Cronos and Protocol Labs Partner to Boost Web 3 Adoption

• Cronos Labs has announced a partnership with Protocol Labs, the creator of Filecoin and IPFS.
• The two companies will provide funding and other tools to companies building in their ecosystem.
• Cronos is implementing the third cohort of the accelerator program which provides winners with $30,000 upfront as well as access to another $300k in funding.

Cronos Labs Partners with Protocol Labs

Cronos Labs has recently announced a major partnership with Protocol Labs, the creator of Filecoin , the popular decentralized storage platform. The deal will see the two companies providing funds and other tools to companies building in their ecosystem.

Accelerator Program

Creators in the Cronos Accelerator Program will receive mentorship and technical support from both companies. This program is now on its third cohort which provides winners with an initial $30,000 up-front payment followed by access to another $300k in funding for future projects.

Filecoin Virtual Machine (FVM)

Protocol labs have launched Filecoin Virtual Machine (FVM) which allows developers to create applications that run on top of Filecoin’s network. Furthermore, they have also released Filecoin Web Services which provides useful tools such as Kubernetes and containers for developers working on web3 infrastructure projects.

Cronos‘ Backers

Cronos is one of the leading DeFi chains globally with over $416 million locked up in total value (TVL). Some of its top dApps include Tectonic, VVS Finance, MM Finance among others. It is backed by Crypto.com – one of the biggest crypto exchanges worldwide.

Buying Filecoin

eToro offers a wide range of cryptos including Bitcoin, XRP and more alongside crypto/fiat and crypto/crypto pairs where investors can connect with other users or copy traders while learning how to trade successfully themselves . OKX is another world-leading cryptocurrency exchange providing advanced financial services for digital assets like FIL tokens .