Synternet Unveils Bold Rebranding, Unveils Strategic Vision for Web3's Future

Synternet, formerly Syntropy, has announced its rebranding to reflect its evolution as a Layer-1 blockchain powering data infrastructure for Web3. Aligning its identity with technological advancements, Synternet aims to foster a unified and composable Web3 landscape. Key developments planned for the coming months include the launch of the Synternet Blockchain, a token bridge between Ethereum and Cosmos, and enhancements for ease of use.

Syntropy Unveils Synternet: A Bold Rebranding and Strategic Vision for the Future of Web3

Gibraltar, Gibraltar, April 24th, 2024, Chainwire

In a transformative move that underscores its unwavering commitment to shaping the future of Web3, Syntropy today proudly announces its rebranding to Synternet. This strategic evolution is not merely a cosmetic change but a profound reflection of the groundbreaking technological advancements taking place within the organization.

Synternet: A Gateway to the Future of Blockchain

By aligning its outward identity with its internal innovation, Synternet firmly establishes itself as a pioneering Layer-1 blockchain that will power the data infrastructure essential for a unified and composable Web3 landscape.

"Synternet is not simply a rebrand; it is a bold declaration of our vision for the future of blockchain," said Daniel Haudenschild, CEO of Synternet. "By providing the data infrastructure for Web3, we are laying the foundation for a more open, interoperable, and innovative decentralized web."

CTO Jonas Simanavicius echoed these sentiments, adding, "Our engineering team has been working tirelessly to build the technology that will make the Synternet vision a reality. We are thrilled to invite the world to build and scale their dApps on our network in the coming months."

Key Developments on the Horizon

As part of the Monaco phase of its Q2 2024 roadmap, Synternet will introduce a series of transformative developments:

• The launch of the Synternet Blockchain on mainnet, establishing a robust infrastructure for real-time, cross-chain data streams.
• The introduction of a fully operational token bridge between Ethereum and Cosmos, facilitating seamless value transfers.
• Significant enhancements to improve the publisher and developer experience, simplifying participation and innovation on the network.

$NOIA Token Transition

Importantly, the transition from Syntropy to Synternet will not affect the $NOIA token held by users, which remain operational on the Ethereum network without requiring any action from token holders.

Synternet: A Catalyst for Innovation

Synternet's mission is deeply rooted in the belief that the transformative potential of Web3 can only be fully realized when blockchains are interconnected and able to interact seamlessly. Synternet's Data Layer serves as the customizable execution layer between blockchains, empowering developers to build composable, use-case-specific applications that can execute on any data from any chain.

A Proven Track Record and a Passionate Community

Synternet has assembled a world-class team of over 50 Web3 professionals and has cultivated a thriving community of nearly 100,000 members across various social media platforms. Over 16,500 token-holders support its vision, and leading blockchain-focused VCs have pledged $10 million in funding.

About Synternet:

Synternet is a blockchain that powers modular, interoperable data infrastructure across all major chains. Its Data Layer protocol serves as the customizable execution layer between blockchains, empowering developers to build composable, use-case-specific applications that can execute on any data from any chain. Synternet has secured the backing of prominent Web3 investors, including Polygon Ventures, CMCC, Faculty Group, Moonrock Capital, and HV Capital.

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Contact:

Marketing Manager

Emilis Klybas

[email protected]