Cryptocurrencies, utility tokens, security tokens, privacy tokens, digital assets and their classifications are multiplying and evolving with blockchain technology. Non-fungible tokens (NFTs) are one of the fastest-growing sectors in the crypto industry. NFTs are digital assets that contain identifying information recorded in smart contracts. It’s this information that makes NFTs unique, as they cannot be directly replaced by another token. They cannot be swapped like for like, as no two NFTs are alike. Ethernity is a blockchain-based platform that allows users to take advantage of the increasing popularity of NFT’s. The developers position it as a decentralized finance (DeFi) crossover project with authenticated NFTs. In the Ethernity ecosystem, all NFTs can be bought and sold on-chain. Prior to launching ERN, Ethernity underwent a round of strategic investments backed by Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock and Genesis Block Ventures.
Founded by Nick Rose Ntertsas, Ethernity (IG: @Ethernity; Twitter: @EthernityChain) uses licensed IP to create NFTs, and blends the digital utility they can provide with philanthropy and other real-world social causes. By partnering with leading figures in blockchain and digital art, and the music and entertainment industries, Ethernity is helping popularize NFT-based digital art while supporting noteworthy charitable causes. Ethernity is a platform for celebrities to share unique collectibles with fans and art enthusiasts, while raising money for charities. Ethernity’s platform has proven to be the best way for artists, brands, and influencers to create and sell their NFTs collections.
Ethernity’s native currency ERN is a cryptocurrency token based on the Ethereum blockchain. It has a maximum supply of 30,000,000 tokens and a circulating supply of 5,824,975 tokens as of March 2021. The ERN token’s public sale took place on March 8 on Polkastarter, a decentralized exchange (DEX) created for cross-chain token pools and auctions. Polkastarter is a protocol that allows projects like Ethernity to raise capital from their potential users. Ethernity can be traded on these exchanges: Uniswap, Gate.io, 1inch Exchange, Hoo. Users can also purchase authentic NFTs at Ethernity’s marketplace using ERN or with their credit card. This project denominates NFTs in ERN tokens and locks 75% of the collected tokens in a reserve for two years. For liquidity mining, users may provide liquidity on the Uniswap ETH-ERN pair to participate in the LP staking incentive program. Overall, the prospects for ERN look great, and the potential is exciting.