Significant developments continue in the cryptocurrency market, and important advancements in the blockchain sector are making headlines. Accordingly, Ethernity, an NFT-focused blockchain company, announced the Ethernity Chain network to the public today through a series of tweets. The most notable feature in the Ethereum Layer-2 network has been the focus on artificial intelligence-driven security solutions.
Ethernity Team Takes a Step with Layer-2Ethereum Layer-2 project Ethernity Chain is drawing attention with its artificial intelligence-focused security measures. The new Layer-2 network, a project focused on entertainment, will be supported by Ethernity’s native token, ERN. The team announced this development on the social media platform X with a series of tweets accompanied by a video featuring famous footballer Lionel Messi.
In the series of tweets, the Ethernity team stated that they expect the global entertainment and media market value to reach $3.5 trillion by 2030. Declaring themselves pioneers in the field with AI-driven security solutions, the team introduced the new Layer-2 network with enhanced security developed through artificial intelligence, integration solutions, low transaction fees, and 100% EVM compatibility. The continuation of the tweet series also highlighted GameFi projects that will be part of the ecosystem, indicating promising developments in this area. Following these developments, the ERN token rose by 20%, attracting attention.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethernity, an NFT-focused blockchain platform, has announced its new Ethernity Chain network to the public, leading to a 16% surge in the ERN token price. This enormous price leap came soon after the introduction of an innovative Layer 2 solution on the Ethereum blockchain, with strong security measures powered by AI.
The Layer 2 network is entertainment brand focused, and the new improvements make Ethernity Chain the leading platform for brands to move into the Web3 environment on a global scale.
Introducing Ethernity Chain, an ETH Layer 2 with enhanced AI-driven security, setting new standards for on-chain entertainment. All powered by $ERN
Welcome to the Future of Entertainment
A thread 🧵[1/8] pic.twitter.com/ezlWYQVUCA
— ETHERNITY (@EthernityChain) May 7, 2024
Ethernity’s AI-Powered Security and Plug-and-Play Toolkit The Ethernity Chain’s development centers on its emphasis on advanced AI security functions. The chain’s AI functionalities include integrated Digital Rights Management (DRM) controls that help preserve intellectual property (IP) and address counterfeit asset trading. This type of security model provides a safe environment for global brands and their customers, protecting proprietary data.
Additionally, Ethernity Chain offers a plug-and-play toolkit that intends to reduce the barrier of entry for global entertainment brands that want to operate on the blockchain.
Using no-code tools, companies can seamlessly integrate their IP and grow tokens, digital collectibles, and other Web3 applications such as marketplaces and games.
Lower Gas Fees and Seamless EVM Compatibility The Ethernity Chain network is designed to be an eco-friendly place for development and utilization purposes, helping to reduce gas fees, promote sustainability, and lower costs. This method is in line with the growing need for eco-friendly solutions in the blockchain, and the initiative’s objective is to attract developers by minimizing economic limitations.
Ethernity Chain is also 100% Ethereum Virtual Machine (EVM) compatible, seamlessly integrating into current standards such as tokens, NFTs, and decentralized finance (DeFi) smart contracts. Such compatibility allows the current developers of Web3 to migrate their projects seamlessly into Layer 2 without much alteration.
ERN Price Surge Following the announcement of the Layer 2 network, the ERN token surged by 16%, with a live price of $5.19 at the time of writing. The 24-hour trading volume reached over $41 million after rising by 260.76%, reflecting growing investor interest, while the market cap exceeded $106 million with a 15% rally.
At the same time, several new projects will be launched on the Ethernity Chain, along with FanableApp, the marketplace for Real-World Assets (RWAs), and Exorians, a next-gen sci-fi game. All these projects and applications from the key industry teams will exploit the full functionalities of Ethernity Chain and its support.
Ethernity is already known for its collaborations with world-renowned names like Lionel Messi and Shaquille O’Neal, and it plans to develop its ecosystem further with bigger entertainment companies.
Co-CEO Nick Rose Ntertsas pointed out that transforming the platform into a Layer 2 solution will “transform how entertainment brands interact with their audience using Web3 technologies.”
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Ethernity is a platform that offers authenticated and licensed NFTs featuring well-known figures such as Lionel Messi and Shaquille O’Neal. It has announced a Layer-2 solution on the Ethereum blockchain.
