• Cronos Labs has announced a partnership with Protocol Labs, the creator of Filecoin and IPFS.
• The deal will see the two companies provide finances and other tools to companies building in their ecosystem.
• Creators in the Cronos Accelerator Program will receive mentorship and technical support from the two companies.

Cronos Partners with Filecoin’s Protocol Labs

Cronos Labs has announced a major partnership with Protocol Labs, the creator of Filecoin, the popular decentralized storage platform. This deal will provide financial support and other tools to companies that are building in their ecosystem. Those participating in the Cronos Accelerator Program will also receive mentorship and technical support from both parties.

What is Protocol Labs?

Protocol Labs is a company that specializes in decentralized storage systems. They are best known for creating Filecoin, an open-source distributed storage system that can be used by developers to store data securely across multiple locations. Recently, Protocol Labs launched the Filecoin Virtual Machine (FVM) as well as Filecoin Web Services which provides Kubernetes and container tools to developers.

What is Cronos?

Cronos Lab is an 11th biggest DeFi chain in the world with over $416 million total value locked (TVL). It is backed by Crypto.com, one of the largest crypto exchanges globally. Some of its popular dApps include Tectonic, VVS Finance, MM Finance etc. The first cohort of its accelerator program provided $30k upfront as well as access to another $300k fund for blockchain startups working on decentralized finance projects such as GameFi or SocialFi infrastructure projects etc..

Where To Buy Filecoin?

FileCoin can be purchased via eToro or OKX Exchange platforms where users have access to various cryptocurrencies such as Bitcoin, XRP among others including crypto/fiat pairs or crypto/crypto pairs respectively so they can connect or learn from each other .

Conclusion

                       
                                                                                                                                            This new partnership between Cronos and Protocol labs has great potentials for blockchain startups who seek robust support while developing web3 infrastructure projects such as Decentralized finance applications(DeFi), social media platforms etc., thereby helping shape future of web technologies