Chainlink launches startup program to provide blockchain resources to early-stage projects

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Chainlink Labs recently announced a program that provides new crypto projects with a blueprint to help them on their blockchain business building journey.

According to the company, the program called Startup with Chainlink will help early-stage founders and entrepreneurs access mentors from free information resources, community groups, and a pool of business and tech experts.

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David Post, a Chainlink Labs executive who contributed to creating the program, noted that it will give startups access to scaling information, operational best practices, webinars, events, and community groups. However, top projects will be able to access more benefits such as advisors and venture capitalists. All of these are designed to help new blockchain projects survive longer.

“Startups with Chainlink help founders get it right from the start so that they can grow their operations sustainably and become a long-term player in the ecosystem.”

While starting a crypto business can be good for the blockchain ecosystem, doing it wrong gives crypto a bad reputation. In addition, ignorance can cause employees to leave soon after seeing red flags. Because of these, the resources of top experts can go a long way.

Additionally, a program to assist startups can help projects focus on creating new designs rather than repurposing existing ones. “Despite the fact that there is a repeatable blueprint for launching crypto projects, all too often founders try to reinvent the wheel on important design decisions,” Post said.

Post also believes that the program will have a significant positive impact on the blockchain community as a whole. He explained that:

“The result is a more interconnected blockchain ecosystem built on sustainable projects with strong community ties. The sustainability and robustness of individual projects will help create a sustainable Web3 ecosystem that benefits people around the world.”

Connected: Indian state government to recognize Web 2.0 and Web 3.0 blockchain startups

Back in January, The Sandbox launched a startup accelerator program that aims to invest in 30 to 40 businesses annually. The firm partnered with accelerator company Brink’s to allocate investments to potential projects and provide access to high-profile advisors.