ConsenSys Labs and Protocol Labs Launch Filecoin Accelerator Program – Blockchain News, Opinion, TV and Jobs
Powered by Tachyon, the FLA will concentrate on startups constructing extra open, interoperable, and programmable instruments, infrastructure, and purposes for the distributed internet via IPFS and Filecoin.
The Filecoin Launchpad will present funding, one-on-one mentorship, and programming to speed up the adoption of Filecoin inside the Ethereum and DeFi ecosystems, and appeal to present internet builders seeking to combine with an effectively priced and geographically distributed storage community.
Groups can leverage entry to the Protocol Labs and ConsenSys networks and experience, starting from entrepreneurs and authorized advisors to pathbreaking technical researchers. Every crew will obtain $80,000 USD in funding. Groups can apply right here, and purposes shut on August 21st.
Based by the Protocol Labs crew and backed by Sequoia Capital, Andreessen Horowitz, and Union Sq. Ventures, Filecoin goals to decentralize information shops to safeguard their preservation and eradicate the danger of a single level of failure.
ConsenSys Labs’ Tachyon accelerator shall be distinctive this yr in that it will likely be co-supported by Protocol Labs. Launched in 2014, Protocol Labs is an open-source analysis, improvement, and deployment laboratory whose initiatives embody InterPlanetary File System (IPFS), Filecoin, libp2p, and plenty of extra. At its easiest, IPFS’ objective is a completely distributed internet, the place purposes do not stay 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 internet infrastructure for all of humanity. As an alternative 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 knowledge, no extra reliance on centralized servers, and even a capability to entry the net 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 laborious at work maturing the protocol and constructing towards its upcoming launch. Filecoin’s testnet already comprises 25 PiB of storage, hundreds of knowledge storage suppliers, dozens of purposes 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 inside the Ethereum and DeFi ecosystems, and appeal to present internet builders seeking to combine with an effectively priced and geographically distributed storage community.
All applicant groups constructing inside the Protocol Labs stack, and even Ethereum initiatives contemplating integrating parts of the Protocol Labs stack, shall be thought-about. These may 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 mixing and utilization of Filecoin and IPFS into different purposes, comparable to plug-and-play dApp or DeFi toolkits, and information & analytics insights into IPFS’ ongoing exercise.
- Functions: Instruments that make the most of Filecoin or IPFS as a part of their core tech stack to develop end-user purposes, comparable to file-sharing, DeFi, archival instruments, video, audio, massive 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 widespread objectives for the decentralized protocol ecosystem and the distributed Internet: to assemble safer and resilient international digital networks, return information management to customers, and construct a extra open, sustainable, and accessible Internet. The launch of Filecoin will speed up collaboration and provide new alternatives for shared use circumstances; this accelerator will assist function a launchpad for extra convergence between decentralized protocols and networks.