ENTANGLE LAUNCHES NGL TOKEN: WHAT IS THE ENTANGLE PROTOCOL?
- The current blockchain landscape is characterized by fragmented networks and incompatible protocols, causing asset and data flow to be complicated.
- @Entanglefi
backed by @MH_Ventures
, aims to dissolve these barriers by ensuring seamless interoperability through Omnichain Blockchain Infrastructure Protocol.
- Entangle's mission: to streamline the process of cross-chain interaction, asset transfers, and integrations.
- The protocol has already forged 65+ strategic partnerships with industry leaders, including Arbitrum, Mantle, Polygon, and Aave.
The Four Pillars of Entangle's Ecosystem:
1. Photon Messaging: A highly customizable Omnichain messaging protocol facilitating communication across any EVM or non-EVM network.
2. Universal Data Feeds: Low-latency, low-cost data infrastructure supporting Web2 and Web3 data sources, delivering price-feed data and generalizable data to smart contracts on any chain.
3. Liquid Vaults: Composable derivative tokens for any Web3 asset, increasing capital efficiency and enabling omnichain assets while earning yield on the underlying asset.
4. Entangle VRF (e-VRF): Provides secure, verifiable, and unpredictable numbers, integrating with other Entangle components for on-chain applications such as gaming, NFTs, and more.
The Power of Entangle's Blockchain:
- Entangle's Blockchain serves as the backbone of the ecosystem, authenticating, validating, and cost-effectively storing data.
- Designed for scalability, speed, and customizability, Entangle's Blockchain allows developers to craft fully interoperable solutions at scale.
The Role of $NGL Token:
- Entangle's native token NGL launched on March 13 and was listed on Gate exchange at 8 AM UTC on March 13.
- $NGL facilitates governance, incentivizes network participation through transaction fees, supports network security via staking, and grants access to exclusive features and functionalities.
Testnet Success and Future Prospects:
- During the testnet phase, Entangle has achieved remarkable milestones, including 1.35M transactions executed, integration with 65+ projects, and active participation from over 190,000 users.
