Cronos & Filecoin Partner to Boost Web 3 Adoption

• Cronos Labs and Protocol Labs announced a partnership to provide financial and technical support for developers in the Cronos Accelerator Program.
• Filecoin has built a leading decentralized storage platform, recently launching the FVM and Filecoin Web Services.
• Cronos Labs is one of the top DeFi chains in the world, backed by

Cronos Labs Partners with Protocol Labs

Cronos Labs has announced a major partnership with Protocol Labs, the creator of Filecoin , the popular decentralized storage platform. 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.

Filecoin Platforms

Filecoin has built a leading decentralized storage platform that is used by many developers. It recently launched the Filecoin Virtual Machine (FVM), which is slowly gaining traction. At the same time, the developers recently launched Filecoin Web Services, which provides tools like Kubernetes and containers to developers.

Cronos Accelerator Program

Cronos is now implementing the third cohort of its accelerator program. In this program, winners receive $30,000 upfront and access to another $300k in funding. Ruben Amenyogbo of Protocol Labs said: “This partnership has tremendous potential to provide robust support and empowerment to the current and future cohorts of blockchain startups, fostering growth of decentralized finance, GameFi, SocialFi, web3 infrastructure projects.“

Cronos’ Position in Industry

Cronos Labs is one of the top DeFi chains in the world with over $416 million in total value locked (TVL). Some of its top dApps are Tectonic, VVS Finance.,and MM Finance among others. It’s also backed by , one of the biggest crypto exchanges in the world .

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