The NFT DeFi crossover project Ethernity Chain has announced its launch on the decentralized fundraising platform Polkastarter. The NFT platform has also opened its investment to the public through an IDO partnership with Polkastarter by opening the sale of Ethernity Chain’s native currency, $ERN token. Ethernity has further completed its private fundraising round from investors such as Morningstar Ventures, Black Edge Capital, Spark, Woodstock, and GBV.
The platform has been created by early Bitcoin investor Nick Rose Ntertsas. By conducting the public sale of its ERN token on Polkastarter, Ethernity’s community will have a chance to participate in the rapidly expanding NFT sector.
Notable public figures have endorsed the authenticated NFTs. Each of the tokens represents different forms of artwork within Ethernity Chain’s collection. Meanwhile, a percentage of all the funds raised will be provisioned for charitable causes.
Among them, Ethernity has partnered with the Winklevoss twins Cameron and Tyler, Swedish DJ and record producer Alesso, sports tycoon Michael Rubin, soccer players Christian Vieri and Paolo Maldini, and others to promote collectible works by digital artists including Mad Dog Jones, Bosslogic, Klarens, and many others.
The NFT market has recorded nearly $100 million in sales over the past 30 days. In addition, several NFTs have catched considerable attention including YouTuber Logan Paul, whose NFT raised $3.5 million for 1,772 tokens in just one day.
In the Ethernity Chain ecosystem, all the NFTs are purchasable and tradable on-chain. The NFT platform combines the power of DeFi and NFT tech to create rare and collectible content from prominent figures and well-established digital artists.
Polkastarter is a fully decentralized protocol built for cross-chain token pools and auctions. The platform enables projects like Ethernity Chain the ability to raise capital on the Polkadot network. The protocol allows a lower token holder risk with increased earnings and rewards potential through a decentralized and interoperable environment.