Borderless Capital, a VC firm focused on investing and bootstrapping adoption across all levels of the Algorand tech stack, has become the latest strategic Cudos backer to sign up as a Cudos network validator.
Following the March announcement of investment into parent company Cudo, Borderless Capital becomes the latest blockchain industry name to be a validator for the upcoming Cudos network.
Founded by David Garcia and Arul Murugan, Borderless Capital is an independent venture capital firm focused on investing and bootstrapping adoption across all levels of the Algorand tech stack. Algorand’s permissionless pure proof-of-stake network, excels in fast transaction speeds at the blockchain layer. By design, Algorand achieves this by removing the overheads of Turing complete computation.
“ As an investment firm powering the Algorand ecosystem, we are not only focus on deploying capital and financially backing our portfolio companies, but also actively participate and support the infrastructure of the network. We are excited to become a node operator of the Cudos network and also help our portfolio companies to take advantage of the new capabilities that Cudos will bring for the Algorand future computation services.” — David Garcia, CEO & Managing Partner at Borderless Capital
As a layer 2 network, Cudos will complement the Algorand ecosystem, providing a bridge between blockchains for developers & consumers to take advantage of a wider set of services. Borderless Capital running a Cudos validator node therefore further bonds the partnership between the Cudos and Algorand networks, accelerating the route to blockchain compute services and adding value into both ecosystems.
“Building on partnerships is key to a healthy & growing ecosystem development. With their direct association to Algorand and the projects developing within, Borderless provides Cudos with a highly strategic network validator and layer 2 gateway for the Algorand ecosystem. It’s impossible not to be excited by this addition to our validator network, the value Borderless will bring is immense.”-Douglas Stewart, Head of Marketing, Cudos.
Borderless Capital is a modern financial institution investing capital and co-building financial products that accelerate access, bootstrap adoption, and create value globally through the Algorand Borderless Economy. We do not stop with just investment. We also provide guidance and mentorship to grow our portfolio companies into successful and category-leading businesses. As a thought leader in blockchain with deep expertise in the Algorand ecosystem, we advise our portfolio companies on go-to-market strategies to effectively build their network effect. In short, we leverage the synergy of our portfolio, partners network, and domain expertise to create value for everyone.
For more info: www.borderlesscapital.io
Cudo is bridging the gap between Cloud and Blockchain, by using the world’s available computing to power a more decentralized, sustainable and connected world.
The Cudos Network is being designed as a cross-chain, decentralized compute network, with CUDOS as the utility & infrastructure token designed to empower Web 3.0 operations on the network. The Cudos network will enable anyone to sell or consume excess computational resources, either via blockchain/smart contract or through more traditional cloud computing API’s.
In essence, what this means is Cudos will be one of the few networks which could power other blockchains and scale to the demands of cloud computing required today.