Let’s talk about Ethernity Chain which was launched on Uniswap yesterday

Let’s talk about Ethernity Chain which was launched on Uniswap yesterday

Ethernity Chain, which had its IDO only a few hours ago, was quickly launched on Uniswap yesterday. The price reached a high of nearly 12U. At the time of writing, the price fell back to 6.81U. Compared with the IDO of 0.275U, the maximum increase in just a few hours reached 42 times, once again allowing us to witness the madness of NFT.
1) What does Ethernity Chain do?
Ethernity Chain focuses on the issuance and auction of NFTs authorized by celebrities, who may come from entertainment industries such as film, music, and sports, and allows part of the sales revenue of these NFTs to be donated to charities.
Perhaps realizing the power of NFT, projects like Ethernity Chain have obviously been popular in the market, which is exactly the same as the wave of enthusiasm caused by NBA Top Shot mentioned in Sean's article "Can NBA Top Shot bring a new wave of NFT?"
2) The founder and CEO of the team is Nick Rose, see Figure 1, whose location is shown as the Cayman Islands. He has experience as an executive member of the Global Wildlife Conservation Association (see Figure 3); in addition, he has experience in protecting the Amazon rainforest through charity fundraising activities. Sean believes that these experiences can help Ethernity Chain inject more charitable meaning and help sign more well-known figures, especially many celebrities. If it is just a simple NFT auction, many people will probably not be interested.
3) Capital support: On February 19 this year, a round of strategic investment was completed from Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock, and Genesis Block. The specific investment amount is unknown.
4) Operational progress According to the information Sean has obtained, the official has announced that it has reached cooperation or announced the intention to cooperate with the well-known NFT artist Olive Allen (see Figure 4), graphic artist BossLogic (see Figure 5), and UFC event host and motivational speaker Bruce Buffer (see Figure 6).
5) Tokens According to Coingecko, Ethernity Chain has issued a total of 30 million ERNs, with a current circulation of 4.34 million, and a circulating market value of $33 million and a total market value of $228 million (based on the price of 6.81u at the time of posting). As for more detailed distribution plans and release plans, Sean learned that the official information has not yet been announced.
This article does not constitute any investment advice. Before making an investment decision, please be sure to conduct in-depth and detailed investigation and research on the project you are investing in. The cryptocurrency market is extremely risky, so you need to be especially cautious when entering the market.
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