TechFlow News — DePIN Layer 1 project peaq has announced the completion of a $15 million funding round, co-led by Generative Ventures and Borderless Capital, with participation from Spartan Group, HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, and Altana Wealth.
The funds will be used to develop peaq's modular DePIN functionalities and SDK, enabling DePIN projects to build and deploy their applications on peaq more efficiently. The ecosystem currently comprises over 20 DePIN projects spanning areas such as cross-chain machine identity, AI agents, and data validation.
peaq is expected to conduct a public sale and token listing in the coming weeks, with its mainnet scheduled for launch in May. An incentive program is also planned to support the development and adoption of DePINs on peaq, including gamified challenges offering rewards to participants.
