1. Introduction

1.1 Background and Purpose

In the current rapid development of blockchain technology, Epic Chain, as a highly anticipated project in the industry, is gradually emerging. Since the birth of blockchain from Bitcoin, it has expanded from a simple digital currency application to many fields such as finance, supply chain, healthcare, entertainment, etc., changing traditional trust mechanisms and business processes. With its unique technical architecture and innovative application model, Epic Chain has secured an important position in the competitive blockchain market.

The emergence of Epic Chain not only provides new ideas for the application scenarios of blockchain technology, but also brings new opportunities and challenges for investors, developers, and related industry practitioners. Its layout in the Layer 2 ecosystem, as well as the integration of Real World Assets (RWAs) and the entertainment industry, has attracted a lot of attention and resources.

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2. Overview of Epic Chain

2.1 Development History

Epic Chain, formerly known as Ethernity Chain, has gone through a series of important development stages in the field of blockchain, gradually emerging and completing strategic transformation and upgrading. Since its establishment, Ethernity Chain has actively explored the application of blockchain technology and is committed to building a unique ecosystem. During its development, Ethernity Chain has focused on the application of blockchain technology in specific fields, accumulated a certain technical foundation and user base, and achieved preliminary results in areas such as NFT and digital asset trading.

As blockchain technology continues to develop and market demands change, Ethernity Chain recognizes the need to further expand its business scope and enhance technical performance to adapt to the increasingly competitive blockchain market. After in-depth research and community discussions, Ethernity Chain has decided to strategically upgrade and officially rename itself Epic Chain on February 10, 2025. This renaming is not just a brand change, but a significant shift in the project’s development direction, marking the entry of Epic Chain into a new phase of the Layer 2 blockchain ecosystem.

Upon the renaming, Epic Chain initiated a 1:1 token swap, converting the original ERN tokens into EPIC tokens. This move, supported by as high as 97.1% through a DAO community vote, fully reflects the community’s recognition and expectations for the project upgrade. The EPIC token inherits all the functionalities of ERN and expands upon them, extending its application scenarios to the Layer 2 ecosystem, covering aspects such as staking, trading, governance, and more. This token swap and feature expansion lay a solid foundation for the subsequent development of Epic Chain, enabling better integration of real-world assets (RWAs) and the entertainment sector, driving the long-term growth of the ecosystem.

On March 13, 2025, Gate.io completed the token replacement of Ethernity Chain (ERN) and rebranded it as Epic Chain (EPIC), and opened new EPIC token deposit, withdrawal services, and also opened EPIC/USDT spot trading. This collaboration further enhances the market influence and liquidity of Epic Chain, bringing it more attention in the cryptocurrency market.

2.2 Basic Concepts and Positioning

Epic Chain is a blockchain ecosystem project positioned in Layer 2. Layer 2, as an overall scaling solution to improve the performance of the Ethereum network (Layer 1), aims to process some transactions by building a layer 2 network off-chain without directly modifying the rules such as block size of Layer 1, thereby relieving the pressure on the main chain and achieving low gas fee transaction results. Leveraging Layer 2 technology, Epic Chain can effectively increase transaction processing capacity, alleviate congestion issues on the Ethereum main chain, and reduce user transaction costs.

The core positioning of Epic Chain is to integrate Real World Assets (RWAs) with the entertainment industry. In terms of integrating real-world assets, Epic Chain is committed to introducing traditional financial assets, physical assets, etc., into the blockchain ecosystem, digitizing and tokenizing assets through blockchain technology, enhancing asset liquidity and tradability, bringing new vitality and innovation to traditional asset markets. For example, Epic Chain can digitize real assets such as real estate, art, stocks, etc., enabling them to be traded and circulated on the blockchain, breaking the geographical and time limitations of traditional asset transactions, and providing more convenient investment channels for global investors.

In the entertainment industry, Epic Chain combines the characteristics of blockchain technology to bring a brand new experience and business model to the entertainment industry. Through the decentralization and tamper resistance of blockchain, Epic Chain can realize the true ownership of game props belonging to players. Players can freely trade, transfer game props, and even participate in game development and governance. At the same time, Epic Chain can also provide a decentralized distribution and copyright protection platform for entertainment content such as music, film, and animation. Creators can interact directly with fans, obtain more reasonable income, and consumers can also access more high-quality and personalized entertainment content.

