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Consensys and Protocol Labs partner to empower Web3 innovators | CryptoTvplus

by Sophie Smith

Consensys and Protocol Labs Join Forces to Enable Web3 Innovators

In a move to expand the growth of blockchain ventures and startups within the emerging web3 ecosystem, Consensys and Protocol Labs have joined forces. This partnership aims to provide web3 builders with a comprehensive package of resources, mentorship, and support, empowering them on their entrepreneurial journey.

Since its establishment in 2014, ConsenSys has been at the forefront of innovation in blockchain and web3 software solutions. With a focus on harnessing the power of Ethereum, the company has been dedicated to constructing cutting-edge tools and enterprise software products. Consensys empowers developers, enterprises, and individuals worldwide to utilize blockchain technology, enabling them to build revolutionary applications, establish modern financial infrastructure, and seamlessly access the benefits of blockchain.

One of ConsenSys’ notable offerings is 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.

On the other hand, 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. With over 450 projects, companies, and organizations in its network, Protocol Labs has made significant contributions to the development of the web3 ecosystem.

The collaboration between ConsenSys and Protocol Labs under the ConsenSys Scale Startup Program banner introduces a new dimension to the support available to web3 builders. The Startup program, known for providing aspiring blockchain entrepreneurs with a comprehensive suite of tools and advisory services, now benefits from Protocol Labs’ expertise and resources.

Launched officially in 2022, the Consensys Scale Startup Program provides support to ten leading funded ventures every quarter. These ventures gain access to vital resources like MetaMask, Infura, and Linea, in addition to receiving guidance in the form of technical support, marketing opportunities, workshops, funding resources, and various other benefits. The program aims to assist dApps and blockchain companies in the Seed to Series A funding stages, with a duration of 24 months. 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, emphasized the significance of partnerships, particularly 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 enthusiasm for the partnership, highlighting its ability to empower founders by providing expert guidance and access to top-notch storage and compute resources, enabling startups to thrive in an ever-changing industry. The collaborative history between ConsenSys and Protocol Labs has resulted in the development of protocols and successful startups.

As part of the partnership, 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.

The collaboration between ConsenSys and Protocol Labs is a significant step forward in fostering the growth of blockchain ventures and startups within the web3 ecosystem. By leveraging their combined resources and expertise, they aim to empower web3 builders and drive further innovation in the blockchain industry.

Sources:
– Consensys: [https://consensys.io/blog/consensys-and-protocol-labs-join-forces-to-enable-web3-innovators](https://consensys.io/blog/consensys-and-protocol-labs-join-forces-to-enable-web3-innovators)
– Protocol Labs: [https://protocol.ai/](https://protocol.ai/)

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