What Is the Ethernity Chain (ERN)?
ERN is the native token of the Ethernity Chain, which is an Ethereum-based non-fungible token (NFT) platform. It features an on-chain marketplace that allows users to sell and buy a huge variety of unique NFTs. The Etherenity Chain platform refers to itself as “the first authenticated and licensed NFT platform.”
Take a look at the Ethernity Chain price chart above if you’re interested in seeing the live ERN price.
In order to popularize NFT-based digital art and support charitable causes, Ethernity makes partnerships with notable figures in the field of music, entertainment, and the blockchain industry. It raises money for charities by advertising unique collectibles through celebrities from the aforementioned fields.
Who Founded Ethernity?
The Etherenity Chain crypto project was founded by Nick Rose Ntertsas. Prior to founding Etherenity, he founded multiple Hospitality projects in Greece such as The Loft, Crystal Club, and The Ritz Suites. He also created his first crypto-focused trading fund called 10X Capital in 2016. Besides, as of writing this, Nick Rose Ntertsas is also the CDO at Global Wildlife Conservation and a board advisor at Protocol Research, Rewild, and OxygenSeven.
On March 8, 2021, the Etherenity Chain crypto project held a crowd sale, during which it managed to get funding from Polkastarter, which is a Polkadot-based cross-chain fundraising platform. Besides that, with support from Morningstar Ventures, Woodstock, Black Edge Capital, Genesis Block Ventures, and Spark Digital Capital, Ethernity completed a round of strategic investments.
Use Cases of ERN Tokens
ERN tokens are based on the ERC-20 token standard and stored on the Ethereum network. Primarily, the Ethernity Chain tokens are used as means of payment while purchasing and selling NFTs on Ethernity’s marketplace. Also, the Ethernity Chain coins are used to farm NFTs. Though besides that, ERN token holders also get the right to participate in the governance of the Ethernity project to decide on its further development.
Interested in buying ERN tokens? Don't forget to check the Ethernity Chain price chart to see the current ERN price.
