We signed an MoU with Authorito Capital to Explore Blockchain Potential in Finance
Eleven01 signed a Memorandum of Understanding (MoU) with Authorito Capital. According to this MoU, the team at Authorito Capital will work closely with the Eleven01 team towards building a partnership that will facilitate growth and development within the blockchain sector.
Authorito is an early-stage investment fund for blockchain projects. As the company has a great foothold in the Middle East and SouthEast Asia, they help each of their portfolio companies to explore growth and partnerships in this geography.
This partnership will focus on exploring the potential of blockchain to run decentralised applications. Through this MoU, Authorito agrees to optionally suggest their portfolio companies to build and run their Decentralised Application (“DApp”) on the Eleven01 protocol. From understanding system architecture, development, security and due diligence on the blockchain, this partnership will further facilitate new use cases for blockchain solutions to run and test.
“We need to build a world-class support ecosystem,” says Rama Iyer, CTO and PResident of ELeven01. “Our initiatives at Eleven01 aim to be just that where we work with the smartest minds in the country to put India on the blockchain map of the world. And with the help of our able partnership with Authorito Capital, we are one step closer in showcasing India’s blockchain prowess to the world” he added.
Mohit Mamoria, Founder & MD of Authorito Capital, expressed his enthusiasm towards joining hands with Eleven01 to enable blockchain development. “We believe that the Eleven01 protocol will empower Authorito in terms of bringing brilliant ideas to life,” he said. “Our partnership will set in stone a process that can help us enhance the way we cater to our portfolio companies. We believe in finding solutions that will help our portfolio companies, and bring a new level of trust and transparency that are the inherent features of Eleven01 blockchain protocol,” he added.
