According to Techub News, Ethernity announced the launch of the entertainment-focused Layer2 Ethernity Chain based on OP Stack and joined the Optimism Superchain. Currently, the Ethernity Chain testnet is online, allowing developers to explore, build, and test applications before the mainnet is launched.

In February 2022, Ethernity's team Ethernal Labs completed a $20 million seed round of financing, with Morningstar Ventures, Polygon Studios and others participating.