Ethernity, an NFT-focused blockchain platform, has introduced its new Ethernity Chain community to the general public, resulting in a 16% surge within the ERN token worth. This monumental worth leap got here quickly after the introduction of an modern Layer 2 answer on the Ethereum blockchain, with sturdy safety measures powered by AI.
The Layer 2 community is leisure model centered, and the brand new enhancements make Ethernity Chain the main platform for manufacturers to maneuver into the Web3 setting on a worldwide scale.
Introducing Ethernity Chain, an ETH Layer 2 with enhanced AI-driven safety, setting new requirements for on-chain leisure. All powered by $ERN
Welcome to the Way forward for Leisure
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— ETHERNITY (@EthernityChain) May 7, 2024
Ethernity’s AI-Powered Safety and Plug-and-Play Toolkit
The Ethernity Chain’s improvement facilities on its emphasis on superior AI safety features. The chain’s AI functionalities embody built-in Digital Rights Administration (DRM) controls that assist protect mental property (IP) and handle counterfeit asset buying and selling. This kind of safety mannequin offers a protected setting for world manufacturers and their clients, defending proprietary information.
Moreover, Ethernity Chain provides a plug-and-play toolkit that intends to cut back the barrier of entry for world leisure manufacturers that need to function on the blockchain.
Utilizing no-code instruments, corporations can seamlessly combine their IP and develop tokens, digital collectibles, and different Web3 applications similar to marketplaces and video games.
Decrease Fuel Charges and Seamless EVM Compatibility
The Ethernity Chain community is designed to be an eco-friendly place for improvement and utilization functions, serving to to cut back fuel charges, promote sustainability, and decrease prices. This technique is in step with the rising want for eco-friendly options within the blockchain, and the initiative’s goal is to draw builders by minimizing financial limitations.
Ethernity Chain can also be 100% Ethereum Digital Machine (EVM) suitable, seamlessly integrating into present requirements similar to tokens, NFTs, and decentralized finance (DeFi) good contracts. Such compatibility permits the present builders of Web3 emigrate their initiatives seamlessly into Layer 2 with out a lot alteration.
ERN Worth Surge
Following the announcement of the Layer 2 network, the ERN token surged by 16%, with a dwell worth of $5.19 on the time of writing. The 24-hour buying and selling quantity reached over $41 million after rising by 260.76%, reflecting rising investor curiosity, whereas the market cap exceeded $106 million with a 15% rally.
ERN/USD 24-hour worth chart (supply: CoinMarketCap)
On the identical time, a number of new initiatives can be launched on the Ethernity Chain, together with FanableApp, {the marketplace} for Actual-World Belongings (RWAs), and Exorians, a next-gen sci-fi sport. All these initiatives and purposes from the important thing business groups will exploit the total functionalities of Ethernity Chain and its assist.
Ethernity is already identified for its collaborations with world-renowned names like Lionel Messi and Shaquille O’Neal, and it plans to develop its ecosystem additional with larger leisure corporations.
Co-CEO Nick Rose Ntertsas identified that reworking the platform right into a Layer 2 answer will “remodel how leisure manufacturers work together with their viewers utilizing Web3 applied sciences.”
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