Syntropy, a prominent provider of Web3 data infrastructure, undergoes rebranding as Synternet.
In a groundbreaking move toward the future of Web3, Syntropy, a leading data provider, has revealed its transformation into Synternet, as disclosed to Finbold on April 24th. This evolution encompasses not only a visual reimagining with a fresh logo, color scheme, and website design but also signifies a profound alignment with the cutting-edge technological advancements driving its operations.
By harmonizing its outward appearance with its technological innovation and strategic direction, Synternet asserts itself as a pivotal Layer-1 blockchain, fundamental to the data infrastructure fueling a cohesive and adaptable Web3 environment.
CEO Daniel Haudenschild elucidated the essence of this rebranding, emphasizing, “Synternet represents more than just a rebrand; it embodies our ambitious vision for the future of blockchain. By furnishing the data infrastructure for Web3, we are establishing the groundwork for a decentralized web that is more inclusive, interoperable, and pioneering.”
Echoing these sentiments, CTO Jonas Simanavicius highlighted the tireless efforts of their engineering team in actualizing the Synternet vision, expressing enthusiasm for the forthcoming opportunity to foster dApp development and scalability on their network.
The transition from Syntropy to Synternet will have no bearing on the functionality of the NOIA token, which will continue to operate seamlessly on the Ethereum (ETH) network, requiring no action from token holders.
Looking ahead, Synternet has outlined several pivotal milestones for the Monaco phase of its 2024 Q2 roadmap, including the launch of the Synternet Blockchain on mainnet, establishment of a robust infrastructure for real-time, cross-chain data streams, introduction of a fully operational token bridge between Ethereum and Cosmos, and implementation of significant enhancements to streamline participation and innovation on the network for publishers and developers alike.
Initially conceived as a platform to revolutionize data transmission leveraging blockchain technology, Syntropy has evolved to recognize the imperative of interconnected blockchains within the burgeoning Web3 ecosystem. With the Synternet mainnet launch, the platform’s metamorphosis into a formidable Layer-1 project, interlinking isolated chains into an interoperable network, reaches fruition.
To date, the Web3 Data Layer has amassed a formidable team of over 50 professionals dedicated to Web3, supported by a vibrant community of nearly 100,000 social media followers and over 16,500 token holders who share in its vision. Additionally, leading blockchain-focused VCs have committed $10 million in funding, underscoring the industry’s confidence in Synternet’s trajectory.
