NFT Platform Ethernity to Launch IDO on Polkastarter

Ethernity, the digital platform building an NFT ecosystem, has announced plans to launch on the decentralized fundraising platform Polkastarter. The team will conduct a public sale of its ERN token on the permissionless DEX for cross-chain pools and auctions to enable its community to participate in the ongoing NFT craze.

Ethernity To Go For a Polkastarter Launch

Ethernity is a platform exploring various applications for non-fungible tokens (NFTs) focused on charity, decentralized finance (DeFi), and art. Founded by the early BTC adopter Nick Rose Ntertsas, it allows celebrities and public figures to endorse digital artwork created by popular artists and participate in philanthropic endeavors.

The project announced its latest development in a press release shared with CryptoPotato. It reads that Ethernity will conduct a public sale of the ERN token on the Polkastarter platform on March 8th, 2021.

The idea is to enable community members wanting to take advantage of the rapidly expanding NFT boom to be actively involved using a native digital asset. The coin will work as the base currency of the Ethernity Chain.

The statement also highlighted that Ethernity recently completed a strategic investment round where it received backing from notable industry names. Those include Black Edge Capital, Morningstar Ventures, Woodstock, Genesis Block Ventures, and Spark Digital Capital. However, the project failed to disclose the raised amount.

Ethernity has already seen adoption and endorsement from several well-known individuals. As reported recently, the likes of Gemini’s co-founders, Tyler and Cameron Winklevoss, the DJs Alleso, Dimitri Vegas, and Like Mike, and the two Italian soccer legends Paolo Maldini and Christian Vieri received personal NFTs on the platform.

The Growth Of The NFT Sector

Apart from DeFi, NFT seems like the next big thing in the cryptocurrency field. The aforementioned famous names that joined the craze were just a small fraction of the celebrities participating in it.

Previously, YouTube star Paul Logan, Paris Hilton, and Hollywood stars William Shatner and Ashton Kutcher sold or raised hundreds of thousands of dollars in various NFT-related projects.

The auction house Christie’s also recently confirmed that it will start accepting Ether (ETH) as a payment option in its upcoming digital art auction. It will run from February 25th to March 11th on the Gemini cryptocurrency platform. Christie’s has a history with similar projects as it sold a digital portrait of the Bitcoin code for over $130,000 last year.