- Ethernity Chain is a community-oriented platform built on the Ethereum network that produces limited edition, non fungible tokens (NFTs) and trading cards
- Although ERN can be found on a number of crypto exchanges, it can’t be directly purchased with fiat currency. However, it can still be readily purchased
- ERN is priced at US$16.44 as of 2 September 2021 and has a market capitalisation of US$185,926,836
It’s been a wild ride for cryptocurrency so far in 2021. Amongst many other things, one part of the crypto world which has broke through to the mainstream is non fungible tokens – or simply NFTs.
From digital art to digital collectables like CryptoPunks, NFTs are everywhere right now and they’ve helped boost the value of crypto out of the doldrums where it was just a couple of months ago.
NFTs are indeed a game-changer and a huge turning point in our society’s ability to experience art and entertainment.
NFT platform – Ethernity – is right in the middle of the action and if things go according to their plan, they will be one of the key influences in pushing NFT-based digital art into the mainstream.
Image Source © Magann | Megapixl.com
What is Ethernity?
Founded by cryptocurrency investor, Nick Rose Ntertsas, Ethernity Chain is a community-oriented platform built on the Ethereum network that produces limited edition, non fungible tokens (NFTs) and trading cards.
Launched earlier this year, Ethernity is in the process of trying to create the largest NFT library. It also aims to reward users who create on the platform as well as raise funds for charitable causes.
Ethernity’s decentralised finance (DeFi) applications allow holders of ERN to farm rare NFTs and vote on how the platform is developed into the future.
How Do I Purchase ERN?
Although ERN can be found on a number of crypto exchanges, it can’t be directly purchased with fiat currency. However, it can still be readily purchased.
Firstly, just go to any exchange which offers Bitcoin or Ether and then purchase either. Binance Exchange, for example, is a platform used by many crypto investors and it accepts many different types of fiat.
The next step is to then transfer either the Bitcoin or Ether to an altcoin exchange which offers ERN and then, depending on the available market pairs, make a deposit to the exchange from Binance. Lastly, make the necessary exchange.
ERN is priced at US$16.44 as of 2 September 2021 and has a market capitalisation of US$185,926,836.
From its initial launch onto the market on March 8, 2021 it quickly rose to US$67 in a matter of weeks from it’s launching price of US$6.30.
Its US$67 high was short lived, however, and the wider crypto crash, which occurred mid year, saw ERN dip below six dollars in July. Since then it’s made a steady recovery.
ERN has a current circulating supply of 11,310,511 tokens with a max supply of 30,000,000.
The NFT landscape is a very exciting place at the moment, which has barely begun to realise its full potential.
One example is a Lionel Messi NFT, which was released on August 20 and consists of four pieces portraying the Argentinian star in various ways, including a bionic form.
As mainstream entertainment begins to merge into the NFT market, people will soon experience art and entertainment on a whole new level.