Syntropy, a data provider dedicated to the future of Web3, announced today that it is rebranding as Synternet, according to the information shared with Finbold on April 24.
The change not only involves a visual overhaul, with a new logo, color palette, and website design but also signifies a deeper alignment with the advanced technological developments taking place behind the scenes.
An adaptable new Web3 landscape
By synchronizing its outward identity with its technological progress and strategic vision, Synternet positions itself as a true Layer-1 blockchain, crucial for the data infrastructure powering a unified, adaptable Web3 landscape.
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Daniel Haudenschild, CEO of Synternet, explained the nature of the rebranding, stating:
“Synternet isn’t just a rebrand; it’s a declaration of our bold vision for the future of blockchain. By providing the data infrastructure for Web3, we’re laying the foundation for a more open, interoperable, and innovative decentralized web.”
CTO Jonas Simanavicius echoed his colleague’s sentiments, saying:
“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 NOIA token
The rebranding from Syntropy to Synternet will not impact the NOIA token, which will remain operational on the Ethereum (ETH) network without any required action from token holders.
Further, Synternet has promised several key developments in the coming months, which are part of the Monaco phase of its 2024 Q2 roadmap, including:
- Launching the Synternet Blockchain on mainnet and establishing a robust infrastructure for real-time, cross-chain data streams;
- Introducing a fully operational token bridge between Ethereum and Cosmos, facilitating seamless value transfers;
- Implementing significant enhancements to improve the publisher and developer experience, simplifying participation and innovation on the network.
The necessity for interconnected blockchains
Syntropy was initially envisioned as a platform to transform how data moved across the internet by leveraging blockchain technology.
As its Web3 ecosystem evolved, the necessity for interconnected blockchains became more apparent.
With the launch of the Synternet mainnet, the platform’s transformation into a powerful Layer-1 project that links isolated chains into an interoperable network is finally complete.
To date, the Web3 Data Layer has assembled a talented team of over 50 Web3 professionals, its community numbering nearly 100,000 social media followers.
Additionally, over 16,500 token holders support its vision, and leading blockchain-focused VCs have pledged $10 million in funding.
