September 26, 2023

Protocol Labs, Consensys Launch Project for Supporting Blockchain Ventures

Protocol Labs x Consensys

Protocol Labs x Consensys

Two prominent Web3 players Protocol Labs and Consensys announced a partnership to support blockchain ventures.

The collaboration aims to provide assistance to leading blockchain companies through the Consensys Scale, previously known as the Consensys Startup Program. Consensys Scale was launched in 2022 with the primary goal of granting ten leading, funded ventures every quarter an all-access pass to build with MetaMask, Infura, and Linea.

The program also offers critical technical support, access to co-marketing resources, workshops, funding opportunities, and a broad range of ecosystem benefits. The Scale program, which spans over 24 months, is designed for dapps and blockchain companies in the Seed and Series A funding stages. Participants are expected to have a fully operational team, institutional funding, and an initial product-market fit.

In this regard, Partner at Protocol Labs Builders Fund Ruben Amenyogbo said: “Providing founders with expert guidance and access to best-in-class storage and computing will give them key tools to flourish in this ever-evolving industry. 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.”

Through their collaboration, Protocol Labs will provide Scale members with their products, technical expertise, potential funding, and exclusive invitations to their Founders community. Teams will have the opportunity to incorporate Filecoin and IPFS, which are the fundamental elements of web3 infrastructure, as well as solutions like NFT.Storage Pro and Web3.Storage Pro, is an integral component of their journey.

Protocol Labs has a commendable track record of incubating and supporting hundreds of founders in raising more than $1B in external capital. Their early investment in Consensys is a testament to their enduring partnership. They have also achieved notable successes in previous accelerator programs in the Ethereum ecosystem, including TachyonX, which they supported as part of ConsenSys Mesh.

Author profile

Whether you want to learn about NFT, Blockchain, Web3.0, Metaverse, or any other emerging technologies, we have the vital resources that will enlighten and help you make an informed decision.