This development aims to address the challenges faced by major brands in adopting blockchain technology.
Ethernity Unveils Layer-2 BlockchainThe new Ethernity Chain Layer-2 solution will enhance privacy, lower transaction costs, and simplify user interfaces. It will include security measures and utilize AI for implementing Digital Rights Management (DRM) controls. This aims at preventing counterfeit trading and protecting creators’ intellectual property.
Nick Rose Ntertsas, Co-Chief Executive Officer at Ethernity, stated that the move to Layer-2 will improve how entertainment brands engage with their audiences using Web3 technologies. He highlighted the intention to offer developers a more navigable, sustainable, and secure environment.
“Our goal is to revolutionize how entertainment brands engage with their audiences through Web3 technologies. With this evolution into a Layer-2, we are expanding our capabilities and providing a navigable, sustainable, and secure environment for brands to create cutting-edge entertainment products and experiences,” Ntertsas stated.
Read more: Layer 1 vs. Layer 2: What Is the Difference?
Ethernity Chain has been recognized for its role in NFT, particularly with licensed digital collectibles. The upgrade to Layer-2 is designed to enhance privacy and improve overall engagement and interaction within the entertainment industry.
The solution includes AI-driven security features, reduced gas fees, and full compatibility with the Ethereum Virtual Machine (EVM). This facilitates easier access for users and global entertainment brands.
Introducing Ethernity Chain, an ETH Layer 2 with enhanced AI-driven security, setting new standards for on-chain entertainment. All powered by $ERN
Welcome to the Future of Entertainment
A thread 🧵[1/8] pic.twitter.com/ezlWYQVUCA
— Ethernity – The Entertainment L2 (@EthernityChain) May 7, 2024 Looking ahead, Ethernity is preparing to launch several projects on this new infrastructure, including the Fanable App, a marketplace for real-world asset collectibles set to be available on mobile platforms soon. Exorians, a new sci-fi franchise and Web3 game, and 0xLoans, a peer-to-peer lending protocol using NFTs as collateral, are part of their upcoming initiatives.
This strategic move could impact how the entertainment sector integrates with Web3 technologies, offering new opportunities for both enthusiasts and brands.
[PRESS RELEASE – Los Angeles, United States, July 31st, 2024]
Ethernity, a pioneer in blockchain entertainment technology, announces the launch of its testnet for Ethernity Chain, a Layer 2 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 web3 abstracting away the complexities. Enhanced by AI-powered Digital Rights Management (DRM), 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, governance tapping into a vibrant ecosystem counting over 20 chains, 800+ Apps, and $16B TVL, leveraging Optimism’s OP Stack, deployed and hosted by Gelato RaaS.
“By joining the Superchain, Ethernity becomes part of a community of builders dedicated to scaling Ethereum and giving back to the ecosystem,” said Urv Goel, VP and Head of Global Business Development at Optimism Unlimited. “We look forward to supporting Ethernity as they continue to innovate at the intersection of Web3 and entertainment.”
The Ethernity Layer 2 testnet is now live, empowering developers to explore, build, 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, RWA collectibles and interactive media projects have already partnered with Ethernity, with announcements of their launches lined up in the next few weeks.
“Joining the Superchain ecosystem with the launch of Ethernity Chain marks a significant milestone for us,” said Marcelo Pham, Co-Founder and Chief Engineer of Ethernity. “Our goal is to bridge the gap between traditional entertainment and blockchain technology, providing a platform where major brands can thrive and innovate.”
Ethernity Chain is supported by a network of partners committed to delivering top-tier tooling and infrastructure for developers. Ethernity Layer 2 is deployed and managed on Gelato RaaS Platform. In addition to chain infrastructure, Gelato is set to service the new Layer 2 with its suite of Web3 Cloud Services enabling zero gas UX, connect Ethernity Apps to any web2 API and bring verified onchain randomness for fair onchain sweepstakes and dynamic NFT creation. Further 3rd party infrastructure integrations will be announced soon covering everything from social logins for easy access, credit card payments, bridges, indexers and more with an aim to launch on mainnet with use-case specific developer tooling enabling entertainment brands onboard the next wave of mainstream users.