Epic Chain, as a Layer 2 blockchain ecological project, integrates real-world assets and the entertainment industry, opening up new paths for the application of blockchain technology. It is expected to play an important role in the future blockchain market, promoting industry innovation and development.

3. Epic Chain technology principle analysis

3.1 Core Technology Architecture

Epic Chain as a Layer 2 blockchain ecosystem project, its core technical architecture revolves around improving the performance of the Ethereum network, integrating real-world assets with the entertainment sector, and has multiple key components.

At the underlying technical level, Epic Chain has built a Layer 2 network based on the Ethereum main chain, achieving efficient transaction processing by adopting Rollup technology. Rollup technology compresses a large amount of transaction data into a batch, which is then submitted to the Ethereum main chain for verification and storage. In this way, the main chain only needs to process a small amount of summarized data, without having to process each individual transaction, greatly increasing transaction throughput and reducing transaction costs. For example, in traditional Ethereum transactions, each transaction needs to be verified and recorded on the main chain, leading to slow transaction processing speed and high gas fees. Epic Chain, on the other hand, utilizes Rollup technology to bundle multiple transactions into a batch and submit it to the main chain, where the main chain only needs to verify the validity of this batch, significantly reducing the burden on the main chain, enabling transactions to be quickly completed on the Layer 2 network, and significantly lowering users’ transaction costs.

In terms of consensus mechanism, Epic Chain has adopted an innovative hybrid consensus mechanism that combines the advantages of Proof of Stake (PoS) and Practical Byzantine Fault Tolerance (PBFT). The PoS mechanism selects validators based on the amount of tokens held by nodes and the duration of holding, with nodes holding more tokens for a longer period having a higher probability of being selected, thus enhancing the security and efficiency of the network. The PBFT mechanism, on the other hand, ensures the consistency and reliability of the network even in the presence of malicious nodes. By combining these two mechanisms, Epic Chain is able to ensure decentralization while achieving fast transaction confirmation and efficient network operation. For example, in some blockchain networks that adopt a single PoS mechanism, there may be issues of centralization of validator nodes, affecting the security and decentralization of the network. However, Epic Chain’s hybrid consensus mechanism, supplemented by the PBFT mechanism, effectively prevents attacks from malicious nodes and ensures the stable operation of the network under various circumstances.

In terms of smart contracts, Epic Chain supports the Ethereum Virtual Machine (EVM), which means developers can use familiar Ethereum development tools and languages, such as Solidity, to develop and deploy smart contracts. At the same time, Epic Chain has optimized smart contracts, improving the efficiency and security of contracts. For example, Epic Chain has introduced smart contract auditing and monitoring mechanisms, conducting comprehensive security audits of contract code, monitoring the running status of contracts in real time, promptly identifying and resolving potential security vulnerabilities to ensure the security of user assets.

The core technology architecture of Epic Chain provides strong support for functions such as staking, trading, governance, etc. through Layer 2 network, innovative consensus mechanism, and optimized smart contracts, realizing an efficient, secure, and decentralized blockchain ecosystem.

3.2 Technological Innovation Points

Epic Chain has many innovative points in technology, which provide a strong driving force for its ecological development.

The enhanced staking reward mechanism launched by Epic Chain is one of its important innovations. In the traditional staking reward mechanism, users can only receive a single income by staking tokens, while Epic Chain’s enhanced staking reward mechanism allows users to receive token rewards from other projects issued on Epic Chain while staking EPIC tokens. This mechanism greatly increases the enthusiasm of users to participate in staking and enriches their sources of income. For example, assuming that a new game project is issued with its tokens on Epic Chain, users can participate in the staking pool of the project by staking EPIC tokens, not only receiving staking rewards for EPIC tokens, but also receiving token rewards for the game project based on the staking ratio. This enables users to support the development of the Epic Chain ecosystem while sharing the dividends brought by the development of other projects, promoting interaction and cooperation among various projects within the ecosystem.

Epic Chain has adopted a unique technical solution for integrating Real World Assets (RWAs). Through tokenization technology on the blockchain, assets in the real world such as real estate, artwork, stocks, etc., are mapped to digital assets on the blockchain. At the same time, by using oracle technology to connect real-world data with the blockchain, it ensures the accurate and reliable correspondence between the value of digital assets and real assets. For example, for a real estate asset, Epic Chain can have it assessed by a professional valuation agency, then the valuation result is put on-chain through an oracle, and a corresponding amount of tokens is issued based on that real estate asset. These tokens can be traded and circulated on Epic Chain, realizing the digitization and liquidity enhancement of real estate assets, providing a feasible path for the integration of traditional asset markets and blockchain markets.

