ECOMI, a Singapore-based technology company in the digital collectible space, is currently making waves in the crypto space. The company is the creator of VeVe, a blockchain-based digital collectibles marketplace, which allows users to share their collectibles across the social network service. ECOMI is popularly known for its non-fungible token marketplace. And given that the NFTs are currently trending in the crypto space, people might be wondering whether ECOMI is a good investment in the year.
The team is working to solve the issue of security and data protection through the development of its ECOMI secure storage Wallet. Outside of that, the creation of its VeVe will afford users the opportunity to enjoy the benefits of ownership, privacy, control, and decentralization.
In this article, we are going to look into the prospects of the future development of the coin and whether it will break barriers in the crypto space. Although the ECOMI ecosystem is known for its NFT, the project is more than that. It is because the blockchain is looking to eventually offer users an all-in-one digital platform encompassing economy and security in the digital space.
What is ECOMI? Digital collectibles through the VeVe App
ECOMI is a security, economic and digital system that utilizes blockchain technology in three main areas; Private keys protection, Payment of real-world cryptocurrencies, and the exciting new world of digital collectibles. ECOMI aims to bring blockchain technology closer to the people by offering a user-friendly all-in-one platform.
ECOMI is working on launching four products in the market;
This phase has been completed. The wallet is a hardware wallet that is similar to the Ledger, Trezor, etc.
The wallet has the size and thickness of a credit card. This true cold storage wallet is not linked to any online device, and it can store private keys for more than 20 cryptocurrencies, NFTs, and dApps.
The device connects to a mobile app wirelessly and employs CC EAL5+ security standards to provide a high level of security for private keys.
VeVe marketplace (previously called ECOMI Collect)
This is the major feature of the ECOMI platform. It is a platform designed to bring licensed and recognizable digital collectibles to the mainstream.
VeVe is a mobile platform for the storage, sale, and delivery of digital assets. It is a marketplace for unique collectible NFTs where the ownership, scarcity, and authenticity of the collectibles are managed with blockchain technology.
The ECOMI network uses the GoChain network instead of the Ethereum network for its NFT platform and native token. This is to avoid the throughput and congestion issues associated with the Ethereum network.
It is an all-in-one payment solution that combines secure cold storage with everyday convenience. It can store more than 20 cryptocurrencies, fiat, and an NFC-enabled card such as loyalty cards and existing debit/credit cards.
It is a SAAS solution that combines decentralized storage with cryptographically protected access for user’s sensitive data and information.
VeVe – Premium Licensed Digital Collectibles
The ECOMI VeVe app unveiled in December 2020 is an app that permits users to experience true ownership of premium digital collectibles. The app allows users to obtain common, rare, or one-of-a-kind digital collectible, share these to various social networks and exchange them with the VeVe community, all done by the user.
The ECOMI ecosystem sees digital collectible as a new asset that offers intellectual property owners the avenue for new revenue streams in the digital landscape.
So far, we can see that digital streaming, gaming, and in-app purchasing have become a multi-billion-dollar market.
The next to join this trend is the collectible industry which the ECOMI network is focused on improving.
Outside of the ECOMI being a simple marketplace, the app also has a number of unique features. It allows users to show off their collectibles in a personal showroom.
Users can also display them in scenes and as augmented reality creations. VeVe also has a feature planned for the future, such as gamification, which will offer in-app gameplay and the ability for apps to interact with each other.
Everything done on the VeVe platform is carried out using the native OMI token. These include both staking, transaction, and access to premium features.
VeVe works with brands that include Superman, Harley Quinn, Batman, etc.
OMI Token: A good investment in the digital collectible’s ecosystem
OMI is the native governance token of the ECOMI network. In other, for you to be able to own a digital collectible and interact with other users, you will need to use the platform’s native token OMI.
When you buy, sell or trade your digital collectibles, the OMI token serves as a medium of exchange and ensures an immutable record of ownership – that is, to confirm that what you are buying is real and legitimate.
According to data from the network, there are over 750 billion OMI tokens in circulation. As we said earlier, The OMI is a GO20 that was built on the GoChain blockchain and used mainly to avoid traffic congestion in the Ethereum network.
Depending on the wallet you are using, you may need to link GoChain as a custom network and ensure that it is compatible before you can add and store the OMI token. The best way to store your OMI is with their very own cold storage wallet, the ECOMI Secure wallet.
The OMI token is a utility token. What it means is that the token is designed with the specific purpose of being exchanged for digital collectibles within the VeVe platform.
The tokenomics of OMI are deflationary and combine Uniswap type big buybacks and burns with the in-app stablecoin called GEMS to make it seamless for mass-market users on IoS/Android. But under the hood, the OMI token is used for all the services in the network.
What is the OMI Price Prediction?
ECOMI platform has a host of various services, which is highly beneficial to users. The platform has drawn the attention of numerous traders and investors. This has led to numerous speculations about the future of OMI.
Although there has been speculation, however, nobody can accurately predict the future. Most of this insinuation is personal opinion which cannot be taken as a piece of investment advice.
To understand better, we look into individual opinions regarding the token in the year.
