The entertainment industry is evolving every day, with content piracy and a lack of monetization being among its biggest challenges. Blockchain technology is now reshaping this industry, introducing new concepts for content creation, distribution, and monetization.

Ethernity Chain, purposely built for the entertainment sector, leverages the power of blockchain to offer solutions that tackle the inefficiencies plaguing traditional media. From combating piracy with advanced Digital Rights Management (DRM) protocols to streamlining transactions with reduced gas fees, Ethernity Chain is redefining fan engagement and creator empowerment.

What is Ethernity Chain?

Source: Ethernity website

Ethernity Chain, built by Nick and Marcelo, is a Layer 2 solution purposely built for the entertainment industry. It focuses on leveraging blockchain technology to its fullest potential. Ethernity Chain is designed to produce authenticated non-fungible tokens (NFTs), offering artists, athletes, and organizations a platform to sell limited-edition, authorized digital collectibles.

Ethernity Chain aims to support charitable causes by auctioning off NFTs, allowing a portion of the artists’ profits to contribute to their chosen charities. This approach aligns with the growing trend of socially conscious investments and the desire to give back to the community innovatively.

The Vision Behind Ethernity Chain

Ethernity Chain’s vision is to redefine the future of entertainment with AI, creating a secure, low-cost, and builder-friendly environment that brings global entertainment franchises onto the blockchain. It’s more than just technology; Ethernity Chain is creating a new ecosystem where entertainment and blockchain intersect to provide unparalleled experiences for users and creators alike.

Ethernity Chain Target Audience

Ethernity Chain’s target audience includes global entertainment brands, creators, and talent who seek to store their intellectual property (IP) on-chain and engage with their fans through next-generation content and experiences. It caters to those who value security, user-friendliness, and the eco-friendly aspect of blockchain technology. By addressing the concerns of privacy, cost, and complicated interfaces, Ethernity Chain opens the door for major players in the entertainment industry to seamlessly integrate their franchises into the blockchain, revolutionizing how they interact with audiences in the web3 space.

The Technology Behind Ethernity Chain

The blockchain universe is expanding, and with it, a need for scalable solutions that can handle the demand for decentralized applications. Layer 2 solutions are the answer to this call, acting as extensions of the main Ethereum network (Layer 1) and designed to enhance scalability and efficiency. Ethernity inherits the robust security of Ethereum while offering a more streamlined experience for users and creators.

Ethernity Chain’s integration into the Ethereum network as a Layer 2 solution brings several key technological features to the forefront.

EVM Compatibility

The Ethereum Virtual Machine (EVM) is the heart of Ethereum’s interoperability and flexibility. Ethernity Chain’s 100% EVM compatibility means that it can support and execute smart contracts designed for Ethereum, allowing developers to create and deploy applications without learning a new programming language or adapting to a different infrastructure.

Fast Transactions

One of the most significant advantages of Layer 2 solutions like Ethernity Chain is the promise of faster transaction speeds. By handling transactions off the main Ethereum chain and then batching them together for finalization, Ethernity Chain can process transactions rapidly, which is crucial for the dynamic environment of digital entertainment.

Low Gas Fees

High gas fees have been a barrier to blockchain adoption, especially for transactions that don’t require the full security model of the main Ethereum network. Ethernity Chain addresses this by offering significantly reduced gas fees, making transactions more cost-effective and accessible to a broader audience.

Ethernity’s Unique Offerings

Next-Gen AI DRM Control

In the digital world, asset authenticity is paramount. Ethernity Chain addresses this with advanced AI-driven Digital Rights Management (DRM) controls. This technology ensures that only genuine, verified assets are traded on the platform, safeguarding users and creators from the risks of counterfeit digital assets. It’s a shield in the fight against piracy, providing peace of mind in the authenticity of each transaction.

Plug and Play Toolkit

The barrier to entry for blockchain technology has often been its complexity. Ethernity Chain demolishes this barrier with its Plug and Play Toolkit. This suite of no-code tools empowers brands and creators, enabling them to quickly set up tokens, storefronts, and applications without deep technical knowledge. It’s a game-changer for creators who want to dive into the blockchain world without getting bogged down by the technicalities.

