The Blockchain Bridge to Startup Investment
Fiat networking could be the biggest economic breakthrough since fiat currency.
Raising money for a start-up requires a perfect match of investors who understand and support the concept and potential of the project. Crypto offers a unique advantage, lending low cost ownership to early stakeholders and helping to build a community around the new product. In 2020, cryptocurrency trading company Coinbase posited that crypto has the potential to democratise this process using ICOs.
“It might be one of the most important breakthroughs offered by the DeFi space, increasing the number of start-ups by an order of magnitude, which would be really good for the world,” said Coinbase CEO Brian Armstrong.
With the dawn of the internet, we’ve seen a drastic rise in access to services, information and communication that has never been seen before. The Internet started as a decentralised global village where anybody with a connected computer could participate in a discourse and interact freely online. With time, some solutions proved more useful than others and we have seen a drift towards standardisation and monopolisation. It takes a long time before the market can decide which solution is the best and fully adopt it — but the phenomena of blockchains is now finding its way into various fields, giving everybody the opportunity for the secure tracing of — among other things — funds and investments.
Crypto currency was the next logical step, with core values of decentralization and democratization in one, offering an exchange of value that can take place fully online. However, with the proliferation of dissociated crypto blockchains, we now have information silos, ledgers and protocols that can’t communicate easily with each other. This hinders the development, efficiency and progress of the very technology they are based on.
Now we must turn to building cross — chain solutions which enable interoperability between the myriad of contracts defined on the blockchains.
Synapse Network wants to encourage people to invest at any stage, with any amount of capital, while allowing them to monitor the development of the project.
Interoperability signifies a boundless horizon of smooth, seamless, contract transcription. It permits access to information stored in different blockchains, meaning users can see, read and react with minimal effort to whatever they need. Cross-chain developments look for solutions that enable interoperability between blockchains and enable them to interact without the need for third parties.
Despite their differences, blockchains can now be connected due to each of their intrinsic standardization of form. Cross-chain asset bridges, swaps and transfers eliminate prior isolation of blockchains, establishing the long needed interoperability between independent chains.
Despite the fact that blockchains and ledgers are designed and specialized for different tasks, process different amounts of data and handle different transactions, the cross-chain solution enhances interoperability between them and allows for yet again decentralized transmission of value and information between different networks.
Synapse is blazing the trail for the next stage of communications development and, as with the first crypto currency, we believe it can endure as the model exchange mechanism in DeFi.
About Synapse Network
Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology, to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.
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