“The entertainment industry is ripe for disruption by blockchain technology, and Gelato RaaS is proud to support Ethernity’s vision coming to life” said Luis Schliesske, co-founder of Gelato. “Our Rollup-as-a-Service platform and our suite of native integrations ensure that Ethernity can focus on building and scaling their products, while we handle the underlying technical complexities.”
To further support the developer community, Ethernity will soon launch a Grant Program, providing funding and resources to build on the Ethernity L2. This program will offer marketing, business development, technical support, and investor connections, ensuring developers have the tools they need to succeed.
The launch of the Ethernity testnet follows the success of Ethernity’s initiatives in bringing renowned entertainment icons like Lionel Messi and Shaquille O’Neal onto the blockchain. Ethernity Chain aims to continue this legacy by creating a robust and scalable environment for the next generation of entertainment.
For more information about Ethernity and to join the testnet, users can visit www.ethernity.io.
About Ethernity Ethernity is an Ethereum Layer 2 solution designed specifically for global entertainment brands. It features built-in AI-powered security and Digital Rights Management (DRM) to protect intellectual property on-chain. Leveraging its robust infrastructure and partnerships, Ethernity is set to become the premier web3 entertainment ecosystem, providing a secure, eco-friendly, and intuitive platform for the next generation of entertainment and enterprise products.
For more information, users can visit Ethernity’s: Official Website | Telegram | Twitter
About Optimism Optimism is a project dedicated to scaling Ethereum’s technology and expanding its ability to coordinate people from across the world to build effective, decentralized power structures. The Optimism Collective builds best-in-class software for running L2 blockchains and aims to address key governance and economic challenges in the wider crypto ecosystem. The Optimism Collective is also committed to building a sustainable ecosystem through Retroactive Public Goods Funding. By rewarding the impactful projects, Optimism is scaling Ethereum’s present to provide funding for its future.
For more information, users can visit Optimism’s: Official Website | Twitter
About Gelato Gelato is an all-in-one Ethereum Rollup as a Service Platform built without limits. Designed to be super-fast, incredibly secure, and infinitely scalable, Gelato rollups allow anyone to build and deploy their fully serviced Layer 2 chains at a pace natively integrated with Web3’s favorite tools and services launching a production-ready web3 development environment from the Genesis block.
For more information, users can visit Gelato’s: Official Website | Telegram | Twitter
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 platform where major brands can thrive and innovate.”
Ethernity Chain is supported by a network of partners committed to delivering top-tier tooling and infrastructure for developers. Ethernity layer two is deployed and managed on Gelato RaaS Platform.
In addition to chain infrastructure, Gelato is set to service the new layer two with its suite of Web 3.0 cloud services enabling zero gas UX, connect Ethernity apps to any Web 2.0 API and bring verified on-chain randomness for fair on-chain sweepstakes and dynamic NFT creation.
Further third-party infrastructure integrations will be announced soon, covering everything from social logins for easy access, credit card payments, bridges, indexers and more, with an aim to launch on mainnet with use case specific developer tooling enabling entertainment brands onboard the next wave of mainstream users.
Luis Schliesske, co-founder of Gelato, said,
“The entertainment industry is ripe for disruption by blockchain technology, and Gelato RaaS is proud to support Ethernity’s vision coming to life. Our [RaaS] platform and our suite of native integrations ensure that Ethernity can focus on building and scaling their products while we handle the underlying technical complexities.”
To further support the developer community, Ethernity will soon launch a grant program, providing funding and resources to build on the Ethernity layer two.
This program will offer marketing, business development, technical support and investor connections, ensuring developers have the tools they need to succeed.
The launch of the Ethernity testnet follows the success of Ethernity’s initiatives in bringing renowned entertainment icons like Lionel Messi and Shaquille O’Neal onto the blockchain.
Ethernity Chain aims to continue this legacy by creating a robust and scalable environment for the next generation of entertainment.
For more information about Ethernity and to join the testnet, users can visit the website.
About Ethernity Ethernity is an Ethereum layer two solution designed specifically for global entertainment brands. It features built-in AI-powered security and DRM to protect intellectual property on-chain.
Leveraging its robust infrastructure and partnerships, Ethernity is set to become the premier Web 3.0 entertainment ecosystem, providing a secure, eco-friendly and intuitive platform for the next generation of entertainment and enterprise products.
