Chainlink and Filecoin Primary Developers Enter Partnership to Bolster Chainlink BUILD Program

Key takeaways:

• Chainlink & Filecoin join forces to launch startups into Web3 orbit through the Chainlink BUILD program.
• Through this collaboration, BUILD participants gain benefits like engineering help, workshops, mentorship, decentralized storage credits, and talent support from Protocol Labs’ network.
• The alliance combines Chainlink’s blockchain expertise with Protocol Labs’ robust resources to accelerate decentralized innovation.

Chainlink Labs and Protocol Labs have recently announced a strategic alliance to empower emerging startups building disruptive decentralized technologies.

According to the announcement, the collaboration will see Protocol Labs support Chainlink’s BUILD program, which provides critical resources to promising early-stage companies across sectors like DeFi, global trade, and gaming.

.@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 engineering support.

— Chainlink (@chainlink) January 29, 2024

Announced on January 29th, the alliance is set to allow Protocol Labs to lend its extensive expertise and network to boost BUILD’s mission of helping founders thrive by aligning incentives across blockchain ecosystems.

Commenting on the news, Ruben Amenyogbo, Partner at Protocol Labs Builders Fund, noted that providing startups with robust guidance and infrastructure gives them essential tools to flourish in the rapidly evolving web3 space

Through this partnership, BUILD participants gain valuable engineering assistance for core protocols like IPFS, Filecoin, FVM, and libp2p from Protocol Labs’ network of over 600 projects. Also, Startups will get access to specialized workshops, mentorship programs, decentralized storage credits, talent support, and the elite PL Founders Community.

In 2023 alone, Protocol Labs’ Builders Funnel has supported over 63,000 hackers in hackathons, funded 602 grant recipients, graduated 316 accelerator teams that raised $420M+ in venture capital, and provided early capital to 100+ startups. This proven track record will be a game-changer for BUILD projects.

Moreover, joint hackathons, grants, and other collaborations have strengthened ties between Chainlink and Protocol Labs since 2021, showcasing their commitment to supporting builders. As a leader in blockchain data, computation, and interoperability, Chainlink has secured over $9 trillion in transaction volume across networks.

By combining Chainlink’s industry-leading capabilities with Protocol Labs’ extensive resources, the alliance empowers the next generation of innovators across the decentralized landscape. This synergistic partnership is a stepping stone to advancing humanity’s technology capabilities