Ethernity Chain Fundamental Analysis

The Non-Fungible Tokens industry in the crypto space has been exploding in recent months. The industry is thriving with collaborations from high-profile celebrities and major sports teams, thus shaping the crypto world in ways that are beneficial to the ecosystem.

Crypto space is soaring with NFT marketplaces and digital art creators which is a great step towards mainstream adoption of the crypto and blockchain industry. With an unlimited supply of NFT, there is a need to develop a community-centric platform for digital artists to create more transparent and limited edition NFT lines. One such platform is Ethernity Chain which combines Authenticated NFTs (ANFTs) with decentralized finance (DeFi) to make the crypto space more transparent and functional.

In this article, we will explore all the prospects of the Ethernity Chain and everything you need to know about it!

What is Ethernity Chain?

Ethernity Chain is a Proof of Stake blockchain-based platform that produces limited edition Authenticated non-fungible tokens (ANFTs) and trading cards. This community-oriented platform was founded by crypto veteran Nick Rose to help preserve and augment the funds of the users.

Based on the Ethereum Network, Ethernity Chain not only aims to determine the value of digital collectables accurately but is also committed to use NFTs for social good and introduce innovation in digital art and NFTs.

Ideal for safely storing and multiplying your money, Ethernity Chain is the biggest A-NFT library in which everyone benefits. From its creators and NFT collectors to charities that work with the most notable figures of society, Ethernity rewards everyone and raises funds.

The platform uses the method of Proof-of-Stake (PoS) to allow anonymous and instant transactions. For this purpose, Ethernity uses the Spysend feature for anonymity and InstantX for almost instant transactions.

The Ethernity Chain ecosystem allows its users to own unique digital artefacts and artwork, which paves the way for successful long-term support from leading blockchain venture capitalists (VCs). This has led to a successful strategic investment round which is of particular appeal to different industries like music, gaming, real estate, and sports.

Apart from addressing the unprecedented scope for NFTs with the use of ANFTs, Ethernity also shares a common goal of bringing mainstream adoption to the NFT world with major crypto influencers by having close ties with them.

What are Non-Fungible-Tokens (NFTs)?

Non-Fungible Tokens (NFTs) are unique tokenized digital assets that represent real-world objects like music, videos, art, and in-game items held on the blockchain. These tokens are not mutually interchangeable like fungible assets such as ETH, BTC, or others. Each token is generally encoded with the same underlying software as other cryptocurrencies and can be easily bought and sold online with cryptocurrency.

Been around since 2014, NFTs are gaining popularity with time.

What is Authenticated Non-Fungible-Tokens (ANFTs)?

Authenticated non-fungible tokens (ANFTs) are digital assets that give users confidence in the legitimacy and authenticity of an artist’s work. These tokens work as guarantees that a certain product is authentic and not a scam or counterfeit.

What does the Ethernity Chain offer?

A great charitable cause:

Having a history in environmental activism, CEO Nick Rose made sure that the Ethernity Chain platform has strong roots in social good and activism. Rose has worked hard towards the conservation of wildlife by introducing charitable initiatives to protect the Amazon rainforest.

One such initiative is Ethernity Chain. The platform is based on a for-profit model that aims to raise funds for charitable causes. The model expands the services provided by the platform, which increases the total funds raised for the partners. For instance, when you buy an artwork worth $100, up to 90% of it can be donated to charity, 5% on average goes to marketplace fees or gas fees, and the remaining 5% goes to Ethernity.

Offers the biggest ANFTs library:

As the NFT space thrives, digital art creators and NFT marketplaces continue to flourish. In such times, Ethernity seeks to develop Authenticated non-fungible tokens (ANFTs) that give users confidence and promise transparency. Ethernity Chain combines Authenticated NFTs (ANFTs) with decentralized finance (DeFi) which adds an extra layer of transparency and brings new hybrid utility to the crypto world.

Furthermore, Ethernity Chain has extensive partnerships with high-profile people and celebrities, which gives users assurance that the products are legitimate and not counterfeits.

Hence, at the Ethernity Chain platform, unique DEFI applications not only allow farming rare ANFTs but also enable them to vote on proposals designed to amend the Ethernity Chain ecosystem.

Ethernity Chain Tokenomics

Ethernity Chain Token (ERN):

ERN is a proof-of-stake (poS) token that is built on Ethereum and secured by its blockchain. The token is mainly used to provide liquidity to ERN pools. This ERC-20 token is currently being ranked 358 on Coinmarketcap and has been surging a hefty 64.80% for the past 2 months.

ERN token utilities:

The ERN token has the following utilities:

• It is used to provide liquidity to the ERN pools.

• It allows participants to farm unique Authenticated non-fungible tokens (ANFTs). These tokens can be traded like any other cryptocurrency.

• You can also stake the ERN token to earn interest.

• ERN token can also be used for governance. This enables token holders to have a say in the proposals about making changes to the platform.

How to buy ERN:

ERN token is listed on many crypto exchanges but it cannot be directly purchased with fiat money like other main cryptocurrencies. However, here we will walk you through the steps to purchase ERN.

Firstly, you would need to buy Bitcoin from any large exchange. Once you buy Bitcoin, transfer it to the exchange that offers to trade ERN. After depositing your BTC to the Exchange, trade it to the altcoin pair (ERN).

The Takeaway:

With the rapidly growing utility and adoption of non-fungible tokens (NFTs) in the gaming world, it is set to be among the hottest trends in the crypto world. The virtual land is said to be soaring with the use of non-fungible tokens (NFTs) and Ethernity Chain is all set to propel the already flourishing NFT industry with Authenticated non-fungible tokens (ANFTs).

The platform has garnered a huge online following even before its launch and it can be safely said that it will see great adoption. Moreover, Ethernity Chain is expected to form a diverse range of collaborations with big names such as footballing legend Paolo Maldini and the Winklevoss twins.