advance decentralized spatial computing solutions, specifically targeting devices like Apple Vision Pro and Meta Quest 3, with a node license sale expected in late 2024.

From the Movement Labs accelerator program, four startups collectively raised $13.2 million in seed funding, while the Web3Port Foundation garnered $10 million for the Movement Ecosystem Fund.

Podeo, a podcast distribution platform, raised $5.4 million in Series A funding to improve discoverability and monetization for podcasters, serving a global audience exceeding 50 million.

In a move towards financial inclusion, Tether invested $1.5 million in Sorted Wallet, a non-custodial crypto wallet designed for unbanked users in Africa and Southern Asia, utilizing low-powered smartphones.

Darkbright Studios has raised $6 million for their life simulation RPG, Smolbound, which is set to launch in 2025 and will incorporate Web3 technology for content ownership.

Borderless Capital also highlights the importance of token value accrual mechanisms, such as 'buyback and burn', to enhance token scarcity and drive price appreciation.