Odaily News Decentralized physical infrastructure (DePIN) provider Grove (formerly Pocket Network) has raised $7.9 million from Fidelity’s Avon Ventures, Placeholder Capital and Druid Ventures. Grove will use the funds to build new partnerships and drive DePIN towards mainstream adoption. DePIN refers to using blockchain technology and token incentives to build a network of physical infrastructure so that other projects do not need to bear the cost of purchasing and running their own equipment. In this sense, it can be considered a decentralized version of Amazon Web Services (AWS) or Google Cloud. Grove provides Web3 infrastructure for building products and services on its POKT network, which supports over 40 different chains. (Coindesk)