Entangle (NGL)

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Token marked for de-listing

Overview

Entangle (ticker: NGL) is a Web3 infrastructure project built to connect blockchains, data, and applications through a single programmable layer. At its core, Entangle combines an omnichain messaging protocol, a high‑performance oracle network, and tools for creating assets that can live across many chains. Together, these building blocks help developers move information and value between ecosystems without complex middleware or custom bridges. The goal is simple to state yet hard to deliver: make cross‑chain development feel like building on one unified internet. (cointelegraph.com)

The platform centers on three flagship components:

• Photon Messaging for customizable, fast cross‑chain communication.
• Universal Data Feeds (UDF) for low‑latency, verifiable on‑chain data from Web2 and Web3 sources.
• Liquid Vaults for creating composable derivative tokens that maintain yield while becoming “omnichain.” (cointelegraph.com)

NGL is the network’s native token used to secure the system, pay fees, and align incentives across validators and data transmitters. An ERC‑20 representation exists for EVM networks alongside a native coin on the Entangle blockchain. (blog.entangle.fi)

History & Team

Entangle began development in 2022 with the aim of turning cross‑chain complexity into a single programmable experience. After a lengthy testnet phase, the team launched mainnet architecture in mid‑May 2024, introducing the Entangle Blockchain, an explorer, validator/delegation flow, Photon Messaging, and an initial e‑Bridge. The architecture uses a layered design with Tendermint‑based consensus, targeting sub‑three‑second blocks. (chainwire.org)

Public materials name C. Faisal Mehrban as a co‑founder and the project’s chief executive. External profiles credit him with prior roles in banking and digital assets before founding Entangle. Other publicly referenced leaders include co‑founder Slava Korolev and CTO Nikita Balakin, who have been mentioned in third‑party write‑ups about the project. While the official site does not publish a detailed org chart, these names appear across industry profiles and community posts. (theorg.com)

Entangle’s funding history includes a strategic investment from ConsenSys in March 2024 and earlier seed/private rounds with participants such as Big Brain Holdings and Launch Code Capital, among others. These announcements emphasized support for Entangle’s messaging, data, and liquidity infrastructure across EVM and non‑EVM ecosystems. (chainbits.com)

Technology & How It Works

Entangle Interoperable Blockchain (EIB)

The network’s backbone is the Entangle Interoperable Blockchain, a specialized chain that coordinates data finality, messaging, and verification. EIB employs a modular stack with:

• An application layer for execution and user‑facing logic.
• A modules layer that includes governance, staking (DPoS), banking, vesting, an EVM module for smart contracts, and IBC for Cosmos‑based connectivity.
• A Tendermint BFT consensus layer that finalizes blocks deterministically when two‑thirds of validators commit. (docs.entangle.fi)

EIB is designed to work alongside parallelized rollups that offload aggregation and speed up snapshots for downstream chains. By combining a BFT chain with L2 aggregator rollups, Entangle targets fast state publication and low‑latency updates across integrated networks. (docs.entangle.fi)

Photon Messaging

Photon is an omnichain messaging protocol orchestrated by a master smart contract on the Entangle chain. It uses a distributed network of “transmitter agents” to pass messages and assets between many EVM and non‑EVM chains with configurable security and fees. Photon’s focus on minimal block time and optimized transaction composition aims to deliver very fast cross‑chain messaging. (cointelegraph.com)

Universal Data Feeds (UDF)

UDF is Entangle’s oracle layer for streaming verified data to smart contracts on any supported chain. It supports both push and pull models:

• Push mode publishes updates on‑chain at set intervals.
• Pull mode lets a contract append a recent, signed snapshot to its transaction, paying only when data is consumed.

