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Consensys and Protocol Labs partner to empower Web3 innovators



Consensys and Protocol Labs have joined forces to expand the growth of blockchain ventures and startups within the burgeoning web3 ecosystem. 

Under the Consensys Scale Startup Program banner, this partnership provides web3 builders with a comprehensive package of resources, mentorship, and support to empower their entrepreneurial journey.

Since its inception in 2014, ConsenSys has been a trailblazer in the realm of innovation, specializing in blockchain and web3 software solutions. 

With a strong focus on leveraging the power of Ethereum, the company is dedicated to constructing and expanding a plethora of cutting-edge tools and enterprise software products.

ConsenSys empowers developers, enterprises, and individuals from all corners of the globe to harness the potential of blockchain technology, enabling them to create revolutionary applications, establish modern financial infrastructure, and seamlessly access the benefits of blockchain.

Among the array of offerings, ConsenSys presents Teku, an Ethereum 2.0 client designed to equip businesses with the ability to stake on the forthcoming iteration of the Ethereum network. Additionally, ConsenSys Staking ensures the utmost security, reliability, and accessibility for all staking endeavors.

Protocol Labs is an open-source research, development, and deployment laboratory that aims to drive breakthroughs in computing to push humanity forward. The company builds protocols, tools, and services to radically improve the internet. 

Protocol Labs comprises a continually evolving network, consisting of over 450 projects, companies, and organizations. The company’s projects include IPFS, Filecoin, libp2p, and many more. 

Protocol Labs Research and RFP Grant Program debut, and the company hosts LabDay 2018, a day-long event dedicated to contributors and collaborators in the Protocol Labs ecosystem.

Consensys Scale Startup program

According to ConsenSys, the Startup program is known for providing aspiring blockchain entrepreneurs with access to a comprehensive suite of tools and advisory services tailored to their unique needs. 

The inclusion of Protocol Labs introduces a new dimension to the program, further enriching the support available to web3 builders.

It was officially launched in 2022 to provide a support system for ten leading funded ventures every quarter. 

These ventures are granted access to vital resources such as MetaMask, Infura, and Linea, in addition to receiving guidance in the form of technical support, marketing opportunities, workshops, funding resources, and various benefits.

The program has a duration of 24 months and is designed for dApps and blockchain companies in the Seed to Series A funding stages. 

All interested participants are expected to have a fully operational team, institutional funding, and an initial product-market fit.

Alex Greinacher, Head of the Scale Startup Program at ConsenSys, stressed the significance of partnerships, especially with top-tier ecosystem partners like Protocol Labs. 

This collaboration provides Scale program builders with direct access to Linea, a zK-EVM Layer 2 chain, developer tools like MetaMask Snaps, and APIs for over 10 blockchain networks via Infura.

Ruben Amenyogbo, Partner at Protocol Labs Builders Fund, expressed great enthusiasm for the partnership. He emphasized how it empowers founders by providing expert guidance and access to top-notch storage and compute resources, enabling startups to thrive in an ever-changing industry. 

Their collaborative history has resulted in the development of protocols and successful startups.

Consensys also announced that Protocol Labs will offer products, technical expertise, potential financial support, and exclusive invitations to its founders’ network for Scale program members. 

Additionally, teams will have the opportunity to integrate Filecoin and IPFS, which are essential components of web3 infrastructure, as well as solutions like NFT.Storage Pro and Web3.Storage Pro into their projects.

Read also; Consensys Diligence Announces Release of Diligence Fuzzing

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