Chainlink Labs and Protocol Labs Partner to Enhance Chainlink BUILD Program
Chainlink Labs and Protocol Labs have formed a strategic alliance to enhance the Chainlink BUILD program, which aims to boost dApp development by aligning incentives across different ecosystems. As part of this partnership, members of the Chainlink BUILD program will gain access to various developmental tools, services, and specialized support, including decentralized storage and engineering aid.
Protocol Labs’ Role in the Partnership
Protocol Labs, with its extensive network of over 600 tech startups, funders, and service providers, will play a crucial role in enhancing the Chainlink BUILD program. The collaboration focuses on providing engineering assistance for platforms like IPFS, Filecoin, and libp2p. Additionally, the partnership includes workshop participation, mentorship programs, and innovative decentralized storage solutions. Select members of the program will also receive specialized talent support and exclusive access to the PL Founders Community.
Importance of the Alliance
Ruben Amenyogbo, a partner at Protocol Labs Builders Fund, highlighted the significance of this alliance in the dynamic tech sector. He emphasized that “expert guidance” and “best-in-class infrastructure” are essential for success. The partnership aims to strengthen startups in areas such as DeFi, global trade, and gaming.
Support from Protocol Labs Builders Funnel
The Protocol Labs Builders Funnel provides comprehensive support to startups within the Chainlink BUILD community. In 2023 alone, it supported over 63,000 hackers in more than 120 hackathons and aided 316 teams through various accelerator programs. This support has resulted in over $420 million in venture capital for accelerator teams and funding for more than 100 startups.
Integration with ChatGPT and Growing Prominence
In November 2023, Chainlink integrated with ChatGPT, a significant advancement in blockchain interoperability. This integration enabled transactions across Ethereum and Polygon blockchains through Chainlink CCIP. Chainlink’s growing prominence in the market has attracted attention, with reports of potential mergers and collaborations. This has led to a trend of large investors accumulating the LINK token in anticipation of future price rallies.
Hot Take: Chainlink Labs and Protocol Labs Join Forces to Strengthen dApp Development
Chainlink Labs and Protocol Labs have formed an alliance to enhance the Chainlink BUILD program, offering valuable support to dApp developers. Through this partnership, members of the program gain access to various tools, services, and specialized assistance. Protocol Labs’ extensive network plays a crucial role in providing engineering aid for platforms like IPFS, Filecoin, and libp2p. Additionally, startups benefit from workshop participation, mentorship programs, and innovative decentralized storage solutions. The collaboration aims to empower startups in key areas such as DeFi, global trade, and gaming. With the support of the Protocol Labs Builders Funnel, which has already provided substantial assistance to startups, this partnership holds great potential for fostering growth and innovation within the Chainlink BUILD community.
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