" class="no-js "lang="en-US"> Protocol Labs Partners with Consensys to Empower Advanced Stage Web3 Startups - Fintech Finance
Wednesday, February 21, 2024

Protocol Labs Partners with Consensys to Empower Advanced Stage Web3 Startups

Protocol Labs and Consensys have formed a partnership to support leading blockchain ventures. Previously known as the Consensys Startup Program, the new Consensys Scale Program is tailored to advanced-stage ventures ready for expansion. In focus are dApps and blockchain ventures between Seed-Series A with a fully functional team, institutional funding and some product-market fit.

“We love great companies to co-create our universe by becoming involved through deploying on Linea, our zK-EVM Chain, building on our brandnew MetaMask Snaps platform and accessing their chain of choice via Infura,” said Alex Greinacher, Head of Program at Consensys. “In return, we provide genuine value to builders, and one way we achieve this is by integrating top-tier ecosystem partners like Protocol Labs, who are leaders in their field.”

In partnership with Protocol Labs, builders now have access to Protocol Labs’ technical expertise, potential funding, and exclusive invitations to its Founders community. Teams will also benefit from the opportunity to incorporate Filecoin and IPFS, as well as solutions like NFT.Storage Pro, Web3.storage Pro, as integral components of their journey. Decentralized storage is a fundamental element of native Web3 solutions, and Protocol Labs not only offers storage credits, but also provides extended technical support, potential funding access, exclusive entry to its FOUNDERS community, and a host of other valuable benefits to founders.

“Providing  founders with expert guidance and access to best in class storage and compute will give them key tools to flourish in this ever-evolving industry,” said Ruben Amenyogbo, Builders Fund Partner, Protocol Labs. “Consensys and Protocol Labs’ partnership runs deep: we have not only co-created protocols but our multiple partnerships have already created leading startups. We look forward to bringing this shared history of success to Scale and continue to improve humanity’s technology set.”

Protocol Labs has incubated and supported hundreds of founders in raising more than USD$1 billion in external capital, including their early investment in Consensys serving as a testament to their enduring partnership. This history of success also encompasses notable achievements in previous accelerator programs in the Ethereum ecosystem including, TachyonX which Protocol Labs supported as part of ConsenSys Mesh.

The Consensys Scale program’s primary objective is to offer an all-access pass to ten leading, funded web3 ventures every quarter, enabling them to build with MetaMask, Infura, and Linea, while also providing vital technical support, access to co-marketing resources, workshops, funding opportunities, and an extensive range of ecosystem benefits. Subscribe to PLN Updates for further details.

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