For more information, users can visit Ethernity’s links below.
Website | Telegram | X
About Optimism Optimism is a project dedicated to scaling Ethereum’s technology and expanding its ability to coordinate people from across the world to build effective decentralized power structures.
The Optimism collective builds best-in-class software for running layer two blockchains and aims to address key governance and economic challenges in the wider crypto ecosystem.
The Optimism collective is also committed to building a sustainable ecosystem through retroactive public goods funding.
By rewarding the impactful projects, Optimism is scaling Ethereum’s present to provide funding for its future.
For more information, users can visit Optimism’s links below.
Website | X
About Gelato Gelato is an all-in-one Ethereum Raas platform built without limits.
Designed to be super-fast, incredibly secure and infinitely scalable, Gelato rollups allow anyone to build and deploy their fully serviced layer two chains at a pace natively integrated with Web 3.0’s favorite tools and services launching a production-ready Web 3.0 development environment from the Genesis block.
For more information, users can visit Gelato’s links below.
Ethernity Chain Coin (ERN) is a cryptocurrency operated on the Ethereum blockchain.
What is Ethernity Chain (ERN)?Ethernity Chain (ERN) is a blockchain-based platform that allows users to capitalize on the growing popularity of NFTs. Developers describe this platform as a DeFi project with authenticated NFTs. Within the Ethernity Chain ecosystem, all NFTs can be bought and sold on-chain.
The ERN project was financed on the Polkastarter platform on March 8, 2021. The project created favorable conditions to increase the value of the ERN token for all active community members. Before the launch of the ERN Coin, Ethernity received a series of strategic investments backed by Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock, and Genesis Block Ventures.
Ethernity collaborates with leading names in the music and entertainment industries to popularize NFT-based digital art and advance its charitable goals. Ethernity Chain provides funds for charities while promoting the artworks or tokens of celebrities. The platform offers artists, brands, and developers maximum user experience with ease of use in NFT transactions.
Founded by Nick Rose Ntertsas, Ethernity Chain explores the opportunities NFTs can provide to charities. Nick Rose Ntertsas is the CEO and founder of Ethernity Chain. He also serves as the Chief Digital Officer at Global Wildlife Conservation. Before this, he founded the 10x Capital fund in Greece.
Where to Buy ERN Coin?ERN Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. Ethernity Chain Coin trades on the Binance platform in the ERN/BNB, ERN/BUSD, and ERN/USDT pairs.
To purchase ERN Coin, one must first become a member of the Binance exchange. Once the membership is completed, cryptocurrency or fiat currency should be transferred to the Binance account wallet. After the transfer is completed, ERN Coin can be purchased from the three pairs mentioned above. For buying from the ERN/USDT trading pair, first, navigate to the interface of this pair. In the limit section of the ERN/USDT interface, enter the amount you wish to purchase. After specifying the amount, execute the purchase order by clicking the Buy ERN command.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Los Angeles, United States, September 10th, 2024, Chainwire
Ethernity, the leading entertainment-focused Layer 2 blockchain solution, proudly announces a $10 million grant program dedicated to revolutionizing the entertainment and creator economy through development of Ethernity’s Layer 2. This substantial investment aims to support developers, founders, and startups building the future of digital entertainment on the Ethernity Layer 2 ecosystem.
Fuelling Innovation in Entertainment and the Creator Economy
The Ethernity Grant Program is designed to fuel groundbreaking projects that elevate the entertainment landscape, offering financial support, strategic mentorship, and valuable business resources. By focusing on enhancing the creator economy, Ethernity empowers brands and founders to leverage blockchain technology for new levels of engagement, security, and monetization.
Program Focus Areas:
Games and Entertainment Products: Innovative games and interactive experiences that push the boundaries of digital entertainment. Blockchain Infrastructure: Tools, protocols, and infrastructure enhancements that strengthen the Ethernity ecosystem for entertainment applications. Entertainment Infrastructure: Projects that integrate global entertainment brands with blockchain, enabling new business models and fan experiences. DeFi Tools: Financial applications tailored to the needs of the entertainment industry, providing new ways to monetize and secure digital assets. RWA’s and Collectibles: Cutting-edge digital assets and marketplaces that redefine ownership and engagement. Education and Outreach: Initiatives that promote blockchain adoption and educate the creator community. How to Apply
The program is open globally to developers, startups, and organizations whose projects align with Ethernity’s mission to disrupt the entertainment industry through innovative products. Applicants are encouraged to submit detailed proposals outlining their project objectives, milestones, and potential impact.
