A Strategic Alliance
On the verge of a new chapter in decentralized applications (dApps), Chainlink Labs and Protocol Labs have announced a strategic partnership aimed at propelling the Chainlink BUILD program to new heights. This initiative is set to streamline the development process by providing a multitude of resources and incentives to foster growth across different ecosystems.
Resources and Support for Developers
Members of the Chainlink BUILD program stand to benefit from an expanded suite of developmental tools, services, and specialized support. The partnership promises to facilitate access to decentralized storage solutions and engineering assistance, with a particular focus on platforms such as IPFS, Filecoin, and libp2p.
Comprehensive Ecosystem Support
With Protocol Labs’ robust network that encompasses over 600 technology startups, funders, and service providers, the collaboration is uniquely positioned to offer a comprehensive support system. This includes mentorship programs, workshop participation, and access to the PL Founders Community, offering an environment ripe for innovation and growth.
Empowering Startups
Ruben Amenyogbo, a partner at Protocol Labs Builders Fund, highlights the critical nature of “expert guidance” and “best-in-class infrastructure” in the fast-paced technology landscape. This partnership is particularly focused on empowering startups in sectors such as decentralized finance (DeFi), global trade, and gaming.
The Builders Funnel Impact
The Protocol Labs Builders Funnel is a cornerstone of this partnership, offering extensive support to startups within the Chainlink BUILD community. The funnel’s impact in 2023 was substantial, contributing to the growth of the Filecoin ecosystem and providing significant support to numerous hackathons, accelerator programs, and venture capital initiatives.
Chainlink’s Market Momentum
Following Chainlink’s integration with ChatGPT and the Chainlink CCIP for cross-chain transactions, the platform has seen a surge in attention. This momentum is characterized by an uptick in LINK token accumulation by large investors, fueled by speculation of future mergers and collaborations, signaling a potential rally in the token’s value.
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