In simpler terms, an important development in the world of cryptocurrency will be marked not just by a series of visual changes, but also by closer integration with cutting-edge technological advancements taking place out of public view.
Syntropy introduces rebranding to Synternet L1 blockchain for dApps
In simpler terms, Syntropy, a well-known Web3 data supplier and infrastructure solution, announced a major transformation and is now known as Synternet, which is a next-generation layer-1 blockchain. This rebranding encompasses technical, marketing, and community adjustments for the product.
The transformation of Syntropy into Synternet signifies our organic progression into being the go-to platform for instant, on-chain data access for all, anywhere. Synternet isn’t merely a name change; it lays the groundwork for the next generation of interconnected data infrastructure.
— Synternet (@synternet_com) April 24, 2024
Synternet distinguishes itself as a genuine L1 blockchain leader by harmonizing its external image with its cutting-edge technology and forward-thinking strategy. This alignment enables it to power essential data infrastructure for a cohesive, interconnected Web3 ecosystem.
Company reps assured that the shift from Syntropy to Synternet won’t impact the standing and worth of NOIA tokens in users’ possession, which continue to function on Ethereum (ETH) as ERC-20 tokens, meaning no additional steps are needed from token holders.
Daniel Haudenschild, the CEO of Synternet, acknowledges that the upcoming rebranding will present a significant test for his ecosystem and its impact on the international Web3 community.
Instead of “Synternet isn’t just a rebrand; it’s a declaration of our bold vision for the future of blockchain,” you could say:
The Data Layer, which acts as a flexible execution layer connecting different blockchains, will remain a crucial component in the technology infrastructure of our solution.
Synternet sets ambitious goals with $10 million funding and 100,000 community members
CTO Jonas Simanavicius presents a new blockchain option, equipped with rich features, as an effective choice for expanding decentralized applications (dApps).
Our engineers have been deeply focused on creating the technology necessary to bring the Synternet vision to life. In the near future, we warmly welcome developers from around the world to construct and expand their decentralized applications (dApps) on our network.
After the company’s rebranding is complete, Synternet has planned some significant advancements in the upcoming months. These developments are part of the Monaco stage outlined in their Q2, 2024, plan. Specifically, the team intends to introduce the Synternet Blockchain on its main network, creating a strong foundation for real-time data exchanges between various blockchains.
In the coming weeks, a functional bridge linking Ethereum and Cosmos is planned to be launched, enabling effortless transfer of value between the two networks.
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2024-04-24 16:39