Synternet Unveils Ambitious Plans for Blockchain Future

Synternet’s rebranding reflects its focus on Web3 data infrastructure.

Syntropy, a Web3 data infrastructure provider, has changed its name to Synternet. This rebranding effort will revamp the project’s logo and website to better reflect the cutting-edge technological developments taking place in the background.

According to the CEO Daniel Haudenschild, the company’s rebranding to Synternet is an audacious statement about its plans for blockchain technology’s future. By supporting Web3’s data infrastructure, Synternet hopes to lay the framework for a decentralized web that is more accessible, compatible, and creative.

The NOIA token that users hold will be unaffected by the transition. At this moment, token holders do not need to take any further action; these tokens will continue to function normally on the Ethereum network. Over 16,500 NOIA token holders currently use the platform.

Following the renaming, Synternet has shared a roadmap for the second quarter of this year that includes its Monaco phase, which includes numerous major enhancements planned for the next few months.

Launching the Synternet blockchain on Mainnet is one of these milestones. Another is the introduction of a fully functional token bridge between Ethereum and Cosmos, which will simplify value transfers between the two networks. Lastly, there are several enhancements designed to make the network easier to use for publishers and developers by improving their experience.

What is Synternet?

Synternet is a blockchain technology that allows for a data architecture that is both modular and compatible across several main networks. The Data Layer is the protocol’s core component; it acts as an execution layer connecting many blockchains. Developers may create flexible, use-case-specific apps that can access data from any blockchain network thanks to its autonomous economic agents (AEAs).

Polygon Ventures, CMCC, Faculty Group, Moonrock Capital, HV Capital, and other prominent Web3 investors have all pledged their support to the initiative, which has so far raised $10 million.

Syntropy’s initial goal was to use blockchain technology to fundamentally change the way data travels over the internet. It became more clear that interconnected blockchains were necessary as the Web3 ecosystem developed. Synternet is the culmination of this progression. After launching its mainnet, it transformed into a Layer 1 chain that interoperates with other blockchains to form a synchronized network that powers the data economy.