Carbon-Neutral Network

Ethernity Chain is dedicated to achieving a carbon-neutral footprint. While details on Ethernity’s sustainability initiatives are not publicly available, the broader trend in the tech industry, especially within blockchain networks, is adopting eco-friendly practices. This includes using renewable energy sources, optimizing network operations for energy efficiency, and participating in carbon offset programs. Ethernity Chain’s Layer 2 solution is designed with this eco-friendly infrastructure in mind, ensuring that the platform minimizes its environmental impact while maintaining high performance.

Integration of Sustainability into Operations

Sustainability at Ethernity Chain goes beyond just energy consumption. It’s about creating a platform built to last, both technologically and environmentally. This includes using AI to optimize network operations, reducing the need for excessive computational power and thus energy use. By integrating sustainability into every aspect of its operations from the ground up, Ethernity Chain is setting a new standard for eco-conscious blockchain platforms.

Blockchain Design Principles of Ethernity

Ethernity Chain, with its focus on the entertainment industry, upholds two core principles that ensure its robustness and appeal:

Security

Security is the cornerstone of trust in the blockchain world. Ethernity Chain is built with a security-first mindset, employing state-of-the-art cryptographic algorithms to safeguard transactions and digital assets. The platform’s commitment to security is evident in its rigorous smart contract audits, continuous network monitoring, and the implementation of advanced security protocols that protect against a wide array of cyber threats. This unwavering focus on security ensures that users’ assets are protected, and the platform’s integrity is maintained.

User-friendliness

The second core principle of Ethernity Chain is user-friendliness. Recognizing that the complexity of blockchain technology can be a barrier to adoption, Ethernity Chain strives to deliver a seamless and intuitive user experience. From a straightforward interface to comprehensive educational resources for newcomers, Ethernity Chain is designed to be accessible to all, regardless of their technical expertise. This approach attracts a broader audience and empowers users to fully engage with the platform’s offerings without feeling overwhelmed by the underlying technology.

Ethernity Ecosystem

Source: Ethernity Chain website

0xLoans by Ethernity

This product offers a decentralized lending service, allowing users to borrow against their NFTs and other digital assets. It’s a financial innovation that brings liquidity to the previously illiquid NFT market.

Fanable by Ethernal Labs

Fanable is a platform where fans can interact with their favorite brands and personalities in a more intimate and engaging way. It’s a space where fandom meets the future of digital collectibles.

Exorians by Culprit Studios

This is a unique NFT project that combines storytelling with digital art, offering users a chance to own a piece of a growing narrative universe.

Arcbound by Arcbound Studios

Arcbound provides a bridge between gaming and blockchain, allowing gamers to truly own the assets they acquire in-game, from skins to characters.

LP Staking, Fixed Staking and NFT Staking

These staking options provide users with various ways to earn rewards by locking up their $ERN tokens or NFTs, contributing to the platform’s liquidity and stability.

Stone Farming

Users can farm ‘Stones.’ They are unique to the Ethernity ecosystem, offering another layer of engagement and reward for active participation.

Ethernity DAO

Source: Ethernity Chain website

The Ethernity DAO is the decentralized governing body of the Ethernity Chain. It’s where the community comes together to make decisions about the platform’s future. To cast a vote in the Ethernity DAO, one must hold $ERN tokens, which grant voting power. The more $ERN tokens a member holds, the more weight their vote carries. This ensures that those who are invested in the platform have a say in its direction.

Ethernity Marketplace

Source: Ethernity Chain website

The Ethernity Marketplace serves as the central hub for trading authenticated NFTs (aNFTs). It benefits users by providing a secure and trusted environment tailored specifically for NFT transactions. Artists, influencers, and major brands can sell their NFTs and collections, which have become increasingly popular among collectors. The marketplace is built on the Ethereum network, aiming to create the largest authenticated aNFT library in the world, while simultaneously rewarding creators and supporting charitable causes. It’s a community-oriented platform that allows $ERN holders to farm rare aNFTs and participate in the governance of the Ethernity Chain, making it a cornerstone of the ecosystem’s functionality and appeal.