UDF runs on top of EIB and dedicated rollups to increase throughput, with an emphasis on high update frequency (targeting sub‑second intervals) and cryptographic attestations. The system exposes a marketplace hub for subscribing to feeds and managing plans. (docs.entangle.fi)

Liquid Vaults and e‑VRF

Liquid Vaults let users convert yield‑bearing positions into composable derivative tokens that can move across chains while the underlying continues to earn. Entangle also provides an e‑VRF service for randomness in games, NFTs, and on‑chain raffles, integrated with its data and messaging stack. (blog.entangle.fi)

Tokenomics & Utility

Role of NGL

NGL functions as the toll token for Entangle’s “decentralized superhighway.” It is used for:

• Gas and fees on the Entangle blockchain and across its products.
• Staking and delegation to validators and transmitter agents.
• Economic bonds and access for developers using infrastructure modules. These mechanics tie NGL to network operation and security. (docs.ent-dx.com)

Supply, formats, and distribution

Entangle introduced NGL with a native coin on its chain and an ERC‑20 representation for EVM networks. Early materials outlined a maximum supply design of 1,000,000,000 NGL with distribution across ecosystem/infrastructure, community, team, and investment rounds, vesting linearly on a daily basis. Airdrops and community incentives were part of the plan. (blog.entangle.fi)

The team later published updates to the emission schedule, including extended cliffs and reduced unlock rates for certain allocations, plus a series of burns and lockups aimed at offsetting emissions and improving transparency. A “Burn to Build” program describes daily burn mechanics and long‑term vesting considerations for aligned backers. These steps were presented as measures to match or more than offset new issuance over time. (blog.entangle.fi)

In practice, holders stake or delegate NGL to validators and selected agents, and projects consuming data/messaging pay fees in NGL. This aligns user, validator, and developer incentives around reliable data delivery and cross‑chain operations. (docs.entangle.fi)

Ecosystem & Use Cases

Entangle emphasizes broad coverage across both EVM and non‑EVM networks. Public integrations and collaborations have highlighted support for ecosystems such as BNB Chain, Avalanche, Sei, TON, Mantle, and OKX’s ZK initiatives (X Layer/X1). These relationships focus on bringing real‑time data, omnichain messaging, and universal token tooling to large developer communities. (blog.entangle.fi)

Common use cases include:

• DeFi: Cross‑chain lending, AMMs, and collateral systems that need frequent, verifiable pricing data and fast settlement across multiple chains.
• Gaming: Fair randomness and asset portability so that in‑game items and outcomes can be proven and used everywhere.
• Real‑World Assets: Tokenization and lifecycle management backed by trusted data feeds and programmable verification.
• DAOs and Governance: Cross‑chain voting and asset verification with consistent state snapshots.
• Cross‑chain Launches and Bridging: Lock‑and‑mint or burn‑and‑mint flows coordinated by Photon Messaging and the e‑Bridge. (docs.entangle.fi)

Beyond these categories, Entangle positions its stack for AI agents that need omnichain data, and for modular rollups that want a low‑latency data plane with deterministic finality. The core theme is to reduce fragmentation so builders can deploy once and reach users across many networks. (docs.entangle.fi)

Advantages & Challenges

Advantages

• Unified omnichain design: Messaging, data, and asset tools are designed to work together across EVM and non‑EVM chains, reducing custom glue code for developers. (cointelegraph.com)
• Low‑latency data: UDF’s push/pull models and aggregator rollups aim to deliver frequent updates while controlling cost, useful for trading, gaming, and RWAs. (docs.entangle.fi)
• Programmability and choice: Security parameters, fee preferences, and delivery modes are configurable so teams can tailor cost and trust assumptions to their needs. (cointelegraph.com)
• Cosmos‑style finality with EVM reach: A Tendermint‑based core plus an EVM module allows both Cosmos‑native and EVM‑style development patterns. (docs.entangle.fi)

