Ethernity (ERN)

The exchange rate of one ERN at 14:01 UTC is 4.415$

Chart | Average rate

Faced with uncertainty about the authenticity of NFTs, Ethernity Chain has come up with a proposal to ensure the authenticity of these crypto assets. In practice, it is a blockchain-based platform that issues authenticated non-fungible tokens (aNFTs).

The “Ethernity” network was created by Nick Rose Ntertsas on March 8, 2021 with funding through the crowdfunding system on the Polkastarter website. Its main goal is to bring innovation and security to digital art and NFTs. In addition, the network helps determine the value of these items.

She works in partnership with famous brands, sports legends, entertainment industry personalities and digital artists. These artists provide their work to Ethernity, which creates aNFT limited editions, which are then sold at auction.

In addition, artists participating in the Ethernity Chain may donate a portion of the proceeds from the aNFT sale to a charity of their choice. In this way, the network creates close links between artists and influencers with charity activity and philanthropy.

One of the platform's partnerships was with the “king of football” – Pele. Regarded as the greatest footballer of all time, Pele’s collection has been created with collectible digital cards (aNFT). About 90% of the proceeds from the sale of these digital assets went to the “Pele10” charitable foundation.

How to buy digital assets traded on Ethernity Chain?

If someone is interested in acquiring aNFTs traded on the Ethernity Chain platform, then it is necessary to buy their cryptocurrency, the “Ethernity Chain Token” (ERN). It can be purchased from centralized exchanges like Binance or decentralized exchanges like Uniswap.

Its operation is similar to that of other cryptocurrencies – such as Bitcoin or Ethereum – and is also based on blockchain technology. A total of 30 million Ethernity Chain (ERN) will be issued. However, as of January 2022, there were already over 11 million coins in circulation.

In addition to being used in acquisitions, the Ethernity Chain (ERN) token can be used for farming and participation in liquidity pools (staking). These processes are alternatives for cryptocurrency mining, that is, they are the means of generating new coins.

However, if one intends to invest in this market, one needs to be aware of the risks. In Russia, there are still no regulations governing the trading of cryptocurrencies. After all, you have to be associated with exchanges, often foreign ones, which do not follow any legislation.

This means that if there are difficulties or problems with any transactions, the user may be helpless and not get their money back. Thus, in order to invest in NFTs or aNFTs, one must have a higher risk appetite.

How to invest in NFTs safely?

If someone is interested in cryptocurrency investments, but does not want to risk their capital through foreign companies, they can find alternatives in the domestic market. We are talking about the presence of investment funds focused on the cryptocurrency market.

The advantage of these alternatives is that these funds have institutional protection.

Find out more about available alternatives!

• Cryptocurrency funds

On the platforms of the best banks, you can find investment funds that invest in cryptocurrencies. These funds are collective funds formed by pooling the capital of several investors.

The fund’s assets are managed by a professional manager who forms a portfolio of assets in accordance with established goals. Cryptocurrency fund portfolio exposure typically ranges from 20% to 100%.

Therefore, it is important to check the slide to determine the strategies adopted and to find the fund that best suits its profile and goals.

• ETF

Exchange-traded funds (ETFs) are also investment funds and operate similarly to others. However, their goals are different because ETFs are passively managed - that is, they tend to mirror the performance of the market index.

In this sense, the manager builds the fund’s portfolio based on the same assets that make up the theoretical portfolio of the chosen benchmark. Currently, you can find ETFs based on cryptocurrency indices.