Protocol Labs is a research and development company focused on building decentralized technologies. Founded in 2017, it aims to improve the internet by creating protocols that enhance data storage, sharing, and security. One of its most notable projects is IPFS (InterPlanetary File System), a peer-to-peer file storage system that allows users to store and share files in a more efficient way. In addition to IPFS, Protocol Labs is also known for developing Filecoin, a cryptocurrency designed to incentivize decentralized data storage. By allowing users to rent out their unused hard drive space, Filecoin creates a marketplace for data storage that is both secure and cost-effective. The company is committed to fostering an open-source ecosystem that encourages collaboration and innovation.