Peaq, a Layer-1 blockchain, secures $15M funding to grow its decentralized physical infrastructure networks. Generative Ventures and Bordless Capital lead the funding round, joined by Spartan Group, CMCC Global, and Animoca Brands. DePIN, akin to decentralized AWS or Google Cloud, eliminates the need for separate equipment purchases. With over 20 hosted networks, Peaq eyes substantial growth, with Messari projecting a $3.5 trillion market value by 2028.
Layer-1 Blockchain Peaq Raises $15M to Expand Its DePIN Ecosystem
