ECOMI believes that its ecosystem will benefit from Metcalfe’s law. This law states that a network will become more valuable every time a new user joins. When the user base grows, the network and data will become more valuable as an asset. Digital collectibles use NFT to ensure the ownership of the digital collectible. This would mean the collectibles cannot be copied and the ownership can be transferred from one person to another.
ECOMI currently manages several projects, including VeVe, that make use of blockchain technology and various partnerships. As a result, OMI is a GO-20 coin rather than an ERC-20 or BEP-20 token. NFTs are classified as GO721 tokens in terms of token classification. The ECOMI platform’s native cryptocurrency is the OMI coin, allowing users to make in-app purchases after converting their OMI into Gems. The ability to buy back and burn tokens on the ECOMI platform is a great addition to the tokenomics of the platform. The ECOMI forecast is based on price analysis, the technical analysis combined with predictive data modeling algorithms.
This allows the users to carry out transaction options such as sending or receiving cryptocurrencies. The VeVe store will also have a secondary marketplace, an augmented reality showroom, glaze medaka genshin impact where users can buy, sell and trade with other community members. All these transactions will be carried out using the native currency of the ECOMI ecosystem called OMI tokens.
The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply . In fact, they have also launched a hardware wallet that serves the purpose of holding your cryptocurrencies and digital collectibles safely. According to many ECOMI enthusiasts and their price predictions, OMI prices may rise dramatically in the trading range between $0.058 and $0.072. Migrating to Ethereum via Immutable X improves access to the VeVe digital collectibles app and OMI token and enables NFT interoperability.
Although you may be the owner of the NFT, Veve still has access to the information on the NFTs on the platform. In addition, you also cannot sell the NFTs in other marketplaces. However, this may change with the introduction of Veve on the Ethereum blockchain. With augmented reality, the key features allow users to project their collectibles into the real world.
The cryptocurrency market has been uptrend during the past 24 hours, and the market capitalization has increased. The fact that the market is currently highly optimistic is excellent news for pricing. ECOMI has a huge worldwide user base and completed its move to Ethereum‘s layer-2 Immutable X protocol at the end of January. In March, the Bitmark centralized exchange listed Ecomi on its platform. The company has received backing from ORBIS Blockchain Technology Ltd.
VeVe pairs up with brands like Ghostbuster, Batman, NFL, Superman, MLB, Harley Quinn, and many others. The collectibles are arranged in categories, where users can select which artwork they are interested in, and buy, sell, swap, or trade using these NFT digital collectibles. The authenticity, scarcity, and ownership of digital collectibles are managed using distributed ledger technology. VeVe has deployed the OMI token and digital collectible NFT on the GoChain Network for efficiency and to reduce the congestion on its blockchain. Just like with any other asset, the price action of ECOMI is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.
The virtual goods market is valued at $80 billion annually, and it is safe to say that this is a big number for something that has existed for a while. At the same time, collectibles have existed throughout human history and have a market, such as toys and paintings. The crypto market space is expected to grow to $100 billion within the next few years and has a bright future. AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.
ECOMI is a Singapore-based firm that offers the OMI coin, as well as secure ECOMI wallets and the VeVe platform. Its goal is to modernize popular culture by incorporating it into the internet age, with NFTs (non-fungible tokens) and their development as its primary objectives. The price of ECOMI will increase as more investors get involved in the project. In year 2023, ECOMI will be worth about an average price of $0.001.