Bittime - Ethernity, a NFT focused blockchain platform , has just launched its newest network, Ethernity Chain . This launch brought good news to investors, as the price of their ERN token jumped 16%. This significant increase comes after the introduction of an innovative Layer 2 solution on the Ethereum blockchain , which is equipped with an advanced AI-powered security system.
Ethernity Chain's Layer 2 network is designed specifically for entertainment brands, making it the ideal platform for them to enter the world of Web3 globally. Ethernity Chain offers two main advantages: AI-based security and easy-to-use plug-and-play devices.
Ethernity Chain AI Security and Plug-and-Play Devices
Ethernity Chain emphasizes advanced AI security functions. This feature includes integrated Digital Rights Management (DRM) controls, which help protect intellectual property (IP) and combat counterfeit asset trading. This security model ensures a safe environment for global brands and their customers, while protecting proprietary data.
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Additionally, Ethernity Chain offers plug-and-play tools designed to make Web3 adoption easier for global entertainment brands. Using no-code tools, companies can easily integrate their IP, develop tokens, digital collectibles, and various other Web3 applications such as marketplaces and games.
Lower Gas Costs and Seamless EVM Compatibility
The Ethernity Chain network is designed as an environmentally friendly platform for development and use. The network is working to reduce gas costs, promote sustainability and lower overall costs. This approach is in line with the blockchain industry's need for environmentally friendly solutions, while also aiming to attract developers by minimizing economic barriers.
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Ethernity Chain is also 100% compatible with the Ethereum Virtual Machine (EVM), so it integrates seamlessly with current standards such as tokens, NFTs, and DeFi (Decentralized Finance) smart contracts. This compatibility allows current Web3 developers to easily migrate their projects to Layer 2 without requiring significant changes.
ERN Price Surge and New Projects on Ethernity Chain
The launch of the Layer 2 network was greeted with a 16% surge in the price of the ERN token, with the current price reaching $5.19. The 24-hour trading volume surpassed $41 million after increasing by 260.76%, reflecting increased investor interest. ERN's market capitalization also exceeded $106 million with an increase of 15%.
Along with the network launch, several new projects will be coming to Ethernity Chain, including FanableApp, a marketplace for Real-World Assets (RWA), and Exorians, a next-generation sci-fi game. These projects and applications will leverage the full functionality of Ethernity Chain and the support it offers.
Ethernity, previously known for its collaborations with big names such as Lionel Messi and Shaquille O'Neal, plans to develop its ecosystem further by collaborating with other leading entertainment companies. Co-CEO Nick Rose Ntertsas stated that the platform's transformation into a Layer 2 solution will "change the way entertainment brands interact with their audiences using Web3 technology."
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The launch of Ethernity Chain is an important step in the evolution of this NFT platform. By offering a secure, environmentally friendly and easy-to-use solution, Ethernity Chain has the potential to become a premier platform for entertainment brands looking to enter the world of Web3.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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