On Twitter, a user, Altcoin GEM, has made his OMI price prediction for 2021. According to the user, the ECOMI coin price will hit $0.05 before the end of the year. The cryptocurrency was among the six altcoins that he forecasted their future price. The user is bullish about the coin in the year.
So bullish for alt season.
1. #ECOMI $$$0.05
2 #EthernityChain $$$80
3. #PundiX $$$0.02
4. #SRK $$$0.04
5. #CELR $$$0.2
6. #INJ $$$20@EcomiHomies@EthernityChain @InjectiveLabs@PundiXLabs @sparkpointio @CelerNetwork
— EC⭕MI 4LIFE (@CryptoGenesis10) April 3, 2021
Also, another Twitter user, Liam H, asked users what is there OMI price forecast for the year. The user went ahead to post four price forecasts; $0.10, $0.06 – $0.1, $0.03 – $0.06, $0.01 – $0.03.
Out of the over 100 votes so far, more than 50% agree that the OMI token price will reach $0.1 in the year.
Also, over 20% think that it could increase to $0.01 – $0.03 while the rest see the coin falling below $0.03 in the year. From the voting, we could see that majority are bullish in the year.
Just for fun $omi price prediction for this year 😜
— LI₳M H 💎🙌 (@LiamHiggins18) April 21, 2021
In the same vein, Ali Zaeteri asked his followers to vote on their realistic OMI coin price prediction for the year.
From the over 100 votes so far, 39% of voters think that OMI value could reach $100, while 34% think that it could hit between $1 to $10.
— Ali ⭕️ (@alibromi) April 18, 2021
Moving further, we try to look into the opinion of cryptocurrency price prediction platforms. These platforms are famous for analyzing various coins and predicting their future price.
In Digitalcoinprice, the experts in the website are bullish for the coin in the short and long term. According to them, the OMI coin price will reach $0.004 in the year while it will surge to $0.01 in five years. The website considered the historical price data in their forecast.
Another website, Coinarbitragebot, seems to agree that the coin’s value will increase in the year. Accordingly, they see OMI value getting to $0.005 in the year and $0.02 in 3 years. It means that they are bullish in the short and long term.
We also looked further to another website, Cryptocurrencypriceprediction, on their ECOMI price prediction for 2021. According to the website, OMI’s price will hit $0.02 before the end of the year and could get to $0.1 in the next 5 years. They are bullish in the short and long term.
From the OMI price predictions for 2021 that we looked into above, we could see that majority are highly optimistic about the value of the coin increasing in the year.
Can OMI reach $1
Considering the various partnerships that the platform is entering into with top firms, we believe that OMI value could reach $1 in the long term, maybe in the next 10 years.
ECOMI with growing NFT technology will help OMI token to hit that value in the future. Also, the NFT is growing rapidly, with various people investing in various NFT projects. This might turn up to be an advantage for the OMI token.
Is ECOMI (OMI) cryptocurrency a good buy?
ECOMI is a good investment if you consider the aims of the platform. The platform has entered into good partnerships, which might likely increase the adoption of the platform.
The ECOMI has entered into lots of partnerships with cool comic book collectives like Batman, Superman, Wonderwoman, and sports leagues. These partnerships could be essential to the future growth of the platform. With the listing of the project in the various marketplace, we could see more growth of the project.
Also, we should not forget that the platform has a VeVe project which allows users to buy, trade, and sell digital collectibles. For example, let’s assume you want to buy a collectible of $100. You will convert the $100 worth of your OMI coins to your Gems wallet and get the collectible with that. And that because Gems are like stablecoins which doesn’t change in value as OMI coin does.
ECOMI is an excellent project mainly for the near future due to the ongoing hype of NFT. If the platform is able to enter into more partnerships like they are doing, the platform will grow far more than projected.
Is Ecomi (OMI) Dead?
Ecomi is, undoubtedly, a good crypto investment judging from price performance over the last few months. Accordingly, analysts and investors are confident Ecomi is not dead.
It is because NFTs are here to stay. The project is laser-focused on the digital collectible space with plans of also enhancing asset security and promoting the use of crypto in payments.
Cumulatively—and with buyback programs and deflationary nature of OMI token in the picture, this gives Ecomi excellent traction, one of the main reasons why the project remains successful, drawing users.
The demand for NFT is increasing on a daily basis. There are more adoptions of NFT projects. ECOMI is one of the biggest ownerships of NFT and one of the biggest platforms that offer security, store, and marketplace.
With the launch of their VeVe platform, ECOMI is off to a great start. Much of the credit needs to be attributed to the partnerships they have formed, which allows them to mint exceedingly popular NFTs.
The platform’s secured wallet appears to be a solid competitor to existing hardware, cold wallet solutions.
With the surge in cryptocurrency, NFT security and wallet needs a better place, and ECOMI with their development team and great application will be more user friendly, which can be the biggest reason for ECOMI growth.
In summary, the entire ECOMI project is awe-inspiring from a technological viewpoint and, more importantly, in terms of NFTs that would be available. So, we see the platform getting more adoption and the OMI token price increasing in the future.
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