Ethernity, a startup dedicated to exploring digital art through non-fungible tokens (NFTs) and the opportunity they provide for philanthropy and social good, has just announced it has concluded a strategic investment round that has helped it plant the seeds for the NFT ecosystem it is working on.
Among the investors are well-known companies committed to the decentralized finance (DeFi) and NFT markets such as Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock and Genesis Block Ventures.
Now the investment round is completed, Ethernity can focus on the public sale of its ERN token and its launch. While it is still unknown when this will happen as the company has not unveiled any dates yet, Ethernity has promised it will announce more news in the coming days through its public channels.
But, what are non-fungible tokens (NFT)? They are the new revolutionizing use case in the crypto industry that is being used in digital art sales rocketing and even traditional auction houses like Christie’s.
It must be noted that Ethernity has been working on the Ethernity Chain for quite a while and the arrival of its NFT ecosystem happens right when NFTs are going mainstream.
The company is working on a wide range of developments. For instance, it plans to announce new NFT art collections, created by leading artists, sprinkled with celeb stardust and all purchasable and tradable on-chain with a portion of all proceeds going to charity.
Ethernity acknowledges that while the support received from investors is essential, it is the community which will ultimately make Ethernity a game-changer for art ownership, digital scarcity, philanthropy and crypto collectibles.