Synternet: A New Era for Web3 Technology

Synternet's Rebranding Journey

Blockchain infrastructure provider Syntropy has rebranded to Synternet, reflecting its advanced Web3 technology profile. This rebranding includes a new logo, color palette, and website design, aligning with the vision of investors and the 16,500 holders of the $NOIA token. The rebrand follows a fresh wave of funding from leading blockchain-focused venture capitalists.

Strategic Funding and Growth

Synternet has secured significant financial backing, with $10 million invested over four years. This includes $5 million from seed funding and an additional $4 million in May 2023. These funds are pivotal in advancing their scalable on-chain data solutions across DeFi protocols, applications, and enterprises.

Enhancing Web3 Infrastructure

As a Layer-1 blockchain, Synternet is committed to building robust data infrastructure for a unified Web3 landscape. Despite the rebrand, the $NOIA token remains operational on the Ethereum network, ensuring stability for its holders.

Vision for a Decentralized Future

CEO Daniel Haudenschild emphasizes that Synternet's rebrand is more than cosmetic; it's a step towards a decentralized, interoperable, and innovative web. The company's roadmap includes launching the Synternet Blockchain and introducing a token bridge between Ethereum and Cosmos, enhancing value transfers and user experience.

Expanding the Synternet Ecosystem

With a team of over 50 professionals and a community nearing 100,000, Synternet is poised to expand its decentralized applications (dApps) network. The upcoming mainnet launch signifies Synternet's evolution into a Layer-1 project, connecting isolated chains into a synchronized network, marking a significant milestone in its growth and development.