- Protocol Labs and Chainlink Labs are working together to boost emerging startups in Web3 and provide technical support and guidance.
- The strategic alliance promotes development in areas such as DeFi and video games, providing resources and advice for projects.
In the blockchain technology sector, strategic partnerships between technology giants can be a catalyst for innovation and growth. A recent example of such synergy is the collaboration between Protocol Labs and Chainlink Labs, aimed at promoting the development of emerging startups in the Web3 sector.
.@protocollabs and @chainlinklabs have entered into a strategic alliance.
This alliance will help #Chainlink BUILD members access various developer tools, services and support, including decentralized storage credits and technical support.
— Chainlink (@chainlink) January 29, 2024
The vision behind collaboration
Protocol Labs, known for its role in the development of Filecoin and the Interplanetary File System Protocol (IPFS), has demonstrated an ongoing commitment to the advancement of blockchain technology.
By working with Chainlink Labs, the makers of the leading decentralized oracle solutionProtocol Labs aims to provide resources and support to startups leading the way in areas such as decentralized finance (DeFi), global commerce and gaming.
Ruben Amenyogbo, Associate at Protocol Labs Builders Fund, emphasized the importance of providing entrepreneurs with access to cutting-edge infrastructure and expert guidance, emphasizing that these tools are essential to thrive in an ever-changing industry.
How Protocol Labs will contribute to Chainlink BUILD
The strategic partnership between these two entities translates into tangible support for Chainlink BUILD projects. Protocol Labs offers assistance in multiple areas, including:
- Technical Support: providing support for technologies such as IPFS, Filecoin, FVM and libp2p.
- Workshops and advice: By means of partner days and consultation with researchers and mentors.
- Decentralized storage credits: including services like Web.storage and NFT.storage.
- Talent development: For selected participants from the PL Founders Community.
The conglomerate Protocol Labs, with more than 600 technology startups, is expanding its expertise in areas such as artificial intelligence, augmented reality and virtual reality. This extensive experience is put at the service of Chainlink BUILD projects to increase their growth and success.
Impact of Protocol Labs’ Builders Funnel
PL’s Builders Funnel has become an essential platform to support builders and startups in the Filecoin ecosystem. In 2023, this program has contributed to:
- More than 63,000 hackathons in hackathons, good for more than 4,500 entries.
- 602 grant recipients in different categories.
- 316 teams in accelerator cohorts, raising more than $420 million in venture capital.
A history of successful collaboration
The relationship between Chainlink and Protocol Labs is not new. Since 2021, they have been working together on joint hackathons and grants, bringing innovative applications to life and supporting the Web3 ecosystem. This strategic alliance is a natural extension of this growing support for early-stage startups.
The collaboration between Protocol Labs and Chainlink Labs is a clear indicator of how strategic partnerships can be critical to the development of the Web3 industry. By providing support, resources and expertise, these two entities are laying the foundation for a more innovative and successful future in the world of cryptocurrencies and blockchain technology.
With their focus on supporting emerging startups, this partnership not only benefits individual companies, but also drives the progress of the entire industry