Challenges

• Complexity of cross‑chain development: Even with better tooling, omnichain apps require careful design around finality, replay, and signature verification across heterogeneous chains. Entangle’s documentation reflects these concerns and offers patterns, but implementation still demands familiarity with multiple stacks. (docs.entangle.fi)
• Evolving token economics: The team has changed unlock schedules and introduced burns/locks in response to community feedback. While intended to increase alignment, changes to token supply mechanics can be difficult for casual users to follow. (blog.entangle.fi)
• Ecosystem dependency: The most compelling use cases rely on many networks and partners maintaining reliable integrations and adopting common standards. (blog.entangle.fi)

Where to Buy & Wallets

NGL is available on Poloniex in the NGL/USDT spot market. The ERC‑20 version can also be traded on decentralized exchanges such as Uniswap by using the project’s published contract address. Entangle provides a token claim and bridge interface for moving between the native chain and EVM networks. (support.poloniex.com)

For wallets, MetaMask supports the ERC‑20 token and EVM interactions. Because the Entangle blockchain exposes an EVM module and also includes IBC connectivity, users commonly pair MetaMask with Cosmos‑oriented wallets such as Keplr when interacting natively with the Entangle chain and other IBC networks. Hardware wallets like Ledger can be connected through these extensions. (docs.entangle.fi)

Regulatory & Compliance

Entangle presents itself as infrastructure: a data layer, a messaging protocol, and a blockchain that other applications build upon. In major jurisdictions like the United States, there is no single classification for infrastructure tokens. Legal treatment generally depends on how a token is offered and used, the rights it conveys, and the behavior of its promoters. NGL’s described functions—as gas, staking collateral, and payment for data/messaging—fit the profile of a utility token within the network’s operations. That said, projects and exchanges may apply their own listing and compliance standards, and availability can vary over time and by location. (chainwire.org)

On questions of halal or shariah compliance, the project’s official materials do not provide a ruling or certification. The protocol’s design centers on providing infrastructure—data feeds, cross‑chain messaging, and staking for network security—rather than interest‑bearing lending. Because Islamic finance assessments consider both the token’s purpose and how it is used, determining whether NGL meets shariah principles requires case‑by‑case review. In practice, some scholars view network utility tokens as permissible when they provide access to a real service and avoid riba and excessive uncertainty, but a definitive judgment would rest on detailed analysis of Entangle’s contracts and business processes. No such official determination from the project is publicly stated. (docs.entangle.fi)

Future Outlook

Entangle’s roadmap points toward faster and broader omnichain functionality. Expectations include:

• Expanding the UDF marketplace and push/pull delivery models to more chains and data types, with a continued focus on sub‑second updates for time‑sensitive apps. (docs.entangle.fi)
• Scaling Photon Messaging across additional ecosystems and refining transmitter agent economics to keep cross‑chain state changes fast and programmable. (cointelegraph.com)
• Growing integrations with L1s and L2s so developers can launch once and reach users everywhere, reinforced by the EIB plus rollups model for low‑latency finality. (docs.entangle.fi)
• Continuing ecosystem partnerships in DeFi, gaming, and RWAs to showcase end‑user applications built on top of Entangle’s data and messaging layer. (blog.entangle.fi)

On the token side, published updates suggest an emphasis on measured emissions, vesting modifications, and active burns that aim to match or offset future unlocks—moves meant to align long‑term participants with infrastructure adoption. (blog.entangle.fi)

Summary

Entangle is building an ambitious interoperability stack that treats blockchains as parts of one programmable network. Its Entangle Interoperable Blockchain supplies deterministic finality and coordinates rollups; Photon Messaging moves state and assets across chains with configurable security; Universal Data Feeds deliver signed, low‑latency data; and Liquid Vaults make yield‑bearing assets portable across ecosystems. The NGL token ties these pieces together through fees, staking, and developer access.

For developers, the appeal is the ability to ship omnichain apps with fewer bespoke bridges and oracles. For users, it is the promise that assets and information can flow where they are needed, not confined by a single chain. While cross‑chain systems are complex and token economics continue to evolve, Entangle’s design and partnerships position it as a notable attempt to make the “unified internet of value” feel real for builders and end users alike. (docs.entangle.fi)