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Syntropy has unveiled its new identity as Synternet, signaling a significant shift in its focus towards enhancing data transfer across various blockchain networks. This rebranding marks a major milestone in the company’s journey to streamline blockchain interoperability.
CEO Daniel Haudenschild emphasized that this rebrand reflects a “bold vision for the future of blockchain,” aiming to build a foundational data infrastructure for Web3, fostering a more open and innovative decentralized web.
Way forward after rebranding
With the rebranding, Synternet is set to introduce new technological features that promise to improve the efficiency and execution of data transfers across different chains.
These innovations are designed to support developers in creating decentralized applications by providing them with a robust, permissionless real-time data infrastructure.
Impact on token holders and future developments
The rebranding will not affect the holders of Synternet’s native $NOIA token, which will continue to operate on the Ethereum network without requiring any immediate actions from the token holders.
Additionally, the company has announced upcoming key developments as part of its 2024 Q2 roadmap in the Monaco phase, which includes the mainnet launch of the Synternet blockchain and the introduction of a token bridge between the Ethereum and Cosmos ecosystems.
CTO Jonas Simanavicius highlighted the intense focus of their engineering team in turning the Synternet vision into reality, noting the upcoming opportunities for developers to build and scale decentralized applications on their platform.
Solving critical Web3 challenges
Synternet aims to address the significant challenges faced by Web3 developers, including the need for reliable, real-time data access across different blockchains.
The platform plans to unify fragmented data stores and decentralize centralized data sources, significantly enhancing the development of decentralized applications across various domains such as AI, DeFi, IoT, and more.
The post Syntropy rebrands to Synternet aiming for efficient cross-chains data transfers appeared first on Invezz
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