What is Sylo?

Sylo is a decentralized communication and data exchange network that operates on a layer 2 micropayments infrastructure and is powered by the $SYLO token. It is a user-run service that provides infrastructure to the network, enabling developers and businesses to run privacy-first, unstoppable apps without deploying any infrastructure of their own. Sylo aims to ensure minimal transaction fees and enhanced scalability through a unique staking architecture and probabilistic ticketing solution. The network's scalability is demonstrated in its flagship app, the Sylo Smart Wallet, which serves as a decentralized, private messenger and crypto wallet.

How does Sylo work?

Sylo operates through a node network where any wallet address can communicate with any other wallet address, NFT owner, or Smart Contract participant without any reliance on a centralized party. The Sylo Network is decentralized and end-to-end encrypted, ensuring secure and private communication. The network also supports multi-chain, non-custodial, NFT integrated, communications empowered web3 wallet. This allows users to send/receive messages and notifications, make audio and video calls, send/receive funds, buy and store NFTs, BTC, ETH, XTZ, CENNZ, and all ERC-20 digital assets in a non-custodial blockchain wallet.

What are the potential use cases for Sylo?

Sylo has a range of potential use cases. It can be used to connect digital worlds and allow people to communicate across the Metaverse. It can also be used for Web3 wallets to chat, call, pay, and broadcast to other NFTs and projects. Sylo can also be utilized by communities, providing decentralized, trustless, private communication tools that live as long as your NFT Community, your DAO, or your Protocol. Furthermore, Sylo can enable creators and fans to interact with privilege-granting NFTs and unlock messaging, voice, and video - wallet address to wallet address.

What is the history of Sylo?

Sylo was established in 2010 as a software development entity. The company is committed to decentralization and is the core developer of the Sylo Network, Sylo Protocol, and Sylo Smart Wallet. The Sylo core team has a background in computer science, development, and user experience, along with business experience. Over the years, Sylo has expanded to include a team of advisors with knowledge in various fields.