Borderless VC Launches $100 Million Fund, Aethir Partners with Filecoin, and More: A Deep Dive into DePIN

Alright, folks, grab your hard hats and let's dive into the fascinating world of Decentralized Physical Infrastructure Networks (DePIN). Today, we're going to chat about some big moves in the DePIN sector, including a massive fund launch by Borderless Capital, a strategic partnership between Aethir and Filecoin, and an exciting staking program introduced by Fluence. So, buckle up and let's get started!

What the Heck is DePIN?

Before we dive into the news, let's quickly recap what DePIN is all about. Imagine combining the power of decentralized networks with real-world infrastructure. That's DePIN in a nutshell! It's transforming technology by enabling decentralized projects to tackle real-world infrastructure challenges. Pretty cool, huh?

Borderless Capital Drops $100M on DePIN

Borderless Capital, a leading Web3 investment manager, has just launched its third fund, dedicating a whopping $100 million to boost the growth of the DePIN sector. Known as the DePIN Fund III, it's backed by some major players like peaq, Solana Foundation, Jump Crypto, and more.

Álvaro Gracia, a partner at Borderless Capital, believes that DePIN is one of the most revolutionary innovations in the Web3 space. He's betting big on DePIN becoming the global standard for deploying physical infrastructure and generating billions in passive income.

Joining Gracia as a partner in this fund is Sean Carey, co-founder of Helium. DePIN Fund III will focus on investments at the protocol level, particularly in Commodity DePINs and Web 2.5 DePINs. These innovations use everyday hardware and combine decentralized networks with traditional payment systems, making them scalable and inclusive.

Carey sees DePIN as a game-changer, especially in underserved areas, with the potential to bring a billion new users into Web3. Talk about a massive impact!

Aethir and Filecoin: A Match Made in Decentralized Heaven

Next up, we have an exciting partnership between Aethir and the Filecoin Foundation. They're teaming up to provide decentralized infrastructure solutions for businesses in AI, machine learning, and Web3.

Aethir brings over 43,000 high-grade GPUs to the table, offering GPU leasing to Filecoin's storage providers. This means Filecoin users can borrow additional processing power for sealing data on the network. It's like lending your super-powered calculator to a friend who needs to crunch some serious numbers.

Together, Aethir and Filecoin create a scalable, decentralized solution for both data storage and computation. This supports transparent and open-source AI systems, ensuring that no single entity controls both storage and computation.

Marta Belcher, President of the Filecoin Foundation, highlights the benefits of decentralized storage, including immutability, transparency, scale, resilience, flexibility, and energy efficiency. She hopes to bring these benefits to the AI industry, and with Aethir by their side, they're well on their way.

Fluence Introduces Staking Program

Last but not least, Fluence, a decentralized compute platform, has launched a staking program. This enables FLT holders to secure the network and earn rewards. Unlike many decentralized infrastructure projects, Fluence's staking model allows all FLT holders to participate by delegating tokens to compute providers.

The program operates on Arbitrum Orbit, with support from Gelato’s Rollup-as-a-Service, and offers USD-denominated rewards, paid in FLT.

Tom Trowbridge, CEO and Co-Founder of Fluence, explains that their delegated stake model opens up staking to the community. This helps address the limitations of centralized systems, including high costs, single points of failure, homogeneous hardware, censorship risk, and data-sharing restrictions.

Fluence provides a more flexible and cost-effective alternative to traditional cloud computing, particularly for sectors like Web3, AI, and decentralized physical infrastructure networks. Its delegated staking mechanism ensures network reliability, while participants can earn rewards based on $10 per month per CPU core. Plus, Fluence's top-tier data centers, including some running on renewable energy, support a growing ecosystem of decentralized applications.

The Wrap-Up

And there you have it, folks! Some big moves are happening in the DePIN sector, from Borderless Capital's massive fund launch to Aethir and Filecoin's strategic partnership, and Fluence's exciting staking program. It's clear that DePIN is poised to revolutionize the way we think about physical infrastructure and decentralized networks.

Disclaimer: This article is for entertainment and educational purposes only. It's not financial advice, and I'm not a financial advisor. Always do your own research and consult with a professional before making any investment decisions. The world of DePIN and crypto is as unpredictable as a rollercoaster ride, so invest wisely, folks!

Until next time, stay informed, stay curious, and keep exploring the wild world of DePIN! 🚀🌐🤑

For more content check out the Blog: https://finixyta.com/how-to-report-crypto-staking-income-for-taxes/