Question 1

What is Entangle (NGL)?

Accepted Answer

Entangle (NGL) is a comprehensive blockchain solution designed to facilitate seamless connectivity and data integration across multiple blockchain networks, both EVM and non-EVM. Entangle provides a variety of tools and services to support the omnichain evolution within the blockchain ecosystem. These include:

* **Photon Messaging:** A highly customizable omnichain messaging service compatible with various blockchain networks.
* **Universal Data Feeds:** Low-latency, cost-efficient data infrastructure for sourcing and delivering data from both Web2 and Web3 sources to smart contracts on any blockchain.
* **e-VRF:** A service providing secure and verifiable random numbers, ideal for applications in gaming, NFTs, and other sectors requiring randomness.
* **Liquid Vaults:** Derivative tokens for Web3 assets that enhance capital efficiency while generating yield on the underlying assets.

Entangle's infrastructure supports a wide range of applications, including AI, GameFi, DeFi, and Real World Assets, through its partnerships with notable industry players such as Arbitrum, Mantle, Polygon, and Avalanche​​​.

Question 2

What is Entangle (NGL) used for?

Accepted Answer

Entangle's primary use is to provide essential infrastructure and tools for various blockchain applications and networks. Its functionalities include:

* **Data Integration:** Connecting Web2 and Web3 data sources to blockchain networks.
* **Asset Tokenization:** Enabling the creation and management of digital assets across multiple blockchains.
* **Omnichain Interactions:** Supporting cross-chain interactions and liquidity products.
* **Decentralised Finance (DeFi):** Facilitating the development of DeFi applications and services.

The NGL token is crucial within the Entangle ecosystem, serving as a means of payment for transaction fees, staking, and as a bond for developers using Entangle's products. Additionally, NGL tokens can be delegated to run blockchain validators and transmitter agents, thereby enhancing the network's security and operational efficiency​​​​​.

Question 3

Who created Entangle (NGL)?

Accepted Answer

Entangle was founded by Faisal Mehrban. Faisal Mehrban has a diverse background in investment banking, fintech, regtech, and digital assets, with previous roles at JP Morgan, Barclays, and Credit Suisse.