Ethernity’s Digital Rights Management Protocol

Ethernity Chain’s approach to digital rights management is a sophisticated blend of blockchain technology and artificial intelligence, designed to protect the integrity of digital assets and prevent copyright infringement. Here’s how it works:

AI-Powered Copyright Protection

Ethernity Chain integrates an AI matching engine within its blockchain execution layer. This engine intercepts calls for setting or changing token metadata during contract deployment and execution. The metadata is then processed asynchronously by the AI engine, which calculates a similarity score. This score reflects how closely an image resembles an existing authenticated asset. Tokens exceeding a predefined similarity threshold are flagged, with the score recorded on-chain for transparency and accountability.

Score Record

The similarity scores are stored on-chain within a “DRM smart contract” and indexed in an off-chain “DRM database.” This setup allows for quick access by the DRM service, which powers the native block explorer, DRM search page, Ethernity’s NFT marketplace, and external applications through a REST API. This dual-layer storage ensures that the system remains efficient while maintaining the immutability of blockchain records.

Training

To maintain accuracy, the AI matching service undergoes regular training with data from off-chain storage. This data is sourced from authenticated assets actively traded on major blockchains and verified by third-party platforms. The AI engine remains adept at identifying and flagging potential infringements by staying updated with the latest asset information.

Authentication

Token authentication can be automatic or manual. In automatic mode, the DRM service checks if the contract address and deploying wallet match those of the authenticated contract on the source blockchain. A match results in a similarity score of 0, denoting authenticity. If there’s no match, the metadata is processed by the AI engine to determine the similarity score. Manual authentication is available for cases where the original token author deploys a contract with a different wallet. The author must then verify their identity and rights through a token transfer to a verifier smart contract or a recognized community wallet.

Ethernity Brand Toolkit Protocol

The Ethernity Brand Toolkit Protocol is a comprehensive suite of tools designed to empower brands and creators in the blockchain space. Here’s how it facilitates the creation of digital assets and platforms:

Social Currency Creator

This tool allows brands and creators to establish their own social currencies. These digital tokens can be used to foster community engagement, reward loyal fans, or facilitate transactions within a brand’s ecosystem. By creating a social currency, brands can deepen their relationship with their audience and provide a new layer of interaction.

NFT Creator

The NFT Creator tool simplifies the process of creating non-fungible tokens. Whether it’s art, music, or any form of digital content, creators can mint their own NFTs without needing to write a single line of code. This tool democratizes access to NFT creation, making it possible for anyone to participate in the burgeoning NFT market.

No-Code Tools for Brands and Creators

The toolkit provides a range of no-code solutions that make it easy for non-technical individuals to launch tokens, storefronts, and applications. These tools are designed to be user-friendly and intuitive, removing the barriers to entry for blockchain technology.

Ethernity Farmer’s Market

Source: Ethernity Chain website

The Ethernity Farmer’s Market is a hub within the Ethernity ecosystem, offering a unique blend of digital and physical rewards that cater to the diverse tastes of its community. The Farmer’s Market is where the digital world meets tangible reality. Each NFT in this collection is a key that unlocks a world of rewards. Owners of these NFTs have the exclusive opportunity to redeem their digital tokens for a variety of prizes within a specific timeframe. This could range from limited edition merchandise to unique experiences, bridging the gap between the virtual and the real.

The Role of Stones in Unlocking Benefits

Stones are the cornerstone of the Ethernity Farmer’s Market, acting as a farmable asset within the platform. Users can earn Stones by engaging with the ecosystem, and these Stones can then be redeemed for curated and selected Ethernity NFTs that are exclusively available to Stone holders. This reward protocol not only incentivizes participation but also enhances the value of being part of the Ethernity community.

Ethernity Tokenomics

The tokenomics of Ethernity Chain are designed to sustain and facilitate the growth of its ecosystem. The total supply of $ERN tokens is capped at 30 million with a circulating supply that varies as tokens are released into the ecosystem. Here’s a detailed breakdown of the token allocation:

