With this new collaboration, Protocol Labs and ConsenSys aim to drive the development of more powerful and practical Web3 solutions through ConsenSys Scale.
Protocol Labs and ConsenSys, two well-known key players in the Web3 sector, recently announced a partnership aimed at supporting leading blockchain companies through ConsenSys Scale. Launched in 2022, ConsenSys Scale (formerly known as Consensys Startup Program) aims to support a variety of companies developing products and services for the Web3 sector.
Through this support, companies will be able to count on the tools and technical support necessary to make their Web3 applications and services a reality, using the technology of MetaMask, Infura and No crew.While at the same time providing vital technical support and access to joint marketing, resources, workshops, funding opportunities and a wide range of ecosystem benefits.
The Scale program, which lasts 24 months, is designed to support dApps and blockchain companies between the Seed and Series A funding stages. Participants are expected to have a fully operational team, institutional funding, and initial product-to-market adaptation.
Protocol Labs underpinning the ConsenSys Scale proposal
The arrival of Protocols Labs with this collaboration seeks to bolster ConsensSys’ Builders in Scale proposition, supporting hundreds of founders on their entrepreneurial journey. For example, Blockfence, a Scale participant, will now have additional end-to-end support to a comprehensive Web3 product suite due to this fruitful partnership.
This situation, for example, has driven the development of MetaMask Snaps. Let us remember that this MetaMask solution is built and powered by the development of Blockfence Snap, which adds transaction security to users of this wallet. This has allowed for greater security to be added to the more than 100 million users of MetaMask. This is a perfect example of how Blockfence has flourished using Scale, and now with the arrival of Protocol Labs, this potential will be increased.
With Protocol Labs joining the program, Scale members will be able to access products, technical expertise, potential funding, and exclusive invitations to its community of founders. Basically, the collaboration will focus on three main areas:
- IPFS and Filecoin Integration with Ethereum: Protocol Labs and ConsenSys will work to integrate IPFS and Filecoin with Ethereum, allowing developers to build Web3 applications that take advantage of the benefits of both technologies.
- Web3 Application Development: The two companies will collaborate on the development of new Web3 applications, such as decentralized finance (DeFi) platforms, NFT marketplaces, and gaming.
- Web3 Education and Adoption: Protocol Labs and ConsenSys will work to educate developers and users about Web3 and promote its adoption.
Boosting Web3 development
Alex Greinacher, Program Manager at ConsenSys, comments:
We love that large enterprises co-create our universe by getting involved through deployment on Linea, our zK-EVM chain, building on our new MetaMask Snaps platform, and accessing the chain of their choice through Infura. In return, we provide genuine value to builders, and one way we do this is by integrating top-tier ecosystem partners like Protocol Labs, who are leaders in their field.
Recall that Protocol Labs has a commendable track record of incubating and supporting hundreds of founders to raise over $1 billion in external capital, including its seed investment in ConsenSys that serves as a testament to their long-lasting partnership. This success story also encompasses notable achievements in previous accelerator programs in the Ethereum ecosystem, including TachyonX, which Protocol Labs supported as part of ConsenSys Mesh.
Ruben Amenyogbo, Partner at Protocol Labs Builders Fund, commented:
Providing founders with expert guidance and access to best-in-class storage and compute will give them key tools to thrive in this ever-evolving industry. ConsenSys and Protocol Labs’ partnership is deep – not only have we co-created protocols, but our multiple partnerships have already created leading startups. We look forward to bringing this shared story of success to scale and continuing to advance humanity’s technology stack.
In any case, this new collaboration supports the growth of the Web3 sector. A sector that is increasingly growing and gaining traction in terms of users, companies and services built on this technology and that in the future will undoubtedly have an ever greater relevance in our experience with the digital world.
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