The LNT (Lightning Network Token) platform, a protocol that strengthens Bitcoin’s Lightning network and makes it more reliable for everyday use, today announced a strategic partnership with Synbo Labs, a decentralized protocol that functions as an on-chain launchpad that enables growth for Web3 projects. Through this tech integration, Synbo Labs leverages LNT’s Bitcoin Layer-2 infrastructure to enable it to offer advanced opportunities for users in its Web3 launchpad and capital ecosystem.
Snybo Labs (also popularly known as Synbo protocol) is more than just a decentralized launchpad; it runs a comprehensive Web3 ecosystem that enables users to engage in various decentralized applications. It operates a decentralized venture capital that allows users to drive funding decisions and ensure that Web3 projects succeed with widespread support.
While traditional venture capital is still dominant in the startup sector, Synb offers a radical and meaningful approach to mainstream users and enterprises. Instead of startups relying on centralized fundraising from VCs, Synbo runs a decentralized (community) consensus funding where users, not gatekeepers, decide which Web3 projects get capital.
Besides empowering anyone to participate in early-stage funding using decentralized platforms, Synbo’s on-chain launchpad platform connects innovative projects with Web communities. Also, its decentralized platform allows users to participate in DeFi liquidity provision activities through self-custody assets and earn capital gains.
Synbo Improving Web3 Network Efficiency Using LNT’s Layer-2 Solution
By capitalizing on LNT’s advanced Layer-2 solution expertise, Synbo aims to enable scalable and cost-efficient token transfers, therefore enhancing user experiences and advancing user adoption of its platform.
LNT is a decentralized platform that runs a Bitcoin Layer-2 infrastructure called Lightning Network. This is important for everyday users. It means that the LNT’s infrastructure ensures faster payments, fewer network failures, and a more seamless user experience when sending money across borders, transferring, sending, or receiving tokens, etc.
The partnership above enables the integration of LNT’s Bitcoin Layer-2 infrastructure and ZK-rollup technology in the Synbo protocol. This deployment is set to improve Synbo’s network trading performance and minimize fragmentation within on-chain transactions.
Advancing Web3 Landscape and Empowering Users
The partnership between Synbo and LNT showcases that the two platforms aim to empower Web3 users, widen the accessibility of Web3 applications, and advance their decentralized network reach and operational efficiency. With the integration of LNT’s Bitcoin Layer-2 infrastructure and Lightning Network speed with Synbo’s Web3 growth methods for creating digital value and generating yield, the two decentralized platforms are introducing a new standard for developing long-lasting on-chain value.
The collaboration shows the two platforms’ commitment to improving how effectively on-chain liquidity is utilized and bolstering protection for capital across DeFi. By joining forces, Synbo and LNT enable scalable payments, efficient on-chain economies, better yield opportunities, and effectively connect Bitcoin’s core infrastructure within the broader landscape of Web3.