What Grant Recipients Will Receive
Grant recipients will receive financial backing to accelerate project development, access to mentorship from entertainment and blockchain experts within Ethernity’s network, and support with marketing and PR to enhance visibility. They will also benefit from technical resources, including tools, SDKs, and dedicated technical support, as well as opportunities to connect with venture capitalists for further investment and growth.
“Ethernity is committed to fostering a dynamic ecosystem that supports the next generation of entertainment and creator-focused technologies,” said Nick Rose Ntertsas, CEO of Ethernity. “This $10 million grant program is a significant step in empowering innovators and creators to bring their visions to life on the blockchain.”
For More Information and Application Details
Developers, creators, and organizations are invited to apply for the Ethernity Grant Program and join a pioneering movement to transform entertainment and the creator economy through blockchain technology.
For more information and to apply, users can visit https://www.ethernity.io/grants
About Ethernity
Ethernity is a Layer 2 blockchain solution designed specifically for the entertainment industry and the creator economy. It offers AI-powered security and Digital Rights Management (DRM) to protect intellectual property on-chain. With a robust infrastructure and strong partnerships, Ethernity is poised to become the leading web3 platform for entertainment, providing a secure, scalable, and user-friendly environment for creators and brands.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
[PRESS RELEASE – Los Angeles, United States, September 10th, 2024]
Ethernity, the leading entertainment-focused Layer 2 blockchain solution, proudly announces a $10 million grant program dedicated to revolutionizing the entertainment and creator economy through development of Ethernity’s Layer 2. This substantial investment aims to support developers, founders, and startups building the future of digital entertainment on the Ethernity Layer 2 ecosystem.
Fuelling Innovation in Entertainment and the Creator Economy
The Ethernity Grant Program is designed to fuel groundbreaking projects that elevate the entertainment landscape, offering financial support, strategic mentorship, and valuable business resources. By focusing on enhancing the creator economy, Ethernity empowers brands and founders to leverage blockchain technology for new levels of engagement, security, and monetization.
Program Focus Areas:
Games and Entertainment Products: Innovative games and interactive experiences that push the boundaries of digital entertainment. Blockchain Infrastructure: Tools, protocols, and infrastructure enhancements that strengthen the Ethernity ecosystem for entertainment applications. Entertainment Infrastructure: Projects that integrate global entertainment brands with blockchain, enabling new business models and fan experiences. DeFi Tools: Financial applications tailored to the needs of the entertainment industry, providing new ways to monetize and secure digital assets. RWA’s and Collectibles: Cutting-edge digital assets and marketplaces that redefine ownership and engagement. Education and Outreach: Initiatives that promote blockchain adoption and educate the creator community. How to Apply
The program is open globally to developers, startups, and organizations whose projects align with Ethernity’s mission to disrupt the entertainment industry through innovative products. Applicants are encouraged to submit detailed proposals outlining their project objectives, milestones, and potential impact.
What Grant Recipients Will Receive
Grant recipients will receive financial backing to accelerate project development, access to mentorship from entertainment and blockchain experts within Ethernity’s network, and support with marketing and PR to enhance visibility. They will also benefit from technical resources, including tools, SDKs, and dedicated technical support, as well as opportunities to connect with venture capitalists for further investment and growth.
“Ethernity is committed to fostering a dynamic ecosystem that supports the next generation of entertainment and creator-focused technologies,” said Nick Rose Ntertsas, CEO of Ethernity. “This $10 million grant program is a significant step in empowering innovators and creators to bring their visions to life on the blockchain.”
For More Information and Application Details
Developers, creators, and organizations are invited to apply for the Ethernity Grant Program and join a pioneering movement to transform entertainment and the creator economy through blockchain technology.
