ECOMI is a service for digital collectibles that combines blockchain, cryptocurrency, and gaming technologies to build a marketplace where users can buy and own digital goods.
The development of NFTs, or non-fungible tokens, which are one-of-a-kind digital assets that can be purchased, sold, traded, or incorporated into games, is made possible by the ECOMI ecosystem.
These NFTs can be utilized throughout the ECOMI ecosystem, such as in branded gaming experiences and the VeVe NFT marketplace.
What is ECOMI
ECOMI is a technology company based in Singapore that helps people collect digital versions of their favorite pop culture and entertainment. ECOMI offers a one-stop shop for these items through VeVe, its app that connects fans with the products they love.
The ECOMI Economy
ECOMI is a digital collectible service that will offer users a number of features. These features include:
- A marketplace for buying and selling digital collectibles through the VeVe app
- An exchange for converting your existing cryptocurrencies into ECOMI tokens (OMI coins), which you can then use to buy digital collectibles on the marketplace;
- a secure wallet to store your ECOMIs (the ECOMI Secure Storage Wallet).
- An “ecosystem” of related products—for example, when you purchase an OMI token, you’ll also get access to exclusive content like games or music videos.
The markets for digital streaming, gaming, and in-app purchases are quickly growing to be among the largest in the world, and ECOMI wants to take advantage of this.
ECOMI VeVe Application
In 2018, VeVe was founded by collectors for collectors to bring high-quality digital collectibles based on popular brands and personalities to the general public.
Over 300,000 active users and 500,000 NFTs sold have made VeVe the largest mobile-first digital collectibles platform in the Google Play Store and Apple App Store.
VEVE NFT Marketplace
The VeVe app gives users the feeling of true ownership over premium digital collectibles. Through the app, users can buy common, uncommon, or unique digital collectibles, share them on the social networking site, and trade them with other VeVe users—all from the convenience of their hand.
ECOMI developed VeVe, a blockchain-based digital collectibles platform that is powered by ECOMI. The platform’s features, such as owning digital collectibles and interacting with other users, require the OMI Token in order to be used.
The NFL Players Association (NFLPA), General Motors, Cartoon Network, Star Trek, tokidoki, Ghostbusters, Back to the Future, and more are just a few of the well-known brands whose premium licensed collectibles VeVe offers. VeVe uses blockchain and augmented reality technologies.
These businesses can now alter collectibles after the initial purchase, creating countless opportunities for revenue generation for both newly created products and goods that have already been on the market.
Additionally, VeVe’s 3D augmented reality photo mode enables collectors to interact with every digital collectible and share their collections on social media sites like Twitter, Instagram, TikTok, and more, or within the VeVe app itself.
OMI Utility Token
The OMI token, which is based on Ethereum, is a utility token that grants access to ECOMI’s goods, services, and benefits.
The OMI Token is used to pay for all goods and services offered on the platform, including purchasing content from the VeVe app. Furthermore, the OMI Token will be used to entice users to spread the word about their digital collectibles by providing them with discounts on future purchases via affiliate marketing campaigns. The value of the OMI token increases as more people buy or use it, resulting in value growth as demand rises over time.
The value proposition of this product is that it allows users to buy and sell collectibles using fiat money (USD) and to buy and own collectible artwork using blockchain technology and smart contracts.
An overview of the Ecomi digital collectible service and tokens
ECOMI began in 2016 as a digital collectible platform that allows users to own, trade, and sell unique digital assets via the ECOMI economy.
In order to diversify its portfolio, ECOMI introduced OMI, a utility token. As a result, more flexibility will be possible in the market, and new features will become a reality. It also provides a way to pay for goods and services directly on the ECOMI platform (for instance, by using the VeVe app to buy digital collectibles).
Disney, Sony Pictures Entertainment, Universal Studios, and Warner Bros. are a few of the current licensing partners. Digital collectibles are a new way for creators of intellectual property to make money off of their works, and ECOMI is well-positioned to benefit from this.