In the entertainment sector, Epic Chain uses blockchain technology to achieve true ownership of in-game items for players. The items obtained by players in the game are stored on the blockchain in the form of NFTs (Non-Fungible Tokens), giving players complete control over these items, allowing them to freely trade, transfer, and mortgage them. For example, in a game supported by Epic Chain, rare weapon items obtained by players are minted as NFTs. Players can sell these items to other players on the in-game market or external NFT trading platforms, earning corresponding profits. This innovative ownership model of in-game items breaks the traditional limitation where players only have the right to use items, providing players with a new gaming experience and economic value.

The technological innovations of Epic Chain promote user participation and collaboration in ecological projects through an enhanced staking reward mechanism, integrate traditional assets with blockchain through RWAs integration technology, bring new experiences and value to players through innovative applications in the entertainment field, and effectively promote the development and growth of its ecosystem.

4. Insights into the current development of Epic Chain

4.1 Market Performance

4.1.1 Price Trend Analysis

From the historical price trend, the token EPIC of Epic Chain experienced significant price fluctuations after completing the brand upgrade and token replacement on February 10, 2025. In the early stage of listing, due to the support of the top trading platforms and market expectations for its Layer 2 ecosystem and real-world asset integration concept, the price of EPIC token saw a rapid increase. After Gate.io listed EPIC trading pairs on March 13, 2025, the price quickly surged from the initial price to reach a phase high. However, as the market gradually cooled down and the fluctuation of the overall cryptocurrency market, the price of EPIC subsequently entered a period of adjustment.

In the long term, the price trend of Epic Chain will be influenced by various factors, including its ecosystem development, technological innovation, and market competition. If Epic Chain successfully implements more real-world asset integration projects, attracts more users and developers, and enhances ecosystem activity, its price is likely to maintain an upward trend over the long run. However, if market competition intensifies or the project encounters challenges in technological implementation and application promotion, the price may continue to face downward pressure. Based on current technical analysis and market conditions, the price of EPIC is expected to fluctuate within a certain range in the short term while awaiting new market-driving factors.

5. Analysis of Epic Chain application scenarios

5.1 Integration of Real World Assets (RWAs)

5.1.1 Specific Application Cases

Epic Chain has multiple successful use cases in integrating real-world assets. Taking its cooperation with a well-known real estate project as an example, the project digitized and tokenized commercial real estate in a first-tier city. Epic Chain first conducted a comprehensive assessment of the commercial real estate by a professional asset evaluation agency to determine its market value. Then, the ownership of the property was divided into digital assets in a certain proportion and issued in the form of NFTs on Epic Chain. These NFTs represent partial ownership of the commercial real estate, and holders can receive corresponding rental income dividends by holding NFTs, and can freely trade these NFTs on the Epic Chain market.

In the project implementation process, Epic Chain ensures the transparency and security of transactions using smart contracts. The smart contract specifies in detail the distribution of rental income, the trading rules of NFTs, and the transfer process of property rights. For example, when a new investor purchases an NFT, the smart contract will automatically update ownership information and distribute subsequent rental income according to the new shareholding ratio. At the same time, through the oracle technology, Epic Chain can obtain real-time operational data of the commercial real estate, such as rental income, vacancy rate, etc., to ensure that investors can timely understand the actual situation of the assets.

5.2 Entertainment Sector Applications

5.2.1 The landing form of the entertainment industry

Epic Chain has a variety of landing forms in the entertainment industry, covering music, film, games, and other fields. In the music field, Epic Chain provides a decentralized distribution and copyright management platform for music creators. Creators can release their music works in the form of NFT on Epic Chain to achieve copyright confirmation of their works. Each music NFT contains detailed information about the work, such as the creator, release time, track content, etc., and this information is permanently recorded on the blockchain and cannot be tampered with.

At the same time, through smart contracts, creators can establish direct contact with fans, achieve direct sales of music works and revenue sharing. After fans purchase music NFTs, they not only own the digital ownership of the music works but can also participate in the promotion and dissemination of the music works, and receive corresponding rewards. For example, when fans share the music NFT link and successfully guide others to make a purchase, the smart contract will automatically distribute a certain percentage of revenue sharing to the fans, incentivizing fans to actively participate in the promotion of music works.

