An NFT marketplace, Ethernity, introduced its new Ethernity Chain network, sparking a 23% surge in ERN token prices from 4.92 to 6.05 in the last 24 hours, with an AI-secured Layer 2 solution on Ethereum.
Introducing Ethernity Chain, an ETH Layer 2 with enhanced AI-driven security, setting new standards for on-chain entertainment. All powered by $ERN
— ETHERNITY (@EthernityChain) May 7, 2024
Welcome to the Future of Entertainment
A thread 🧵[1/8] pic.twitter.com/ezlWYQVUCA
The Layer 2 system targets entertainment brands, making Ethernity Chain a top choice for global Web3 adoption. It features AI security like Digital Rights Management, safeguarding intellectual property, and combating counterfeit trades.
Ethernity Chain’s plug-and-play toolkit aids global brands in blockchain entry, enabling seamless IP integration for tokens, collectibles, and more. Its eco-friendly design lowers gas fees and supports Ethereum standards, attracting developers.
ERN token’s price rose by 16%, hitting $6.05, currently trading at $5.51, with a $64 million trading volume and a $113 million market cap after the Layer 2 network reveal. New projects like FanableApp and Exorians will utilize Ethernity Chain’s features.
Ethernity’s co-CEO expects the Layer 2 shift to revolutionize brand-audience interactions via Web3 tech.
The 23% surge in ERN token prices following Ethernity’s new Ethernity Chain launch signals a significant positive impact for users, fostering greater engagement and opportunities in the Web3 ecosystem.
Also Read: Render (RNDR) Surges 12.22% to $10.01 Amid Bitcoin Downturn
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Read on The Crypto Times Investment Disclaimer
