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 value. This monumental value leap got here quickly after the introduction of an modern Layer 2 answer on the Ethereum blockchain, with robust safety measures powered by AI.
The Layer 2 community is leisure model targeted, 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 Future of Entertainment
A thread 🧵[1/8] pic.twitter.com/ezlWYQVUCA
— ETHERNITY (@EthernityChain) May 7, 2024
Ethernity’s AI-Powered Security and Plug-and-Play Toolkit
The Ethernity Chain’s growth facilities on its emphasis on superior AI safety capabilities. The chain’s AI functionalities embody built-in Digital Rights Management (DRM) controls that assist protect mental property (IP) and tackle counterfeit asset buying and selling. This sort of safety mannequin offers a secure setting for world manufacturers and their prospects, defending proprietary information.
Additionally, Ethernity Chain presents a plug-and-play toolkit that intends to scale back the barrier of entry for world leisure manufacturers that need to function on the blockchain.
Using no-code instruments, corporations can seamlessly combine their IP and develop tokens, digital collectibles, and different Web3 applications akin to marketplaces and video games.
Lower Gas Fees and Seamless EVM Compatibility
The Ethernity Chain community is designed to be an eco-friendly place for growth and utilization functions, serving to to scale back fuel charges, promote sustainability, and decrease prices. This technique is in keeping 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 Virtual Machine (EVM) appropriate, seamlessly integrating into present requirements akin 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 Price Surge
Following the announcement of the Layer 2 network, the ERN token surged by 16%, with a reside value 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 value chart (supply: CoinMarketCap)
At the identical time, a number of new initiatives might be launched on the Ethernity Chain, together with FanableApp, {the marketplace} for Real-World Assets (RWAs), and Exorians, a next-gen sci-fi sport. All these initiatives and purposes from the important thing trade groups will exploit the complete functionalities of Ethernity Chain and its assist.
Ethernity is already recognized 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 remodeling the platform right into a Layer 2 answer will “transform how entertainment brands interact with their audience using Web3 technologies.”
Read Also: Congressman Blasts US SEC, Gensler for Violations & SAB 121 Rule
The introduced content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.
