Crypto Updates

Ethernity Launches the First Entertainment-Focused Layer Two Chain on Optimism’s Superchain

Ethernity Launches the First Entertainment-Focused Layer Two Chain on Optimism’s Superchain

July 31, 2024 – Los Angeles, United States


Ethernity a pioneer in blockchain entertainment technology announces the launch of its testnet for Ethernity Chain, a layer two solution purpose-built for Fortune 500 entertainment brands.

This launch positions Ethernity Chain as the entertainment layer within Optimism’s Superchain ecosystem, joining industry leaders such as Coinbase’s ‘Base,’ Worldcoin, Zora and Camp Network.

The Superchain is a network of chains that share a common tech stack Optimism’s OP stack and contribute protocol fees back to the Optimism collective.

Ethernity Chain is uniquely designed to address the challenges faced by the global entertainment industry in adopting blockchain technology, packed with consumer-first infrastructure that harnesses all the benefits of Web 3.0 abstracting away the complexities.

Enhanced by AI-powered DRM (Digital Rights Management), Ethernity Chain ensures robust IP protection, crucial for safeguarding users’ on-chain assets.

Ethernity launches its testnet on Optimism’s Superchain a unified network of chains with shared liquidity, security, communication and governance tapping into a vibrant ecosystem counting over 20 chains, more than 800 apps and $16 billion TVL (total value locked) leveraging Optimism’s OP stack, deployed and hosted by Gelato RaaS (rollup-as-a-service).

Urv Goel, vice president and head of global business development at Optimism Unlimited, said,

“By joining the Superchain, Ethernity becomes part of a community of builders dedicated to scaling Ethereum and giving back to the ecosystem. We look forward to supporting Ethernity as they continue to innovate at the intersection of Web 3.0 and entertainment.”

The Ethernity layer two testnet is now live, empowering developers to explore, build and test their applications ahead of the mainnet launch.

Ethernity is actively onboarding products into its ecosystem and a number of entertainment applications like games, NFTs (non-fungible tokens), RWA (real-world asset) collectibles and interactive media projects have already partnered with Ethernity, with announcements of their launches lined up in the next few weeks.

Marcelo Pham, co-founder and chief engineer of Ethernity, said,

“Joining the Superchain ecosystem with the launch of Ethernity Chain marks a significant milestone for us. Our goal is to bridge the gap between traditional entertainment and blockchain technology, providing a…

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