Ethernity Switches to AI Enhanced Ethereum Layer 2 to Prevent Counterfeit Asset Trading
Ethernity Switches to AI Enhanced Ethereum Layer 2 to Prevent Counterfeit Asset Trading
Non-fungible token (NFT) platform Ethernity, said it has switched to an man made intelligence (AI) enhanced Ethereum Layer 2 community with new capabilities permitting the agency to combat counterfeit asset trading.
The Ethernity platform has authenticated and licensed NFTs for sports activities celebrities equivalent to footballer Lionel Messi and the four-time NBA champion and prolific ad pitchman Shaquille O’Neal. Ethernity Chain is a neighborhood-oriented platform that produces puny model authenticated NFTs by artists.
Ethernity said in its most stylish interactions with leisure brands the agency discovered one barrier to adoption became as soon as privacy, worth and complex interfaces. These concerns were addressed by the agency.
“Our diagram is to revolutionize how leisure brands have interaction with their audiences thru web3 technologies,” said Nick Rose Ntertsas, co-CEO at Ethernity in a press originate shared with CryptoNews.
“By evolving correct into a Layer 2, we’re now not only growing our capabilities but moreover providing a navigable, sustainable and exact atmosphere for brands to manufacture subsequent-gen leisure products and fan experiences,” provides Ntertsas
Ethernity’s Fresh Layer 2 Change
Ethernity said in its update it has reduced gasoline fees, and entails a shuffle-and-play toolkit, making it more straightforward for leisure brands to mix their franchises into the blockchain.
The as a lot as this point Ethernity Chain will consist of AI capabilities with complete Digital Rights Management (DRM) controls permitting the platform to combat counterfeit asset trading and present a exact atmosphere for both customers and styles.
NFTs Revolutionize the Thought of Sports Memorabilia
Over the years, NFTs were revolutionizing the plan of sports activities memorabilia from the NBA to mainstream soccer clubs and particular person athletes, NFTs play an active fair in sports activities merchandising.
In April, OKX, a number one global cryptocurrency exchange, teamed up with Manchester Metropolis to introduce commemorative soccer shirts that will also be minted as NFTs. The initiative, named “Unseen Metropolis Shirts,” items Manchester Metropolis fans, the reigning English soccer champions, with the different to fetch queer memorabilia and fetch thrilling prizes.
Barriers to Adoption
For the time being, there are no explicit regulations or rules which quilt NFTs but in some worldwide locations, there are restrictions spherical NFT-associated advertising and marketing. In 2023, it emerged that Portuguese soccer player Cristiano Ronaldo had been hit with a class-action lawsuit attempting for no now not as a lot as $1 billion in damages for his fair in promoting NFTs from the cryptocurrency exchange Binance.
Source : cryptonews.com
