DEPIN project PEAQ has announced the completion of a $15 million financing round, led by GENERATIVE VENTURES and BORDERLESS CAPITAL. Other participating investors include 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 the modular DEPIN functionality and SDK on PEAQ, enabling the DEPIN project to build and deploy its applications more efficiently. PEAQ is expected to conduct a public offering and token listing in the coming weeks, with the 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 offer rewards to participants.

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<p>Shenzhen TechFlow News: DePIN Layer 1 project Peaq announced the completion of a $15 million financing 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, Altana Wealth, and others.</p>
<p>The funds will be used to develop the modular DePIN functionality and SDK for Peaq, enabling the DePIN project to build and deploy its applications more efficiently on Peaq. The ecosystem consists of over 20 DePINs, covering areas such as multi-chain machine ID, AI agents, and data validation.</p>
<p>Peaq is expected to conduct 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 offer rewards to participants.</p>
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The DEPIN project PEAQ has completed a financing of 15 million US dollars, with several well-known investment institutions participating.