If you love digital collectibles, you are likely to have heard of the NFT marketplace and app ‘VeVe’. Whether you are a fan of pop culture, gaming, anime, sports, or film, VeVe has got something for everyone! From Batman and Marvel to Fast and the Furious, Star Trek, Jurassic Park, Disney, and more, VeVe boasts NFTs from some of the world’s biggest brands.
Let’s dive deeper into the world of VeVe NFT collectibles!
What is the Veve Collectible Marketplace?
Put simply, VeVe is an app-based marketplace to buy, sell, and trade premium, licensed NFT collectibles. It is available on both iOS App Store and Google Play Store. VeVe makes it easier for fans to own unique, one-of-a-kind digital collectibles from all sorts of fandoms.
What does the NFT Veve marketplace offer?
According to ECOMI’s website, VeVe enables users to “obtain common, rare, or one-of-a-kind digital collectibles”. They can also “customise and showcase them in the virtual showrooms”. Alternatively, they can “buy, sell or trade collectibles with other VeVe users – all from the palm of their hand.”
In addition, the platform has an Augmented Reality (AR) feature, using which you can bring your 3D collectibles to life. You simply have to scan your surrounding and tap to drop your collectibles in AR, wherever you want. Then, you can move them as you please, post them on social media, or even send them to others.
Are Veve Collectibles NFTs?
In short, yes! In 2021, VeVe partnered with Immutable X to offer carbon-neutral and gasless NFT minting. By December 2021, VeVe completed re-minting all of its NFTs via Immutable X. With this move, all VeVe NFTs are now on Ethereum’s Layer 2 solution.
Who created the Veve Marketplace?
Founded in 2018, VeVe is a subsidiary of ECOMI, a Singapore-based cryptocurrency company. ECOMI created the platform to bring “premium licensed NFT digital collectibles to the mass market.”
Furthermore, ECOMI boasts a fully doxxed team with a wealth of experience. Its CEO and Founder, David Yu is the founder of various businesses including the independent video game retailer, Games R Us and Retail Management Group Ltd.
Similarly, co-founder and COO of Veve, Daniel Crothers is a serial entrepreneur. Alfred Kahn, the Head of Licensing, meanwhile, has over 30 years of experience distributing and promoting iconic brands such as Cabbage Patch Kids and Teenage Mutant Ninja Turtles.
Is VeVe A Legitimate NFT Marketplace?
According to a report by SensorTower, VeVe was the largest NFT trading platform on mobile in Q4 of 2021. The results are in terms of both global installs and consumer spending. At the time, VeVe’s total installs had reached nearly 744,000, generating $112.5 million in consumer spending.
Alongside their aforementioned doxxed team, VeVe’s 3D digital collectibles are created by acclaimed sculptors such as Jim Lee, Todd MacFarlane, and Scott Snyder. These creators are famous for sculpting directly in 3D, instead of clay.
That said, the platform has several drawbacks as well. For one, users have to first buy VeVe’s in-app currency, “Gems”, to purchase digital collectibles. However, VeVe has made it possible to convert Gems into fiat. Secondly, users can only sell these collectibles on VeVe’s own secondary marketplace.
How Does The VeVe App Work?
Firstly, you have to download the VeVe app on iOS or Android. Then, you can create your account and start collecting digital collectibles from the Store.
But, as previously mentioned, you need Gems to buy the VeVe NFTs. Apparently, this was introduced to make the process easier for non-crypto users. To buy Gems, go to the Wallet option in your app and click “Get More Gems”. Remember, 1 gem is always equal to 1 USD.
As most collectibles cost around 60 Gems, you should have at least 60 Gems in your wallet. You can buy the Gems using Credit Card, Google Pay, Apple Pay, and other payment methods. Finally, click “Buy Now” to complete the transaction.
Furthermore, VeVe introduced a Payout feature using which you can withdraw your Gems and transfer them to your bank as fiat. Currently, the feature is in Beta, and only available to a select number of customers. You need a minimum of 1000 Gems to use the Payout feature. Additionally, there is a 50 Gem minimum withdrawal and a maximum of 50,000.
The platform will also charge a 10% fee. The feature currently supports AUD, CAD, EUR, GBP, HKD, JPY, NZD, and USD.
