Syntropy, a Web3 data infrastructure provider, has rebranded itself as Synternet, signaling its ambitious plans to shape the future of blockchain technology. This rebranding effort encompasses a revamped logo and website, reflecting the cutting-edge technological developments taking place behind the scenes.

According to Daniel Haudenschild, Synternet's CEO, the rebranding is a audacious statement about the company's vision for the future of blockchain technology. By supporting Web3's data infrastructure, Synternet aims to lay the groundwork for a decentralized web that is more accessible, compatible, and conducive to innovation.

The rebranding will not affect the NOIA token held by users, and token holders need not take any further action; these tokens will continue to function normally on the Ethereum network. Currently, over 16,500 NOIA token holders utilize the platform.

Following the renaming, Synternet has shared an ambitious roadmap for the second quarter of 2024, dubbed the Monaco phase, which includes several major enhancements planned for the next few months.

One of the key milestones is the launch of the Synternet blockchain on Mainnet. Additionally, Synternet plans to introduce a fully functional token bridge between Ethereum and Cosmos, simplifying value transfers between the two networks. Furthermore, several enhancements are in the works to improve the network's user experience for publishers and developers.

At its core, Synternet is a blockchain technology that enables a modular and cross-chain compatible data architecture. The protocol's central component, the Data Layer, acts as an execution layer connecting multiple blockchains. Developers can create flexible, use-case-specific applications that can access data from any blockchain network thanks to its autonomous economic agents (AEAs).

The initiative has gained support from prominent Web3 investors, including Polygon Ventures, CMCC, Faculty Group, Moonrock Capital, and HV Capital, raising $10 million to date.

Synternet's evolution stems from Syntropy's initial goal of using blockchain technology to fundamentally transform the way data travels over the internet. As the Web3 ecosystem developed, the need for interconnected blockchains became increasingly evident. Synternet represents the culmination of this progression, transforming into a Layer 1 chain that interoperates with other blockchains to form a synchronized network powering the data economy.

With its ambitious rebranding and roadmap, Synternet is positioning itself at the forefront of blockchain data infrastructure, aiming to revolutionize the way data is accessed, shared, and utilized across different blockchain networks. By fostering interoperability and accessibility, Synternet aims to unlock new possibilities for innovation and development in the rapidly evolving Web3 landscape.