• Team and Advisor: 20% of the tokens are allocated to the team and advisors. This ensures that the individuals who are integral to the development and guidance of the platform are invested in its success.
• Private Sale: 30.67% of the tokens were distributed during the private sale phase. This sale allowed early investors and supporters to participate in the project before a wider public release.
• Public Sale: 3.33% of the tokens were made available to the general public. This allows for a decentralized distribution of tokens and gives the public an opportunity to be a part of Ethernity Chain.
• Staking and Rewards: 12% of the tokens are reserved for staking and rewards. This incentivizes users to participate in the security and operation of the network, while also rewarding them for their contributions.
• Liquidity: 5% of the tokens are dedicated to providing liquidity. This is crucial for ensuring that there is enough $ERN available for trading and transactions on exchanges.
• Partnership: 8% of the tokens are set aside for partnerships. These tokens can be used to form strategic alliances that can help grow and expand the Ethernity ecosystem.
• Ecosystem Expansion: 6% of the tokens are allocated for ecosystem expansion. This includes funding new projects, initiatives, and features that will enhance the Ethernity Chain.
• Reserve: 15% of the tokens are kept in reserve. This acts as a safeguard for the ecosystem, providing stability and security for the $ERN token’s value.

The Role of $ERN in the Ecosystem

The $ERN token is the lifeblood of the Ethernity Chain, serving multiple critical functions within the ecosystem:

• Access to the Ethernity Ecosystem: Users can utilize $ERN tokens to access various features on the platform, including purchasing authenticated NFTs (aNFTs) on Ethernity’s marketplace.
• Staking: $ERN holders can stake their tokens to earn rewards, participate in liquidity mining, and contribute to the platform’s security and stability.
• Governance: Holding $ERN tokens grants users the power to participate in the Ethernity DAO, influencing decisions and voting on proposals that shape the platform’s future.

Is $ERN a Good Investment?

When considering whether $ERN is a good investment, it’s important to look at various factors that can influence its potential:

• Market Performance: As of the latest data, the price of $ERN fluctuates based on market conditions. Keeping an eye on live price updates and market cap rankings can provide insights into its current performance.
• Project Fundamentals: Ethernity Chain has secured strategic investments and support from notable VC firms in the blockchain world, which can be a positive sign for its future prospects.
• Risk Assessment: Investment in cryptocurrency is inherently risky and should be approached with caution and with $ERN being an altcoin the risk will be moderate.
• Token Utility: The utility of $ERN within the Ethernity ecosystem, such as bidding on and buying NFTs, staking for rewards, and participating in governance, adds intrinsic value to the token.
• Investment Suitability: Whether $ERN is a suitable investment for you depends on your individual financial goals, risk tolerance, and investment strategy. It’s crucial to conduct thorough research and possibly consult with a financial advisor before making investment decisions.

Remember, past performance is not indicative of future results, and investing in cryptocurrencies should be done with an understanding of the volatility and risks involved.

How to Buy $ERN on Gate.io

Purchasing $ERN on Gate.io is a straightforward process. Here’s a step-by-step guide to help you through:

1. Create an Account: If you haven’t already, sign up for an account on Gate.io. You’ll need to provide some basic information and go through a verification process to ensure the security of your transactions.
2. Deposit Funds: Once your account is set up, deposit funds into it. You can do this by transferring cryptocurrency from another wallet or purchasing crypto directly on Gate.io using a credit card or bank transfer.
3. Navigate to the Market: After funding your account, go to the ‘Spot Market’ on Gate.io. Here, you can search for the $ERN token by typing ‘ERN’ into the search bar.
4. Place an Order: Decide on the type of order you want to place. You can choose a ‘limit order’ to specify the price at which you want to buy $ERN, or a ‘market order’ to buy at the current market price. Enter the amount of $ERN you wish to purchase.
5. Review and Confirm: Double-check the details of your order. Once you’re sure everything is correct, confirm the purchase. Your $ERN tokens will be credited to your Gate.io account once the order is filled.

Remember to keep security in mind when trading on any platform. Ensure that you enable two-factor authentication (2FA) and use all available security features to protect your account and assets.

Conclusion

Ethernity Chain is ushering in a new era in the digital realm, where the trading of NFTs is anchored in trust and authenticity. With the innovative aNFT feature, traders can confidently purchase unique and rare NFTs, assured of their authenticity. Artists with exceptional skills have the opportunity to mint and showcase their art collections on the platform, making them available for sale in the Ethernity Chain marketplace. The credibility of these artworks is further bolstered by endorsements from renowned public figures, providing a layer of assurance to investors and traders. Ethernity Chain’s partnerships with influential personalities across diverse fields bolster investor confidence, ensuring a secure and scam-free environment for acquiring high-value NFTs. It’s a transformative space that’s redefining the essence of digital collectibles.