Ethereum

Rose

Rule

Security

Ethernity Chain

Ethernity, an NFT-focused blockchain platform, has announced its new Ethernity Chain network to the public, leading to a 16% surge in the ERN token price. This enormous price leap came soon after the introduction of an innovative Layer 2 solution on the <a href="https://coingape.com/ethereum-l2s-may-outshine-main-blockchain-vaneck-reports/" rel="noopener noreferrer nofollow">Ethereum blockchain</a>, with strong security measures powered by AI. 
The Layer 2 network is entertainment brand focused, and the new improvements make Ethernity Chain the leading platform for brands to move into the Web3 environment on a global scale.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Introducing Ethernity Chain, an ETH Layer 2 with enhanced AI-driven security, setting new standards for on-chain entertainment. All powered by <a href="https://twitter.com/search?q=%24ERN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ERN</a>
 Welcome to the Future of Entertainment
 A thread <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">[1/8] <a href="https://t.co/ezlWYQVUCA" rel="noopener noreferrer nofollow">pic.twitter.com/ezlWYQVUCA</a>
 — ETHERNITY (@EthernityChain) <a href="https://twitter.com/EthernityChain/status/1787846808187875595?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 7, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="strong-ethernity-s-ai-powered-security-and-plug-and-play-toolkit-strong">Ethernity’s AI-Powered Security and Plug-and-Play Toolkit</h2>
The Ethernity Chain’s development centers on its emphasis on advanced AI security functions. The chain’s AI functionalities include integrated Digital Rights Management (DRM) controls that help preserve intellectual property (IP) and address counterfeit asset trading. This type of security model provides a safe environment for global brands and their customers, protecting proprietary data.
Additionally, Ethernity Chain offers a plug-and-play toolkit that intends to reduce the barrier of entry for global entertainment brands that want to operate on the blockchain. 
Using no-code tools, companies can seamlessly integrate their IP and grow tokens, digital collectibles, and other <a href="https://www.google.com/url?client=internal-element-cse&amp;cx=e6c2264173c544ed8&amp;q=https://coingape.com/sui-partners-google-cloud-to-enhance-web3-ai-initiatives/&amp;sa=U&amp;ved=2ahUKEwi1lb3gifyFAxVjkIkEHaJKADMQFnoECAkQAg&amp;usg=AOvVaw2Pb7pyFiwCtj7VBQ_nXzPm" rel="noopener noreferrer nofollow">Web3 applications</a> such as marketplaces and games.
<h2 id="lower-gas-fees-and-seamless-evm-compatibility">Lower Gas Fees and Seamless EVM Compatibility</h2>
The <a href="https://coingape.com/ethernity-chain-ern-goes-live-on-binances-innovation-zone/" rel="noopener noreferrer nofollow">Ethernity</a> Chain network is designed to be an eco-friendly place for development and utilization purposes, helping to reduce gas fees, promote sustainability, and lower costs. This method is in line with the growing need for eco-friendly solutions in the blockchain, and the initiative’s objective is to attract developers by minimizing economic limitations.
Ethernity Chain is also 100% Ethereum Virtual Machine (EVM) compatible, seamlessly integrating into current standards such as tokens, NFTs, and decentralized finance (DeFi) smart contracts. Such compatibility allows the current developers of Web3 to migrate their projects seamlessly into Layer 2 without much alteration.
<h2 id="ern-price-surge">ERN Price Surge</h2>
Following the announcement of the <a href="https://www.google.com/url?client=internal-element-cse&amp;cx=e6c2264173c544ed8&amp;q=https://coingape.com/coinbase-layer-2-network-base-brings-usd-26-million-profit-strong-outlook-ahead/&amp;sa=U&amp;ved=2ahUKEwidheq5ivyFAxVcv4kEHaKYC6QQFnoECAIQAg&amp;usg=AOvVaw26zHFR0Ou1OYAQdqdbdyFi" rel="noopener noreferrer nofollow">Layer 2 network</a>, the ERN token surged by 16%, with a live price of $5.19 at the time of writing. The 24-hour trading volume reached over $41 million after rising by 260.76%, reflecting growing investor interest, while the market cap exceeded $106 million with a 15% rally.
<img decoding="async" class="aligncenter wp-image-195733" src="https://coingape.com/wp-content/uploads/2024/05/screenshoteasy-2024-05-07T201923.220.png" alt="" width="623" height="310" srcset="https://coingape.com/wp-content/uploads/2024/05/screenshoteasy-2024-05-07T201923.220.png 926w, https://coingape.com/wp-content/uploads/2024/05/screenshoteasy-2024-05-07T201923.220-300x149.png 300w, https://coingape.com/wp-content/uploads/2024/05/screenshoteasy-2024-05-07T201923.220-768x382.png 768w, https://coingape.com/wp-content/uploads/2024/05/screenshoteasy-2024-05-07T201923.220-150x75.png 150w" sizes="(max-width: 623px) 100vw, 623px">
ERN/USD 24-hour price chart (source: CoinMarketCap)
At the same time, several new projects will be launched on the Ethernity Chain, along with FanableApp, the marketplace for Real-World Assets (RWAs), and Exorians, a next-gen sci-fi game. All these projects and applications from the key industry teams will exploit the full functionalities of Ethernity Chain and its support.
Ethernity is already known for its collaborations with world-renowned names like Lionel Messi and Shaquille O’Neal, and it plans to develop its ecosystem further with bigger entertainment companies. 
Co-CEO Nick Rose Ntertsas pointed out that transforming the platform into a <a href="https://www.google.com/url?client=internal-element-cse&amp;cx=e6c2264173c544ed8&amp;q=https://coingape.com/markets/5-layer-2-crypto-to-buy-aiming-100x-after-ethereum-dencun-upgrade/&amp;sa=U&amp;ved=2ahUKEwib7efRifyFAxXSq4kEHXzWCW0QFnoECAYQAg&amp;usg=AOvVaw2thsnvKeJGOJWP9e-EjHss" rel="noopener noreferrer nofollow">Layer 2</a> solution will “transform how entertainment brands interact with their audience using Web3 technologies.”
Read Also: <a href="https://www.google.com/url?client=internal-element-cse&amp;cx=e6c2264173c544ed8&amp;q=https://coingape.com/congressman-blasts-us-sec-gensler-for-violations-sab-121-rule/&amp;sa=U&amp;ved=2ahUKEwiC_ZDmhvyFAxWemIkEHWAqCRkQFnoECAMQAg&amp;usg=AOvVaw25GPa19ETD5wyFjkYr-cCl" rel="noopener noreferrer nofollow">Congressman Blasts US SEC, Gensler for Violations &amp; SAB 121 Rule</a>
The post <a href="https://coingape.com/ern-price-surges-16-as-ethernity-chain-debuts-layer-2/" rel="noopener noreferrer nofollow">ERN Price Surges 16% As Ethernity Chain Debuts Layer 2</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

ERN Price Surges 16% As Ethernity Chain Debuts Layer 2

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