Price Technical Analysis, Updates, Developments, Community, Events By

• ECOMI has partnered with Marvel to release officially licensed NFT collections, starting with Spider-Man.
• Minting NFTs moved from OmiseGO to the Layer 2 Immutable X.
• ECOMI has on-boarded Alfred Kahn as the head of Global Licensing.
• The VeVe app is ECOMI’s digital marketplace and gateway to the NFT universe.

OMI is the native utility token of the Singapore-based technology company which is bringing iconic pop culture franchises to the digital ecosystem. The VeVe app is at the forefront of ECOMI’s products, which facilitates access to the ECOMI universe.

OMI has been the subject of immense speculation in 2021 after rumors circulated in March regarding a possible Pokémon licensing deal. In March, Data from Google (NASDAQ:) Trends also showed heightened search interest for ECOMI. Still, ECOMI has entered the digital collectibles space with licenses for iconic millennial pop culture references such as Batman, Joker, and the Ghost Busters.

ECOMI – Recent Developments

The VeVe app launched as an extension of ECOMI’s vision of bringing digital collectibles closer to the ideal interaction requirement. Users are allowed to interact with their NFTs through the augmented reality function. Moreover, VeVe recreates a showroom that features all platform collectibles, and they aim to make it more customizable in the future.

Earlier in August, ECOMI on-boarded Alfred Kahn as the Head of Global Licensing, in a move that helped spread the Pokémon NFT rumor, since Kahn already had a track record of licensing hallmark pop culture references such as Pokémon and Yu-Gi-Oh.

While no Pokémon NFTs have been up for grabs, ECOMI successfully signed a licensing deal with Marvel, securing exclusive digital rights to some of their IPs. In line with this, a Spider-Man NFT was released following the announcement, with Wolverine NFTs and other Marvel brands scheduled for release in the following months.

While VeVe operates as a centralized application, ECOMI has partnered with Immutable X to create a decentralized ecosystem for NFTs. As a result, VeVe will integrate with Ethereum layer 2 solutions to unlock interoperability features within the growing NFT market.

Future Events

While unique assets hold value in the current decentralized system, ECOMI is extending the Marvel partnership to include digitized comic books. ‘Marvel Mightys’ will be released as a first-ever blind-box release. ECOMI is also increasing gamification on their platform through the blind-box release, which changes the NFT demand dynamic.

OMI tokens have now started transacting on OKEx, targeting over 20 million users, thus increasing their native token exposure. Their expansion onto a Top 20 exchange has aided the project in gaining additional liquidity and trader awareness.

Price Technical Analysis

Ecomi’s price recently formed an ascending trendline suggesting that buying pressure is overtaking the…