How to buy OMI and invest in VeVe collectibles
OMI or ECOMI tokens are VeVe’s utility tokens. Now, every time Gems are used to buy a VeVe NFT, the platform exchanges the corresponding OMI tokens for the NFT and then burns it. In other words, OMI tokens are taken out of supply and as VeVe’s userbase grows, the lower will be OMI’s supply. In short, as the supply goes down, the token’s value is likely to go up. Currently, OMI is trading at $0.00124.
You can buy OMI using USDT on a number of altcoin exchanges, including Gate.io, AscendEX (Bitmax), OKEx, BitMart, and BitForex. Alternatively, you can first buy Bitcoin or Ethereum in exchanges like Coinbase and trade them for OMI.
Then, you can swap OMI to Gems on the VeVe app to buy the NFTs. Soon, VeVe will roll out a feature allowing users to transact directly with OMI in the VeVe Market (peer-to-peer). In phase two of the OMI utility rollout, users will be able to purchase a certain number of collectibles with OMI.
What kind of NFTs Drop On The VeVe Marketplace?
As mentioned earlier, VeVe has built partnerships with some of the biggest brands in the world, from industries across pop culture, gaming, anime, sports, film, and TV. This includes Marvel and DC Comics, Disney, and Warner Bros, to name a few. Let’s take a look at some of the top NFTs on VeVe.
Comic book NFT collectibles including Marvel & DC
The VeVe marketplace is home to a range of comic book collectibles created in partnership with giants like Marvel and DC. Marvel first announced its partnership with VeVe in June 2021.Both comic book collectibles and 3D figures were available, called Marvel Mightys.
In the months since, Marvel released a range of comic book NFT collectibles on the Veve marketplace, including the first Marvel comic book ever released. The partnership also birthed collectibles featuring heroes such as; Spider-Man, Storm, The Incredible Hulk, X-Men, and more. The comics always release as blind boxes. In other words, users only find out what they have after the purchase.
Similarly, in partnership with DC Comics, the VeVe marketplace also launched NFT statues of Batman Black & White, Bombshells, Harley Quinn, and Batman vs. Killer Croc, among others.
Disney and Pixar NFT collections on Veve
VeVe is the exclusive drop partner for all Disney NFTs. In November 2021, VeVe celebrated Disney+ Day by launching a series of NFT collectibles featuring some of the world’s most iconic characters. Called ‘Golden Moments’, the series included interactive golden statues from Pixar, Marvel, and Star Wars, among others.
There were a total of 18,666 NFTs in each collection. However, the Pixar Golden Moments, had just 16,666 NFTs. Following that, Disney dropped NFTs featuring many of its beloved characters on the VeVe marketplace. This included the Mickey Mouse NFT collection, split over two different series.
Meanwhile, Disney’s Pixar Pals NFTs featured characters from Toy Story, The Incredibles, and Monsters Inc. These were such a huge hit that they sold out within 24 hours of launch, amassing $3 million!
The Simpsons and Other Cult-Classics As NFTs
VeVe is also home to NFTs of some of the most cult figures in history. Take for instance The Simpsons NFTs dropped as part of the Disney Golden Moments collection. Launched in November 2021, the collection featured two collectibles—Homer and Bart (common – 12,333 editions) and Skateboard (rare – 6,333 editions).
Love James Bond? You’ll find NFTs featuring the legendary character as well on the VeVe marketplace too. The platform partnered with Metro-Goldwyn-Mayer Studios last September to launch the “No Time to Die” collection.
In October, VeVe dropped NFT movie ticket stubs to celebrate the release of the 25th James Bond film. Later, in February 2022, the platform launched James Bond’s Triumph Scrambler 1200 Motorcycle as NFTs in partnership with Triumph Motorcycles.
How To Get NFT Drops On VeVe
VeVe drops new collectibles every few days, during what they call “Drop Days”. Needless to say, there is a huge demand for these NFTs, with some drops selling out in a matter of minutes. Therefore, make sure to watch out for drop announcements from VeVe. Then, set up your account on the app and be ready with enough Gems!
Alternatively, you can pick up your favourite NFTs from VeVe’s secondary market. Of course, you will have to pay higher prices here.
This year, VeVe is gearing up to launch its own metaverse, called VeVeVerse. According to the company, it will be “an immersive metaverse in which fans and collectors can stake their claim in a new and collaborative world of collecting.”
All things considered, VeVe is an excellent platform to get official collectibles from some of the biggest global brands. Due to their exclusivity, some of these NFTs might even become extremely valuable in the future. That said, make sure to do your due diligence before making any investment decisions.
All images courtesy of VeVe.
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This article is educational material.
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