Cronos Labs, a popular blockchain venture accelerator driving the Cronos ecosystem’s development, declared a collaboration with Protocol Labs. Protocol Labs is an open-source development and research laboratory focused on building services, tools, and protocols to advance the Internet. As included in the partnership, Protocol Labs will permit the ventures within the Accelerator Program of Crosnos to use the resources required to create innovative Web3 apps within the ecosystem of Cronos.
Cronos Labs to Enhance Web3 Adoption in Collaboration with Protocol Labs
The Cronos Accelerator program provides great attention to strengthening the blockchain and AI ventures concerning decentralized finance (DeFi), social applications, and Web3 games. It provides funding, mentoring, and valuable resources to a chosen cohort of ventures to assist in the growth of the Web3 infrastructure and applications on the blockchain of Cronos. Protocol Labs, which is famous for projects such as libp2p, Filecoin, and IPFS, targets to democratize and empower the web.
As a completely distributed platform with a worldwide team of more than three hundred people, Protocol Labs is determined to evolve computing breakthroughs. Protocol Labs, with the current collaboration, will provide mentorship, technical support, and workshops to members of the Cronos Accelerator program. In this way, it will assist them in enhancing blockchain solutions.
Keeping in view the focus of Protocol Labs, there is a huge potential to back the Cronos Accelerator Program’s present as well as future cohorts. The head of Innovation Programs at Cronos commented on this initiative. The executive mentioned that the collaboration with Protocol Labs enables Cronos Labs to reinforce its commitment to lead toward the Web3 sector’s future.
By taking benefit from the well-known players within the market, the executive added, the firm expects to actively establish an ecosystem. The respective ecosystem will include innovative ventures that will not just advance Cronos’s platform but also the broader industry in terms of evolution and growth. Protocol Labs’ Head of Builder “Ruben Amenyogbo” asserted that the company is excited to partner with Cronos Labs to lead the Web3 adoption.
The Partnership Will Advance Web3 Infrastructure, SocialFi, GameFi, and DeFi Sectors, Says Protocol Labs Executive
According to the executive, this collaboration has a huge potential to offer resilient empowerment and support to startups within the blockchain sector. This will foster the advancement within the sectors of Web3-based infrastructure, SocialFi, GameFi, and decentralized finance (DeFi). By widening the computing breakthroughs, Amenyogbo added, the platform targets to shape the web’s future and develop a transformative impact.