For more information and to apply, users can visit https://www.ethernity.io/grants
About Ethernity Ethernity is a Layer 2 blockchain solution designed specifically for the entertainment industry and the creator economy. It offers AI-powered security and Digital Rights Management (DRM) to protect intellectual property on-chain. With a robust infrastructure and strong partnerships, Ethernity is poised to become the leading web3 platform for entertainment, providing a secure, scalable, and user-friendly environment for creators and brands.
TLDR: MrBeast allegedly involved in multiple crypto “pump and dump” schemes between 2021-2024, potentially earning over $23M Over 50 crypto wallets linked to MrBeast show pattern of buying tokens pre-launch, promoting them, then selling at peak Projects include SuperVerse ($7.5M profit), Ethernity Chain ($4.6M profit), and several others Investigation reveals connections to network including KSI and Alex Becker Many promoted tokens lost 95-99% of value after MrBeast and associates sold holdings Popular YouTuber Jimmy “MrBeast” Donaldson faces allegations of participating in cryptocurrency trading schemes that netted over $23 million in profits through a network of more than 50 wallets, according to blockchain researchers and analysts.
A detailed report by Loock.io, supported by multiple crypto researchers including @hxnterson and @somaxbt, traced MrBeast’s cryptocurrency activities from 2021 to 2024. The investigation uncovered patterns of buying tokens before public launch, promoting them through social media, and selling holdings at peak prices.
🚨 BREAKING: MrBeast investigated for ties to 50+ crypto wallets linked to potential insider trading, netting over $23M in total profits. pic.twitter.com/PjcgrdkX4q
— Cointelegraph (@Cointelegraph) October 30, 2024
The largest profits came from SuperVerse (formerly SuperFarm), where blockchain data shows MrBeast received 1 million tokens pre-launch. Through a series of coordinated sales across multiple wallets, these holdings generated approximately $7.5 million in profit.
Similar patterns emerged with Ethernity Chain (ERN), where MrBeast’s wallets received early allocations and sold holdings for $4.6 million in profit. The investigation identified transactions across multiple projects including AIOZ ($1 million profit), SHOPX ($484,000 profit), and others.
Researchers point to MrBeast’s network of associated content creators and crypto figures, including KSI and Alex Becker, who showed similar trading patterns. Many promoted tokens lost 95-99% of their value after MrBeast and associates sold their holdings.
The investigation identified MrBeast’s primary wallet (0x9e67D018488aD636B538e4158E9e7577F2ECac12) through public NFT purchases and project allocations. From this main address, researchers traced connections to over 50 other wallets showing coordinated trading activity.
Blockchain data reveals a pattern where tokens would flow from project teams to MrBeast’s main wallet, then distribute to secondary wallets which would sell holdings gradually. Many sales occurred near market peaks before tokens experienced steep declines.
One notable example is the SUPER token, where on-chain data shows MrBeast received pre-launch allocations worth about $100,000. These tokens were later sold across multiple wallets for over $7.5 million as the price peaked, before falling over 99%.
The report details MrBeast’s involvement with several crypto projects that used his name and likeness for promotion. Projects like PlayMetaGods and MetaWars featured MrBeast as an investor on their websites and marketing materials.
A wallet labeled “BobbieDigital” emerged as a key part of the operation, handling millions in token sales across multiple projects. This wallet often received large token transfers from MrBeast’s main address before distributing them for sales.
The investigation uncovered regular interactions with crypto exchange deposits, particularly on Gemini and Binance. Many of the identified wallets shared common deposit addresses, helping researchers confirm their connections.
Data shows most profitable trades occurred in 2021, with some activity continuing through 2024. Several wallets remain active with unsold token allocations from various projects.
Technical analysis of the trades shows sophisticated timing, with most sales occurring during periods of high liquidity and price peaks. This suggests coordination and insider knowledge of promotional activities.
The trading patterns often aligned with social media promotion from MrBeast’s network. When associates like KSI would promote a token, blockchain data shows coordinated selling activity across multiple connected wallets.
Most projects connected to these trades have seen dramatic price declines, with many tokens losing over 95% of their value. Retail investors who purchased during promotion periods likely experienced heavy losses.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Cryptocurrency exchange Binance again echoed a buzz across the broader market on Friday, revealing plans to support the Ethernity Chain token swap and rebranding. In the midst of the crypto exchange giant’s latest market aid, the ETH Layer 2 platform with AI capabilities saw its native token ERN price skyshot nearly 30%.
