ConsenSys Labs and Protocol Labs Launch Filecoin Accelerator Program

Filecoin, the world’s largest decentralized storage community, is collaborating with ConsenSys Labs, the enterprise arm of ConsenSys, to launch the Filecoin Launchpad Accelerator (FLA).

Powered by Tachyon, the FLA will deal with startups constructing extra open, interoperable, and programmable instruments, infrastructure, and functions for the distributed net by means of IPFS and Filecoin.

The Filecoin Launchpad will present funding, one-on-one mentorship, and programming to speed up the adoption of Filecoin throughout the Ethereum and DeFi ecosystems, and appeal to present net builders seeking to combine with an effectively priced and geographically distributed storage community.

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Groups can leverage entry to the Protocol Labs and ConsenSys networks and experience, starting from entrepreneurs and authorized advisors to pathbreaking technical researchers. Every workforce will obtain $80,000 USD in funding. Groups can apply right here, and functions shut on August 21st.

Based by the Protocol Labs workforce and backed by Sequoia Capital, Andreessen Horowitz, and Union Sq. Ventures, Filecoin goals to decentralize information shops to safeguard their preservation and remove the chance of a single level of failure.

ConsenSys Labs’ Tachyon accelerator will probably be distinctive this yr in that will probably be co-supported by Protocol Labs. Launched in 2014, Protocol Labs is an open-source analysis, growth, and deployment laboratory whose initiatives embody InterPlanetary File System (IPFS), Filecoin, libp2p, and many extra. At its easiest, IPFS’ aim is a completely distributed net, the place functions do not dwell in centralized servers however function over a community made up of customers’ computer systems. IPFS goals to create a resilient, upgradable, open community to foster a extra sustainable and accessible net infrastructure for all of humanity. As a substitute of looking for content material by who’s internet hosting it, customers seek for the content material itself. This implies each sooner and cheaper retrieval of information, no extra reliance on centralized servers, and even a capability to entry the online whereas offline.

The financial incentive layer for IPFS is a community token referred to as Filecoin (FIL), which rewards miners to compete to correctly retailer encrypted information on the Filecoin community. Since its crowd sale in 2017, Protocol Labs has been exhausting at work maturing the protocol and constructing towards its upcoming launch.  Filecoin’s testnet already incorporates 25 PiB of storage, 1000’s of information storage suppliers, dozens of functions constructing on the protocol, and over 1,350 open-source software program, contributors. Filecoin’s incentivized testnet formally launches the week of August third, 2020, with the Filecoin public mainnet anticipated to launch in Q3 2020.

The Filecoin Launchpad, powered by Tachyon will present funding, one-on-one mentorship, and programming to speed up the adoption of Filecoin throughout the Ethereum and DeFi ecosystems, and appeal to present net builders seeking to combine with an effectively priced and geographically distributed storage community.

All applicant groups constructing throughout the Protocol Labs stack, and even Ethereum initiatives contemplating integrating components of the Protocol Labs stack, will probably be thought of. These might embody:

  • Infrastructure: Core infrastructure and developer instruments to help encryption, file administration/retrieval and fundamental onboarding onto the Filecoin and IPFSnetworks.
  • Middleware: Platforms that form the combination and utilization of Filecoin and IPFS into different functions, akin to plug-and-play dApp or DeFi toolkits, and information & analytics insights into IPFS’ ongoing exercise.
  • Purposes: Instruments that make the most of Filecoin or IPFS as a part of their core tech stack to develop end-user functions, akin to file-sharing, DeFi, archival instruments, video, audio, giant information storage, and networking.

This partnership between ConsenSys Labs and Protocol Labs builds upon years of collaboration and synergy between the Ethereum and IPFS ecosystems. The groups share many frequent targets for the decentralized protocol ecosystem and the distributed Net: to assemble safer and resilient world digital networks, return information management to customers, and construct a extra open, sustainable, and accessible Net. The launch of Filecoin will speed up collaboration and provide new alternatives for shared use instances; this accelerator will assist function a launchpad for extra convergence between decentralized protocols and networks.

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