Ethernity Raises $20 Million to Build out its Ecosystem

Celebrity focused NFT protocol, Ethernity, has raised an astounding $20 million via its latest round of seed funding. As a result, it will expand its operations to cover a wider range of Web3 products.

The money was raised through a number of individual investors, venture capital firms and blockchain companies. Thomas Vu, Michael Rubin, Black Edge Capital, Ripple, Algorand, and Polygon Studios and many others all played their part. As a result, Ethernity has launched its umbrella platform, Ethernal Labs, a new branch of operations which will oversea its wider Web3 development.

GM World! 👋

— Ethernal Labs (@ethernallabs) February 10, 2022

Ethernal Labs will build out a veritable suite of NFT and blockchain applications, taking the platform from a singular marketplace, to an all-in-one Web3 ecosystem. Plans include several marketplaces, celebrity fan tokens, avatars, an open metaverse, and an entire play-to-earn gaming sphere.

Furthermore, to keep things ticking over, Ethernal Labs will link up with the Ethernity Chain’s native token. Therefore, $ERN will provide governance and stability to the platform, paving the way for a meteoric rise throughout the coming year.

Learn more about Ethernal Labs >> Here

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.