Empowering Tech Startups: Protocol Labs and Chainlink Forge Strategic Alliance

Author : Elisabeth Louise | Published On : 31 Jan 2024

ech Startups Get a Turbo Boost: Chainlink and Protocol Labs Join Forces

Imagine having a treasure trove of developer tools, expert guidance, and access to a bustling network of 600+ tech startups. That's exactly what Chainlink BUILD members get thanks to a strategic alliance between Chainlink Labs and Protocol Labs. This powerhouse partnership is designed to fuel the growth of tech startups, particularly in the booming sectors of DeFi, global trade, and gaming.

Think of it as a one-stop shop for aspiring tech entrepreneurs. Protocol Labs brings to the table engineering support for platforms like IPFS, Filecoin, and libp2p, plus workshops, mentorship, and even decentralized storage solutions. Selected participants get the VIP treatment – talent support and exclusive invites to the PL Founders Community, a network of industry heavyweights.

But this isn't just empty promises. The Protocol Labs Builders Funnel, a key component of this partnership, boasts a track record of success. In 2023 alone, it empowered over 63,000 hackers, distributed $1.6 million in prizes, and helped launch 100+ startups, securing them over $420 million in venture capital. That's some serious firepower!

And don't forget Chainlink's impressive reach. Their recent partnership with Vodafone, a global telecommunications giant, paves the way for smoother data exchange in the international trade ecosystem. This opens up exciting possibilities for startups looking to tap into a vast network of customers and resources.

Of course, the market can be fickle. While Chainlink's price dipped recently, technical indicators offer a mixed bag. Some signals suggest a potential rebound, hinting at promising opportunities for those who join the Chainlink BUILD program.

So, whether you're a DeFi guru, a global trade whiz, or a gaming innovator, the Chainlink and Protocol Labs alliance has your back. With a potent mix of resources, support, and a thriving network, this partnership is poised to launch the next generation of tech powerhouses.

Ready to join the revolution? Dive into the Chainlink BUILD program and watch your startup soar!