DePIN Layer1 protocol Peaq completes US$15 million in financing, led by Generative Ventures and Borderless Capital

BlockBeats news, on March 27, DePIN Layer1 protocol Peaq completed US$15 million in financing, led by Generative Ventures and Borderless Capital, Spartan Group, HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana Wealth and others participated in the investment. The funding will be used to expand peq’s ecosystem, which consists of more than 20 DePINs in areas such as multi-chain machine IDs, AI agents, and data verification. The protocol is expected to undergo a public offering and token listing in the coming weeks, with its mainnet planned for launch in May. An incentive program is also planned to support the development and adoption of DePIN on Peaq, including gamified challenges that provide rewards for participants. BlockBeats previously reported that in June 2022, Peaq announced the completion of a $6 million seed round of financing. This round of financing was led by Fundamental Labs, HashKey Capital, GSR Markets, Delta VC, Mulana, Cypher Capital, GravityX, Waterdrip, Ceras and Master Ventures Waiting for participation.