- Synapse Network will help launch new DeFi products and services in the blockchain industry.
- The firm is currently working on a social media rewards platform.
- The network’s cross-chain launchpad integrates with 16 chains and uses a fiat payment service.
Synapse Network, a DeFi business solutions provider, leverages its specialized business services, including cross-chain solutions and anti-bot filters, to help new DeFi projects get off the ground.
The solutions provider acknowledges in a release that the decentralized finance market is rapidly growing. As such, more DeFi projects have come into the space. However, the challenge for newcomers is gaining insight into the current market and staying ahead of current DeFi trends.
These difficulties urged Synapse to ramp up its services. While the company did not disclose much information about their upgrades, they did write that a social media rewards platform is currently under development.
Michal Domarecki, the co-founder of Synapse Network, stated:
With our complete solution, companies or individuals only need an idea to join the DeFi revolution because Synapse will do the rest. By jump-starting new projects, we enable non-blockchain companies to join the decentralized movement and thus truly change the financial playing field.
At the moment, Synapse, through its Synapse Technology Labs, offers token creation, token smart contracts development for staking, anti-bot filters, and other DeFi solutions. The company’s venture capital fund has already invested a total of $10 million for 200 DeFi projects.
Furthermore, the network’s cross-chain launchpad integrates with 16 chains and uses a fiat payment service. Synapse says it is the first one to offer fiat payment options.