Eterna Partners With Borderless Capital to Fund DeFi App

The primary purpose of this coming together is to bring more development to the decentralized app, or DeFi app. The developers and entrepreneurs of these apps would be provided with the usual tools and resources. A 100,000 fund would be provided to the eligible startups and further forward, Borderless Capital would follow up and offer to the category-leading business, a $2 million fund.

The Borderless Capital hosts talents from multiple top-notch universities of the world, including Oxford and Cambridge. MarketAcross, the PR leading firm is also heavily involved along with F65, a startup ecosystem.

Several startups have already shown interest and are onboard including international trading group MAX Market, the firm behind the launch of DEX; PlanetWatch, a network of air quality sensors looking for incentivizing of the environmental monitoring.

While there's interest in DApp from all sectors, the financial one is generating the maximum, according to Andrea Bonaceto, one of the partners at Eterna Capital fund.

The Deal With Borderless Capital Just Another Feather in the Cap

This peak interest in financial sectors stems from the fact that Algorand is built for Borderless economy so the dApps would be tailor-made for the platform.  She further added that given the design of Algorand there are multiple things that it can be utilized in. Bonaceto further added that the performance is built with keeping developers in mind and it's fascinating how much the platform has grown its ecosystem in such a short span of time.

The platform was launched just last year and the new deal with Borderless is another shining example of how far the platform has come.

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