If you are interested in blockchain technology and NFTs, Ethernity Chain brings these two concepts and much more together. Could this project, which draws attention with its famous collaborations and innovative approaches, be a new breath for art? So, what is ERN Coin, the central currency of Ethernity Chain, and why does this project attract so much attention? Read on to satisfy your curiosity.
What is Ethernity Chain?
Ethernity Chain is a blockchain project specific to NFT. It emerged as an NFT market on the Ethereum blockchain. It has even collaborated with leading names and organizations around the world such as Lionel Messi, Shaquille O’Neal, Bruce Lee and the US Space Force. It states that it was created to redefine the future of art with artificial intelligence. It is designed for global brands to take part in the Web3 world.
To better understand the service provided by the Ethernity Chain project specifically for NFTs, you can take a look at this article: What is NFT? What is it used for? What does it stand for?
One focus of the Ethernity project is to ensure that those who want to trade in the NFT world can do so in a cost-effective, fast and secure manner. Leveraging Ethereum Layer 2 technology, Ethernity builds a secure, scalable and user-friendly ecosystem for artists and brands, powered by AI-driven digital royalty management. It serves as a project that addresses the problems of high transaction fees, limited throughput, and combating fake content.
Ethernity Chain is not a project designed only for the entertainment industry. In addition to being an NFT platform, users of this project are provided with tools to easily create their own cryptocurrencies or NFTs.
What is ERN Coin?
ERN coin is actually a token. The reason for this is that the Ethernity Chain project has its own blockchain and is developed on Ethereum. ERN token, known as the native cryptocurrency of the Ethernity project, has several different uses.
ERN token is used in most of the services offered in the Ethernity project. ERN holders can vote on project-specific decisions. This essentially means that ERN owners can influence the future of the Ethernity project. Additionally, the Ethernity ecosystem includes smart contracts that offer staking. Thus, ERN holders can stake the ERN tokens they hold and receive rewards in return.
Ethernity Chain Features
I mentioned that Ethernity Chain was created in an innovative structure. The features of the project in this context are as follows:
- EVM Compatible: Can integrate seamlessly into many standard projects, including tokens, NFTs and DeFi smart contracts.
- Fast Transactions: All transactions in DeFi, gaming and similar areas are completed at lightning speed.
- Low Gas Fees: Gas fees are between affordable and non-existent. This makes transactions cost-effective and accessible to all users.
- Plug and Play Tools: Brands or creators are provided with code-free tools to quickly create tokens, NFTs, or other processes.
- Counterfeit Detection: An artificial intelligence engine called next-generation AI DRM Control works to prevent counterfeit assets from being traded.
- Carbon Neutral Network: A responsible and sustainable blockchain infrastructure is adopted and the project evolves accordingly.
How Does ERN Coin Project Work?
At its most basic, Ethernity’s design architecture is based on being user-friendly and secure. Ethernity maintains the security, stability and decentralization of Ethereum Layer 1. Being Ethereum Layer 2 means no more challenges such as high transaction fees and limited throughput.
Thus, the integrity of the content on the platform is protected. Users who want to create tokens on this platform can do so with user-friendly tools. In this way, the need for technical knowledge and development resources is eliminated. This also applies to the NFT production process.
Who is the Owner of Ethernity Chain?
The Ethernity Chain project was launched in 2020 by Nick Rose Ntertsas and Marcelo Pham.
Nick Rose Ntertas is known as the CEO and co-founder of the Ethernity Chain project. Additionally, he is known in the industry for being an investor, entrepreneur, environmentalist and blockchain advocate. Marcelo Pham is the co-founder and chief engineer of the Ethernity project. To date, he has designed software for process automation and provided consultancy to many organizations. He has expertise in software development, database and systems engineering, system integration, intelligent and expert systems and cloud.
What can be said about the future of ERN Coin?
Ethernity Chain started serving as an NFT platform running on the Ethereum blockchain. However, it has gone beyond being just an NFT market with the features and functions it offers. The project facilitates content production by providing innovative digital copyright management for artists and brands. Additionally, it increases transaction speed and reduces costs by using Ethereum Layer 2 technology, thus allowing users to work more efficiently. So, what is the future of ERN coin?
In the future, NFTs are expected to reach wider audiences and transform traditional art markets. The fact that Ethernity Chain is among the pioneers of this change may make it one of the initiatives that shape the future of digital content production.
Where to Buy Ethernity Chain (ERN)?
ERN coin adopts an innovative approach in the field of blockchain with its solutions in both NFT and cryptocurrency fields. For those who are interested in this project, it is a matter of curiosity how to buy ERN coin. Those who want to invest in the Ethernity Chain project can easily do this through the ICRYPEX cryptocurrency exchange.
ICRYPEX, which allows access to many cryptocurrencies as well as ERN coin, protects user information and assets with modern security measures, makes constant updates to provide a better user experience every time, provides 24/7 support service and offers many more opportunities to its users. It hosts the buying and selling process.
