Chainlink BUILD program soars to new heights as Chainlink Labs and Protocol Labs join forces, offering an array of enticing incentives.
Chainlink Labs and Protocol Labs have recently announced a partnership aimed at enhancing the Chainlink BUILD program. The goal of this collaboration is to promote dApp development by aligning incentives across different ecosystems.
As part of this alliance, members of the Chainlink BUILD program will have access to a range of developmental tools, services, and specialized support. This includes options for decentralized storage and engineering assistance. Protocol Labs, with its extensive network of over 600 tech startups, funders, and service providers, will play a crucial role in enriching the Chainlink BUILD program. The focus of the collaboration is to provide engineering assistance for various platforms, such as IPFS, Filecoin, and libp2p.
In addition to technical support, the partnership also encompasses workshop participation, mentorship programs, and innovative decentralized storage solutions. Selected members of the program will also benefit from specialized talent support and exclusive access to the PL Founders Community.
Ruben Amenyogbo, a partner at Protocol Labs Builders Fund, emphasized the significance of this partnership, highlighting the importance of “expert guidance” and “best-in-class infrastructure” for success in the dynamic tech sector. The partnership aims to empower startups in key areas such as DeFi, global trade, and gaming.
The Protocol Labs Builders Funnel, which plays a vital role in this partnership, provides comprehensive support to startups within the Chainlink BUILD community. In 2023, the funnel played a crucial role in enhancing the Filecoin ecosystem, assisting over 63,000 hackers in more than 120 hackathons, distributing prizes worth over $1.6 million, and supporting 316 teams through various accelerator programs. This support has resulted in over $420 million in venture capital for accelerator teams and funding for over 100 startups.
This partnership follows Chainlink’s integration with ChatGPT in November 2023, which marked a significant breakthrough in blockchain interoperability. The integration with Chainlink CCIP, a standard for cross-chain interactions, enabled transactions across Ethereum and Polygon blockchains.
Through this integration, ChainGPT aims to provide AI infrastructure and tools to web3 users and projects, facilitating access to users on top EVM chains without directly deploying its native token on those chains, thereby reducing liquidity costs.
Against this backdrop, Chainlink has gained significant attention due to reports of potential mergers and collaborations, contributing to its growing prominence in the market. This development has led to a noticeable trend of large investors accumulating the LINK token in anticipation of a potential price rally in the future.
