Syntropy Gains New Investment to Enhance Its Web3 Data Framework

Gibraltar, March 14, 2024 – Chainwire

Syntropy, known for its development of Web3 data infrastructure, has recently announced significant funding from various leading venture capital firms in the blockchain arena. This infusion of funds is crucial for Syntropy as they strive to build versatile and interoperable data systems that function across all major blockchain platforms. With the addition of numerous esteemed investors to their funding roster, Syntropy is strategically positioned to launch its mainnet in the second quarter of the year.

Alongside securing ongoing investments, Syntropy plans to tap into the knowledge and resources of its newly onboarded strategic investors who specialize in Web3 infrastructure. Notable backers include CMCC Global, known for its enthusiasm for fostering decentralized and interoperable data infrastructure that aligns with Syntropy's vision. Investments also come from prominent entities such as Polygon Ventures, HV Capital, Faculty Group, Wave Capital, Moonrock Capital, DVNCI Capital, TRGC Capital, Mapleblock Capital, AntAlpha, and Public Works.

Syntropy's CEO, Daniel Haudenschild, expressed excitement about the new influx of funds: \"We’re pleased to welcome this distinguished group of blockchain investors to our team. Their extensive expertise and connections will be essential as we expand Syntropy's Layer 1 data streaming blockchain.\"

Charlie Morries, Co-Founder of CMCC, remarked: \"Leading this investment round in Syntropy is a thrilling opportunity for us. They are innovating ways to provide Web3 data streaming services, enabling developers and businesses to create agile, data-driven products. Syntropy is poised to play a crucial role in the next generation of Web3 applications, and we are excited to support such a dedicated team.\"

Yaroslav Writtle, a Partner at Faculty Group, shared, \"As the blockchain landscape continues to evolve, the capability to consolidate, engage with, and retrieve on-chain data is becoming a foundational requirement for scaling projects. In this respect, Syntropy offers real-time, decentralized data services that facilitate advanced on-chain scenarios. We are impressed by the team’s drive and are eager to support their mission moving forward.\"

The latest investors were drawn to Syntropy’s ambitious plan to create real-time data infrastructure that is agnostic to various chains, addressing one of the key challenges faced by Web3 today: the need for consistent, low-latency access to on-chain data across multiple blockchains. With its technology affirmed and resources replenished, Syntropy is set to pursue a Series A funding round later in 2024, as it prepares to launch its mainnet and accelerate the growth of its ecosystem.

About Syntropy

Syntropy enables the establishment of modular, interoperable data frameworks across all main blockchains. Central to its design is the Data Layer, a protocol that acts as a customizable execution stage among all blockchains, empowering developers to create adaptable, application-specific interoperability that can process data from any chain.

Learn more: https://www.syntropynet.com/

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Emilis Klybas