Syntropy, the Web 3 data infrastructure platform powering interoperable data transfer and instant smart contract execution on any data from any chain, is rebranding to Synternet. The rebrand, announced this Wednesday is a testament to the strides made by the platform in powering the future of Web 3 and its vision to revolutionize how data moves across blockchains.
A New Dawn: Merging the Vision and Prospects of Synternet
According to the team statement, Synternet will rebrand its logo, colour palette, and web design, transforming the outlook of the company to match its vision. In addition, the changes will also align with the advanced technological advancements planned within Synternet’s ecosystem in the coming months.
The latest changes are not set to affect any $NOIA token holders, which will remain operational on the Ethereum Network. No action from the token holders is needed during the transition into Synternet.
Synternet aims to provide a first-of-its-kind blockchain that powers modular, interoperable data infrastructure across all major chains. The platform offers data infrastructure solutions for blockchain projects building across the AI, DeFi, DePIN, Governance, GameFi and other Web 3 ecosystems. The rebrand to Synternet blends the company’s technological advancements with its outward appearance and strategic vision, intending to become the leading Layer 1 blockchain for interoperable data infrastructure.
“Synternet isn’t just a rebrand; it’s a declaration of our bold vision for the future of blockchain,” said Daniel Haudenschild, CEO of Synternet. “By providing the data infrastructure for Web3, we’re laying the foundation for a more open, interoperable, and innovative decentralized web.”
Synternet Plans the Launch of Additional Features
In addition to the visual transformations, Synternet also plans to add significant developments and upgrades to its ecosystem. First, the long-awaited mainnet, set to launch later this quarter, will establish a robust infrastructure for real-time, cross-chain data streams.
Secondly, the Synternet developers are building a fully operational bridge between Ethereum and Cosmos blockchains, allowing seamless value transfer across the blockchains. The bridge will support more blockchains in the coming future.
Finally, the platform also plans to build significant features that improve the publisher and developer experience, simplifying participation and innovation on the network.
Speaking on the upcoming developments, Jonas Simanavicius, CTO at Synternet stated:
“Our engineering team has been heads down building the technology to make the Synternet vision a reality. We couldn’t be more excited to invite the world to build and scale their dApps on our network in the coming months.”
The latest changes aim to build upon the growing Synternet ecosystem which currently boasts over 100,000 community members across various social platforms, over 16,500 $NOIA token holders, and 50+ developers and Web 3 professionals working on the platform.
Recently, the platform announced additional funding from a host of leading blockchain VCs, including CMCC Global, Polygon Ventures, HV Capital, Faculty Group, and Wave Capital among others. The company has raised/pledges totalling $10 million from top VCs in the space.