[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:

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

Pepe Unchained is in contention to become the top meme coin, potentially overtaking the industry titans like Pepe and Dogecoin.

These are the thoughts of popular crypto analyst ClayBro, who hailed Pepe Unchained’s ($PEPU) rapid momentum and utility-rooted use case as reasons it could outdo the current meme coin frontrunners.

ClayBro says $PEPU is Set Apart by its Presale Home Run

“The crypto market is going through a brutal period in terms of fear, yet Pepe Unchained is able to raise money, they’re able to sell out – they’re doing something no other presale can,” said ClayBro.

Pepe Unchained has raised over $12.5 million throughout its presale, making it one of the most successful campaigns of 2024.

Considering crypto prices have been crashing almost the entirety of the presale, ClayBro thinks the project has significant potential.

While most cryptocurrencies fold under bearish momentum, investors have accumulated Pepe Unchained without flinching.

According to ClayBro, Pepe Unchained is on track to “become the top meme coin.”

What’s driving this interest? It all comes down to its use case.

Pepe Unchained: the First Pepe-Themed Token With a L2 Blockchain

Layer 2 blockchains have changed the way users interact with Ethereum. They no longer bid for limited block space on the congested main network. Instead, they use connected offshoot chains (layer 2s) that are faster and cheaper.

Now, users can transact in the Ethereum ecosystem without worrying about the previously exorbitant gas fees – it’s a game changer.

But imagine packing that innovative utility behind the viral face of Pepe coin. That’s what Pepe Unchained will be.

It claims to offer lower fees and 100x faster speeds than Ethereum, and its focus on meme coins opens up a wide range of new potential use cases.

While meme coins like Dogecoin and Pepe rely purely on “vibes” and community spirit to boost their prices, Pepe Unchained is underpinned by tangible utility.

It’s a clear distinction from its peers and a narrative investors are getting behind.

$PEPU Staking Offers 162% APY, 20x Higher Than ETH Staking

More good news for Pepe Unchained holders – $PEPU staking is far more lucrative than the market average.

Currently, $PEPU staking offers returns as high as 162% APY. In comparison, ETH staking offers up to 7% APY.

And with ETH staking, users must host their own node or delegate to someone else. Either way, the take-home profits work out even less. But that’s not the case with Pepe Unchained.

However, the staking rewards are capped at 30% of the total $PEPU supply.

This means rewards will decrease over time, incentivizing prospective investors to act early.

Simultaneously, the Pepe Unchained presale price will gradually increase, with the next uptick in just over one day.

Bull Market is Back on – Expect an Uptick in $PEPU Presale Momentum

If Pepe Unchained could raise $12.5 million in bearish conditions, imagine what it would do in a bull market.

Traders have rallied behind its novel use case.

The crypto market cap has jumped 3.09% today as traders spot a higher low on the Bitcoin price chart. This typically indicates a trend reversal, shifting from bearish to bullish.

$BTC

Causally putting in its first higher low in almost 200 days…

Potential rate cuts next week…

Fear & greed – extreme fear…

Bottom signals flying left and right….

Time to pray. pic.twitter.com/hvaMWYkb2h

— cousin crypto (@cousincrypt0) September 9, 2024

It comes amid expectations of a tailwind from favorable macroeconomic changes. Goldman Sachs anticipates three consecutive 0.25% interest rate cuts through 2024, which would drive more liquidity into risk-on asset classes like cryptocurrencies.

Goldman Sachs, $GS, expects the Federal Reserve to initiate a series of three consecutive 25 basis-point rate cuts in September, November and December.

— unusual_whales (@unusual_whales) August 29, 2024

But its meme coins taking center stage – the sector’s total market cap has surged 7.5% today.

As the market regains strength, Pepe Unchained could be about to experience its first-ever bull market rally.

Investors can follow Pepe Unchained on X or join its Telegram for the latest updates. Otherwise, they can visit its website to buy and stake tokens.

Visit Pepe Unchained Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

Bitcoin recorded one of its most impressive daily performances in recent history yesterday when it pumped from a daily low of $53,600 to just over $58,000.

Here are some of the possible reasons behind this surge while the community speculates whether the worst has passed and BTC could resume its 2024 bull run.

ETF Flows

Ever since their inception in mid-January this year, the US spot Bitcoin ETFs have played a significant role in the underlying asset’s price movements. Trends of positive flows have led to price increases and vice versa.

As such, it wasn’t a big surprise that BTC tumbled hard in the past few weeks, from over $64,000 (on August 26) to under $52,500 (on September 6). Within this timeframe, the ETFs saw almost $900 million in net outflows.

However, the trend changed on Monday, and investors broke the longest negative streak in the history of ETFs. The net inflows for the day exceeded $28 million, and this could be among the most probable reasons behind BTC’s price resurgence.

Going Against the Crowd

The popular crypto analytics tool, Santiment, has repeatedly outlined a certain strategy that’s relatively unpopular among the community. After all, it advises traders to go against the crowd, which seemed to have worked in the past day.

The latest report informed by traders had ‘heavily’ shorted BTC on major exchanges like Binance and BitMEX since Saturday. According to Sentiment, “trader FUD and doubt in this rally will only fuel prices higher.”

Bitcoin’s market value is finally rallying, making it as high as $57.6K Monday and +4.8% in the past 24 hours. On major exchanges like Binance & Bitmex, Bitcoin has been heavily shorted since Saturday. Trader FUD and doubt in this rally will only fuel prices higher. pic.twitter.com/1uY1AaQBLx

— Santiment (@santimentfeed) September 9, 2024

Stablecoins Inflows

Another possible reason behind BTC’s impressive daily surge could be attributed to investors trying to take advantage of the price dip. This is supported by data from IntoTheBlock, which reads that $300 million worth of stablecoins were transferred into exchanges on Monday.

Stablecoins are the easiest gateway for investors to purchase digital assets on exchanges. Such large movements are typically executed to look for good buying opportunities, such as the recent price dips.

$300 million worth of stablecoins flowed into exchanges yesterday, signaling a potential move by investors to capitalize on the dip. pic.twitter.com/c7CTrqc8oT

— IntoTheBlock (@intotheblock) September 10, 2024

Back in early August, when BTC’s price tumbled even lower (under $50,000), the total stablecoin inflows skyrocketed to around $1 billion. Days later, the cryptocurrency, alongside most of the market, recovered its losses and even soared past $65,000 in weeks.

Something relatively similar on the matter came from Lookonchain. The on-chain resource informed that larger bitcoin investors had withdrawn more than $34 million worth of the asset in the past day alone. This could reaffirm the thesis that investors have used the opportunity to go on a buying spree.