OMI is the native utility token of the Singapore-based expertise firm which is bringing iconic popular culture franchises to the digital ecosystem. The VeVe app is on the forefront of ECOMI’s merchandise, which facilitates entry to the ECOMI universe.
OMI has been the topic of immense hypothesis in 2021 after rumors circulated in March concerning a doable Pokémon licensing deal. In March, Knowledge from Google Developments additionally confirmed heightened search curiosity for ECOMI. Nonetheless, ECOMI has entered the digital collectibles house with licenses for iconic millennial popular culture references equivalent to Batman, Joker, and the Ghost Busters.
ECOMI – Current Developments
The VeVe app launched as an extension of ECOMI’s imaginative and prescient of bringing digital collectibles nearer to the best interplay requirement. Customers are allowed to work together with their NFTs via the augmented actuality perform. Furthermore, VeVe recreates a showroom that options all platform collectibles, and so they purpose to make it extra customizable sooner or later.
Earlier in August, ECOMI on-boarded Alfred Kahn because the Head of World Licensing, in a transfer that helped unfold the Pokémon NFT rumor, since Kahn already had a monitor document of licensing hallmark popular culture references equivalent to Pokémon and Yu-Gi-Oh.
Whereas no Pokémon NFTs have been up for grabs, ECOMI efficiently signed a licensing cope with Marvel, securing unique digital rights to a few of their IPs. According to this, a Spider-Man NFT was launched following the announcement, with Wolverine NFTs and different Marvel manufacturers scheduled for launch within the following months.
Whereas VeVe operates as a centralized software, ECOMI has partnered with Immutable X to create a decentralized ecosystem for NFTs. In consequence, VeVe will combine with Ethereum layer 2 options to unlock interoperability options inside the rising NFT market.
Whereas distinctive belongings maintain worth within the present decentralized system, ECOMI is extending the Marvel partnership to incorporate digitized comedian books. ‘Marvel Mightys’ shall be launched as a first-ever blind-box launch. ECOMI can also be rising gamification on their platform via the blind-box launch, which changes the NFT demand dynamic.
OMI tokens have now began transacting on OKEx, concentrating on over 20 million customers, thus rising their native token publicity. Their growth onto a Prime 20 alternate has aided the challenge in gaining extra liquidity and dealer consciousness.
Ecomi’s value lately fashioned an ascending trendline suggesting that purchasing stress is overtaking the promoting stress, however don’t pop your dusty champagne bottle but. For us to contemplate calling this an uptrend, a agency breakout above key $.005 stage is required. Worth hike has now been rejected at $.005 twice, and Ecomi wants to verify if third time is certainly the attraction. Given a breakout, the subsequent goal may very well be $.007 – the neckline of the biggest and ugliest head and shoulders you’ve ever seen.
If bears take over and the ascending trendline is damaged, the subsequent main demand zone should be at $.0015. It beforehand gave Ecomi a pointy enhance and would possibly act as a trampoline as soon as extra
Decrease timeframe (4H) chart under tells a claustrophobic story during which Ecomi’s is being wedged by patrons and sellers alike. A break above both descending or ascending trendline would imply a small victory for bulls or bears respectively and suggest a doable continuation in the identical path. The chart is slightly chopy although, housing loads of native highs and lows to make this journey a bumpy one.
Following the NFT frenzy of March and April, and the circulating rumors surrounding Pokémon Go’s doable NFT launch, OMI’s value reached an all-time excessive of $0.0138, in accordance to knowledge from CoinMarketCap.
On the time of writing, OMI tokens are buying and selling inside the $0.0028 and $0.0029 vary, with upswings following vital platform information equivalent to their Marvel partnership.
Establishing IP partnerships with titans within the leisure sectors equivalent to Marvel, Activision and Capcom, has led to ECOMI’s NFT initiatives turning into a lot anticipated. Regardless of its centralized nature, the platform providers over 300,000 customers and has already produced over 500,000 collectibles.
ECOMI is extensively appreciated for its neighborhood recognition and fixed communication. Over 115,000 Twitter followers are interacting with, and have shut contact with challenge leaders, together with their senior marketer Alex Gonzales, via neighborhood AMAs and interviews with the platform co-founders.
To that finish, the initiatives painting a extremely clear output, which communicates and considers the neighborhood’s involvement and expectations.
As NFTs turn out to be a pattern for the brand new digital economic system, it’s important that buyers assess the worth of initiatives past the hype and the related names.
Disclaimer: The article author owns some OMI tokens, however that has not influenced his goal reporting.