Cronos Labs recently announced a partnership with Protocol Labs, the creator of Filecoin, the popular decentralized storage platform. This collaboration will provide funding, technical support, and mentorship to companies in the Cronos Accelerator Program. The first cohort participants received $30,000 upfront and access to another $300,000 in funding.
Ruben Amenyogbo of Protocol Labs commented: “This partnership has the potential to provide robust support and empowerment to the current and future cohorts of blockchain startups, fostering the growth of decentralized finance, GameFi, SocialFi, and web3 infrastructure projects. By pushing boundaries and spearheading computing breakthroughs, we aim to shape the future of the web and create a transformative impact.”
Cronos Labs and Protocol Labs are both highly influential in the industry. Filecoin has built a well-known decentralized storage platform and launched the Filecoin Virtual Machine (FVM). Additionally, Filecoin Web Services provides tools like Kubernetes and containers to developers. On the other hand, Cronos Labs is the 11th largest DeFi chain in the world, with over $416 million in total value locked (TVL).
So, how can you buy Filecoin? eToro and OKX are two popular crypto exchanges that offer the asset. eToro provides a wide range of cryptos, such as Bitcoin, XRP, and others, as well as crypto/fiat and crypto/crypto pairs. OKX, on the other hand, is a world-leading cryptocurrency exchange that provides advanced financial services to traders.
It is important to note that trading in digital assets is considered high risk and digital assets are NOT backed by any government or central bank. Thus, it is essential to carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.