In the field of film and television, Epic Chain provides a full-process solution for financing, production, distribution, and copyright management for film projects. Film projects can raise funds by issuing NFTs on Epic Chain, and investors become shareholders of the project after purchasing NFTs, enjoying the project’s revenue rights. During the production process, Epic Chain uses the traceability of blockchain to monitor the flow of funds and production progress of film projects in real time, ensuring the transparency and fairness of the project.

In the release stage, film and television works can be distributed globally on Epic Chain in the form of NFTs, breaking the geographical restrictions and intermediaries of traditional film and television distribution. After purchasing a film and TV NFT, viewers can watch the film and TV work on any device that supports Epic Chain, and can comment on the film and TV work and share it interactively. At the same time, through smart contracts, film and television creators and investors can obtain corresponding revenue sharing according to the number of views and interactions of film and television works.

In the gaming sector, the application of Epic Chain is more extensive. Game developers can utilize the technology of Epic Chain to put game props, characters, scenes, and other assets on-chain in the form of NFT, achieving true ownership of game assets for players. Players can freely trade and transfer these NFT assets in-game or in external markets to gain economic benefits. For example, in a role-playing game based on Epic Chain, rare equipment obtained by players through tasks and defeating monsters is minted into NFTs. Players can sell these equipment on the in-game market to other players in exchange for game coins or real currency.

At the same time, Epic Chain also provides a decentralized game governance mechanism for game developers. Through smart contracts, players can participate in the decision-making and governance of the game, such as voting on game updates, balance adjustments, etc. This decentralized governance mechanism enhances players’ sense of participation and belonging to the game, and promotes the healthy development of the game community.

6. Epic Chain faces challenges

6.1 Technical Challenges

Epic Chain faces various challenges in technical development, such as performance optimization and security enhancement. In terms of performance optimization, although Epic Chain adopts Layer 2 technology to increase transaction processing capacity, the scalability of the network still faces pressure as the number of users and transaction volume continues to grow. For example, during peak transaction periods, the Layer 2 network may become congested, leading to extended transaction confirmation times and impacting user experience. At the same time, the execution efficiency of smart contracts also needs to be further improved. Complex smart contract logic may result in prolonged execution times and excessive consumption of computing resources.

To address the performance optimization challenge, Epic Chain can continuously optimize Rollup technology to improve data compression efficiency and transaction processing speed. For example, using more advanced algorithms to compress transaction data, reducing the amount of data submitted to the main chain, thereby reducing the burden on the main chain and increasing the transaction throughput of the Layer 2 network. In addition, smart contract code can be optimized to reduce unnecessary computational steps and improve contract execution efficiency. At the same time, distributed computing technology can be introduced to distribute the execution tasks of smart contracts to multiple nodes in order to improve overall computing power and execution speed.

6.2 Market Competitive Challenges

In the Layer 2 blockchain market, Epic Chain faces fierce competition. Currently, there are several well-known Layer 2 projects in the market, such as Arbitrum, Optimism, zkSync, etc. These projects have certain advantages in terms of technical strength, market share, user base, etc. For example, Arbitrum and Optimism, as earlier developed Layer 2 projects in the Ethereum ecosystem, have accumulated a large number of users and developers. Their ecosystem is relatively mature, covering various types of decentralized applications (DApps), including decentralized exchanges (DEX), lending protocols, NFT markets, etc. zkSync is known for its advanced zero-knowledge proof technology, possessing unique advantages in privacy protection and transaction efficiency, attracting many users and projects with high demands for privacy and performance.

Conclusion

As an emerging project in the blockchain field, Epic Chain has made significant progress in the construction of the Layer 2 ecosystem through strategic upgrades and brand reshaping. In terms of development, Epic Chain has transitioned from Ethernity Chain and gained high recognition through community voting, successfully completing a 1:1 token replacement, laying the foundation for its development in the Layer 2 field. In terms of technology, Epic Chain has adopted advanced Layer 2 technology architecture, such as Rollup technology and innovative hybrid consensus mechanism, effectively improving transaction processing capacity and network security. At the same time, its enhanced staking reward mechanism, real-world asset integration technology, and innovative applications in the entertainment industry demonstrate unique technical advantages and application potential.