Binance Unveils Support For Ethernity Chain Token Swap; Here’s All You Need To Know In an official release dated February 28, Binance revealed that it is extending support for the ERN token swap and rebranding. As per the announcement, the exchange will support the revamping of the Ethernity Chain to Epic Chain (EPIC).
Here’s What Traders Should Know: Notably, all existing ERN spot trading pairs will be wiped out on March 10 at 03:00 UTC. Further, the exchange will also cancel all pending spot trading orders for the same.
Subsequently, the crypto trading platform will commence trading for EPIC/USDT trading pairs starting March 13 at 08:00 UTC.
What’s More? Deposits and withdrawals of ERN tokens are to be suspended starting March 10 at 03:30 UTC. Further, deposits for EPIC tokens will start on March 13 at 07:00 UTC.
Binance also notified users that it would make a separate announcement to notify users when withdrawals for the new rebranded token have opened. Ethernity Chain tokens will no longer be supported after the token swap event concludes.
“All ERN tokens will be swapped to EPIC at a ratio of 1 ERN = 1 EPIC,” the leading crypto exchange clarified. Trading bot services and spot copy trading services on the platform will also be impacted accordingly.
What Other Binance Trading Services Will Stop For ERN? Also, the crypto exchange will eliminate ERN from Cross and Isolated Margin offerings on March 6 at 06:00 UTC. However, effective immediately, users will no longer be able to transfer any amount related to ERN Cross and Isolated Margin into their Margin account.
Additionally, Flexible Rates and VIP Loan services for the same are to be knocked off on March 6 at 03:00 UTC. Starting March 7 at 03:00 UTC, Simple Earn services and subscriptions will also be removed for the former token. For more details on the token swap and rebranding saga, traders can move on to the crypto project’s official announcement.
ERN Price Shoots Up 30% Amid the CEX’s enhanced market support, ERN price witnessed a 31% uptick in value, exchanging hands at $1.67. The coin hit a bottom and a peak of $1.18 and $1.80 in the past 24 hours. Traders also appear to have reacted positively to the token swap and rebranding announcement, as signaled by a whopping 514% surge in the asset’s intraday trading volume to $41.58 million.
Overall, the broader market sentiment surrounding the ETH Layer 2 platform with AI capabilities appears to be optimistic amid recent advancements. Enhanced market support by leading crypto exchange giants often propels a bullish impact on price.
In another similar chronicle, KAITO emerged as the recent buzz of the crypto market as it secured a stockpile of listings on Coinbase and Binance. In turn, the crypto witnessed a phenomenal price rally, sparking similar investor optimism over the Ethernity Chain (ERN) token swap and rebranding.
Cryptocurrency exchange Binance has officially announced the rebranding of Ethernity Chain’s ERN tokens to be known as EPIC. The platform will halt transactions involving the old ERN tokens and integrate the new token into its trading system. The token exchange process will occur within specified dates, and updates will be implemented at certain times during trading services.
Token Exchange Schedule and Service ChangesIn an official announcement dated February 28, Binance stated that all trading pairs for ERN tokens will be removed on March 10 at 03:00 UTC. Withdrawal operations for the tokens will be suspended starting at 03:30 UTC on the same day. Deposits for the new EPIC tokens will begin on March 13 at 07:00 UTC, while the EPIC/USDT trading pair will start trading on the same day at 08:00 UTC.
Additionally, Binance has revealed that as of March 6, ERN tokens will be removed from margin trading (Cross and Isolated Margin). On the same date, flexible rate and VIP lending services will be terminated. The Simple Earn service will be disabled on March 7. These regulations may also impact automated trading bots and copy trading services.
Market Response and Price MovementsFollowing Binance’s announcement, there was a sudden spike in the price of ERN tokens. The token value increased by 31% within 24 hours, reaching $1.67. During this period, trading volume surged by 514%, showing significant momentum.
The cryptocurrency market has responded positively to Ethernity Chain’s token exchange. Users view this transition as a favorable step for the project’s future. Binance’s support for large token exchange processes is seen as a notable example of the platform’s impact on the market.
With this announcement from Binance, updates to other trading services on the platform are also expected. Users should monitor upcoming changes to stay informed about their account statuses.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
