Blockchain

Ethernity Chain Unveils $10 Million Grant Program to Empower Founders

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    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:

    1. Games and Entertainment Products: Innovative games and interactive experiences that push the boundaries of digital entertainment.
    2. Blockchain Infrastructure: Tools, protocols, and infrastructure enhancements that strengthen the Ethernity ecosystem for entertainment applications.
    3. Entertainment Infrastructure: Projects that integrate global entertainment brands with blockchain, enabling new business models and fan experiences.
    4. DeFi Tools: Financial applications tailored to the needs of the entertainment industry, providing new ways to monetize and secure digital assets.
    5. RWA’s and Collectibles: Cutting-edge digital assets and marketplaces that redefine ownership and engagement.
    6. 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.

    Website: Ethernity.io

    Twitter: @EthernityChain

    Telegram: EthernityChain

     

    Contact

    CMO
    James Aitken
    Ethernity Chain
    james@ethernity.io

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    Bybit's bbSOL Hit $5m in Total Value Locked Within First 24h and Gets an APY Boost

    2024-09-19T14:02:52Z

    DUBAI, United Arab Emirates, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Bybit, the world’s second-largest crypto exchange by trading volume, is making waves with its own SOL-based Liquid Staking Token (LST) in the global race to reinvent yield on Solana. 

    Bybit Web3 announced a renewed APY boost of up to 20% for a limited time from Sep. 19. This innovative liquid staking model, available exclusively on Bybit, enables users to seamlessly access Solana’s rapidly expanding ecosystem while earning staking rewards in Bybit Web3.

    Since its launch on Sep.5, bbSOL, has demonstrated the immense potential of this next-generation staking solution, bridging between mainstream users on exchange platforms and the Solana ecosystem. Surpassing $5 million in Total Value Locked (TVL) within 24 hours upon launch, bbSOL has doubled the TLV benchmark since then hitting eight digits. 

    “We are encouraged by the love for bbSOL. It truly speaks to the global crypto community’s excitement about the future of Solana. In coming months, Bybit and our partners will be activating a series of campaigns, yield opportunities and liquidity protocols to show our appreciation for the bbSOL community,” said Emily Bao, Web3 Evangelist at Bybit. 

    Good for the portfolio, good for Solana
    At the forefront of CeDeFi connectivity, Bybit Web3 has first-mover advantage as a major player to bridge centralized and decentralized finance for global users. Through bbSOL, Bybit is pushing the boundaries of financial freedom and inclusion for the Web3 community.

    Key benefits of bbSOL: 

    • Effortless and seamless CeDeFi access from the security of Bybit’s exchange into Solana’s growing DeFi ecosystem
    • Flexible, fuss-free access to liquidity with no lock-in: users can maintain exposure to SOL while achieving portfolio diversification
    • Foster a stronger CeDeFi community together with Solana: bbSOL gives users meaningful opportunities to support security and decentralization on the Solana network while earning competitive rewards

    #Bybit / #TheCryptoArk / #BybitWeb3

    About Bybit Web3
    Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 10 million wallet users, over 20 major ecosystem partners, and counting.  

    Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 40 million users globally.

    Users can join the revolution and unlock their Web3 future with Bybit.

    For more details about Bybit, users can visit Bybit Web3.

    About Bybit
    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, users can visit Bybit Press
    For media inquiries, users can contact: media@bybit.com
    For more information, users can visit: https://www.bybit.com
    For updates, users can follow: Bybit's Communities and Social Media

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com


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