Layer-1 Blockchain Peaq Raises $15M to Expand Its DePIN Ecosystem

DePIN layer 1 Peaq raised $15 million in a funding round led by Generative Ventures and Borderless Capital. DePIN refers to using a blockchain to build physical infrastructure networks so other projects don't need to buy and run their own equipment. Peaq currently hosts more than 20 DePIN networks.

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Source: Coindesk.com