Ethernity Chain
ERN
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Market
Market stats
$132.1M
$28.9M
20.5M ERN
26 days
#375
$7.86
-0.62%
-8.12%
+26.01%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About Ethernity Chain
Ethernity (ERN) is a platform based on blockchain technology that seeks to leverage the growing popularity of non-fungible tokens (NFTs). It is positioned as a decentralized finance (DeFi) crossover project with authenticated NFTs. Within the Ethernity ecosystem, all NFTs can be exchanged on-chain. The platform aims to create a conducive environment for all active community members to participate in its ERN token ecosystem. Ethernity's ERN is a token based on the Ethereum blockchain, with a maximum supply of 30,000,000 tokens.
Ethernity operates by enabling celebrities to promote artwork or bespoke card tokens while raising funds for charities. It provides a platform for artists, brands, and influencers to sell NFTs. The ERN token, an ERC-20 proof-of-stake (PoS) token based on the Ethereum network, plays a crucial role in the Ethernity ecosystem. The token's public release occurred on March 8.
Ethernity seeks to popularize NFT-based digital art and support charitable causes through partnerships with leading figures in the blockchain, music, and entertainment industries. It provides a platform for celebrities to advertise artwork or bespoke card tokens while raising funds for charities. Artists, brands, and influencers can also use Ethernity to sell their NFTs. The platform encourages participation in the Ethernity ecosystem.
Ethernity was created by Nick Rose Ntertsas, who also serves as the CEO. He holds the position of the chief digital officer at Global Wildlife Conservation and has founded several hospitality projects in Greece and the 10X Capital cryptocurrency fund. Ethernity was funded through a decentralized platform, where its crowd sale took place on March 8, 2021. Before the launch of ERN, Ethernity underwent a round of strategic support from various entities.
Authenticated digital arts on Ethernity Chain, referred to as Authenticated Non-Fungible Tokens (ANFTs), are unique digital artworks that have been verified and authenticated on the blockchain. Ethernity Chain is a marketplace built on the Ethereum network that strives to build a substantial authenticated ANFT library. The platform enables artists to create digital artworks, which are then authenticated on Ethernity and represented via an icon. These ANFTs undergo an auction process, and a limited number of the artwork is acquired. The platform is community-oriented and provides opportunities for ERN token holders to participate in the process of obtaining rare ANFTs. The non-fungible nature of ANFTs makes them suitable for digital artwork or digital collectibles, indicating that participants receive an NFT that has been appropriately authenticated by blockchain technology.
The platform is community-oriented, allowing holders of its token, ERN, to participate in the generation of unique ANFTs through a unique decentralized finance (DeFi) application. ERN holders have the option to contribute their tokens to the network and vote on Ethernity Chain governance proposals. The process of creating ANFTs on Ethernity Chain involves an artist creating a digital artwork, which is then authenticated on Ethernity and displayed via an icon. An auction is then conducted, during which a limited number of the artwork is made accessible for acquisition. The successful participants generate the non-fungible tokens, thereby acquiring the digital artwork. A specified portion of the auction's outcome, along with future transactions, is intended for charitable organizations.