Eterna, the blockchain investment company has <a href="https://theusbreakingnews.com/new-venture-studio-offers-100k-funding-to-algorand-dapp-startups/">launched </a>a new partnership with Borderless Capital, the venture capital fund. They would work together to aid the upcoming projects on the Algorand platform.

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.
<h2>The Deal With Borderless Capital Just Another Feather in the Cap</h2>
This peak interest in financial sectors stems from the fact that Algorand is built for Borderless <a href="https://www.cryptoknowmics.com/news/major-impacts-of-cryptocurrencies-in-current-economic-activities/">economy</a> 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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Eterna Partners With Borderless Capital to Fund DeFi App

Eterna and Borderless Capital have teamed up to launch Eterna Borderless Venture Studio, to support projects on the Algorand platform.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Eterna Partners With Borderless Capital to Fund DeFi App

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