- The alliance between Chainlink Labs and Protocol Labs signifies a strategic collaboration aimed at enhancing the Chainlink BUILD program.
- By leveraging Protocol Labs’ extensive network and expertise, the partnership provides members with access to developmental tools, services, and specialized support.
In a strategic move, Chainlink Labs and Protocol Labs have joined forces to enhance the Chainlink BUILD program, geared towards fostering decentralized application (dApp) development by aligning incentives across diverse ecosystems. The collaboration, announced on January 29, brings forth a range of perks for program members, including access to developmental tools, services, and specialized support.
Through this alliance, Protocol Labs, boasting a network of over 600 tech startups, funders, and service providers, will play a crucial role in fortifying the Chainlink BUILD program. The focus of this collaboration extends to providing engineering assistance across platforms such as IPFS, Filecoin, and libp2p, underlining a commitment to comprehensive support for decentralized applications.
The partnership encompasses technical support, workshop participation, mentorship programs, and cutting-edge decentralized storage solutions. Particularly noteworthy is the inclusion of specialized talent support and exclusive access to the PL Founders Community for select members of the program. Ruben Amenyogbo, a partner at Protocol Labs Builders Fund, emphasized the significance of the alliance, stating that “expert guidance” and “best-in-class infrastructure” are pivotal for success in the dynamic tech sector.
The partnership seeks to bolster startups operating in key sectors such as decentralized finance (DeFi), global trade, and gaming. Amenyogbo highlighted the collaborative effort’s goal to provide startups with the necessary support and resources to thrive in these competitive fields.
The Protocol Labs Builders Funnel, integral to this partnership, offers extensive support to startups within the Chainlink BUILD community. In 2023 alone, the funnel played a vital role in enhancing the Filecoin ecosystem, supporting over 63,000 hackers in numerous hackathons, distributing prizes exceeding $1.6 million, and aiding 316 teams through various accelerator programs. The impact of this support is reflected in the successful securing of over $420 million in venture capital for accelerator teams and funding for more than 100 startups.
This collaboration follows Chainlink’s significant integration with ChatGPT in November 2023, marking a noteworthy stride in blockchain interoperability. The integration with Chainlink CCIP, a standard for cross-chain interactions, facilitates transactions across Ethereum and Polygon blockchains, showcasing Chainlink’s commitment to advancing the capabilities of decentralized technologies.
Against this backdrop, Chainlink has become the subject of increased attention, with reports of potential mergers and collaborations contributing to its growing prominence in the market. This has led to a discernible trend of major investors accumulating the LINK token in anticipation of a potential price rally in the future, signaling positive market sentiment towards Chainlink’s strategic moves and partnerships.
Powering Progress: Chainlink BUILD Program Gains Momentum Through Dynamic Protocol Labs Partnership
The collaboration between Chainlink Labs and Protocol Labs marks a significant milestone in the blockchain space, aiming to elevate the Chainlink BUILD program to new heights. With a focus on providing extensive support to startups in crucial sectors such as DeFi, global trade, and gaming, the partnership brings together expertise and infrastructure. The perks offered, including engineering assistance, mentorship, and exclusive access to resources, underscore the commitment to nurturing innovation in the rapidly evolving tech sector. As both entities combine their strengths, the Chainlink BUILD program is poised to become a powerhouse for decentralized application development, contributing to the broader advancement of blockchain technology.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
