VeVe is a popular app where users can buy, sell and display licensed collectibles in the form of NFTs. Whether you like film and television, anime, games, or sports, in the VeVe app you will find collectibles from many different well-known brands. In addition to Disney, Marvel, and DC, VeVe also offers Coca-Cola and Pixar, and much more… Are you a fan of these brands? Then VeVe might be interesting for you!
What further sets VeVe apart from other NFT platforms is the way you purchase and trade the NFTs; this is quite simple. VeVe, therefore, focuses not only on experienced NFT collectors but also on other interested parties who have never purchased an NFT before.
Do you want to know more about VeVe? This article explains how the VeVe app works, which collectibles are available, and gives tips on how to get your hands on a collectible.
What is the VeVe app?
VeVe is an Android and iOS app that is a blockchain-based marketplace for licensed digital collectibles in the form of NFTs. A non-fungible token, abbreviated as NFT, is a certificate of ownership of a unique digital object. It is a link on a blockchain of an account to specific digital objects, such as images, comics, and animations. By means of an NFT, you become the owner of a digital object.
The VeVe app is the first platform to offer official NFTs from major brands in film and television, anime, games, and sports. Think of brands such as Disney, Marvel, DC, Coca-Cola, and NFLPA (National Football League Players Association). This makes it possible to easily collect digital objects of your favorite heroes, villains, and icons directly from your smartphone. VeVe is bringing a true digital revolution of collectibles!
The difference with other NFT marketplaces, such as OpenSea, is that anyone can offer custom NFTs on them. This is not possible with VeVe. VeVe only works with well-known companies and brands, who have given permission to use their creations. The unique thing about this is that the NFTs are licensed, so they will have more value than NFTs that are not licensed.
For example, consider an NFT on which Mickey Mouse or another Disney character is depicted. If you purchase it through VeVe, it will have much more value than if you buy it through OpenSea, for example, because Disney has not licensed it and it is therefore not official. In addition, this is legally problematic, because Disney has not given permission for this.
Trading collectibles without permission from the rightful owner is illegal and can lead to legal proceedings, which you would rather not get involved in. By purchasing and trading an official NFT through VeVe, you avoid these problems.
VeVe is released by Ecomi, a Singapore-based technology company focused on digital collectibles. Ecomi’s goal is to allow users to experience ownership of digital collectibles through the VeVe app, by buying, trading and sharing them with other users. You have the option to exhibit them in a virtual showroom that uses augmented reality and to share this via social media.
Ecomi sees digital collectibles as a new form of wealth for intellectual property owners: they can generate income in the digital world. According to Ecomi, digital streaming, online gaming, and online purchases have now become a multi-billion dollar market, and the next digital trend to follow will be collectibles.
According to David Yu, the CEO of ECOMI, there is a lot of growth potential in this. In addition to the revenue aspect, collectibles also have a lot to offer socially, because they will bring people with common interests together. And that is certainly an added value.
In addition to releasing the VeVe app, Ecomi previously also developed a hardware wallet for crypto: the Secure Wallet. Furthermore, Ecomi is currently also developing other crypto products, including its own metaverse and there are rumors that a gaming platform is also planned.
The VeVe collectibles are designed by leading artists and illustrators, including legendary comics artists Jim Lee and Todd MacFarlane. As mentioned, VeVe makes it possible to buy, trade, and display licensed limited editions of these exclusive collectibles in a virtual showroom with augmented reality options.
Collectibles and comics
In the VeVe app you currently (April 2022) come across two types of collectibles: digital collectibles and comics. New collectibles come on sale every week. These always have a limited edition and are therefore sold out quickly, often within a few seconds. Different types of NFTs can be collected per collection, which have a certain degree of rarity, which ultimately determines their value:
- Ultra Rare
They are often launched as a blind box; so you can’t see which one you’re buying in advance. Suppose there are 10,000 copies of a Spiderman comic available. For example, there will be 5000 common, 3000 uncommon, 1500 rare, and 500 ultra-rare. The differences between these rarities can be seen, for example, in different covers in comics or in different characters or designs in the other collectibles.
For example, on April 23, 2022, the Disney Villains series 1 was launched. As you can see below there were several rarities: Ursula is common, Queen of Hearts is uncommon, The Queen is rare and Jafar is ultra-rare.
Tips & tricks
Because VeVe is so popular these days, there is always a high demand for collectibles. VeVe also seems to be bothered by bots that click the buy button very quickly.As a result, the collectibles are currently almost always sold out within seconds, so there is a good chance that you will not be able to get one. However, there are a number of tips to increase your chances of being a collectible.
|Internet speed||First of all, it is important that your internet speed is as high as possible. For example, search Google for ‘internet speed’ to determine what the speed is. Make sure that as few people as possible use your internet during the launch of collectibles so that the speed is as high as possible. It is also important that your router/modem works optimally. For example, you could reset these to optimize this.|
|Mobile optimization||Make sure that your mobile itself also works optimally, for example by restarting it. In addition, disable auto-lock features to prevent your screen from locking during launch. It can also be useful to set the font size to a smaller format so that as much text as possible fits on the screen. This way you won’t have to scroll down for the buy button during the sale.|
|Wishlist||During the sale, most users will wait for the collectibles screen. By pre-ordering the collectibles you want to buy, they will end up on your wish list. This gives an alternative route to the buy button.|
|Timer Correctness||Make sure that the timer that counts down to the purchase is running as correctly as possible. That’s why it’s useful to restart the app a few minutes before time.|
|Buy button||You can already check in advance where the buy button will appear on your screen so that you can click on it immediately when it is time.|
|Expiration||of reservation time After successfully reserving collectibles after pressing the buy button, users have 90 seconds to complete a CAPTCHA puzzle and confirm their purchase. If this fails, there will be collectibles that will be left for sale after 2 minutes, giving everyone a second chance to buy these remaining collectibles. To be eligible, you must continue to wait in the buy screen and click the buy button again after 2 minutes. If you leave the screen, you may lose this opportunity because a ‘sold out’ button will already appear, preventing you from clicking it.|
VeVe has already entered into many partnerships with major brands and companies. Below are a few examples:
- On June 17, 2021, Superman’s very first NFT appeared on VeVe in collaboration with DC.
- On July 17, 2021, VeVe released several collectibles of the popular Ectomobile from Ghostbusters.
- On August 7, 2021, VeVe teamed up with Marvel to release Spider-Man’s first-ever NFT.
- On September 8, 2021, VeVe partnered with Star Trek to release a series of NFTs based on iconic starships, such as the Enterprise-D and Borg Cube.
- On October 1, 2021, exclusive James Bond collectibles made their debut on VeVe.
- On November 12, 2021, as part of Disney+ Day, Veve released a number of official NFTs of beloved characters from Disney, Pixar, Marvel, and Star Wars.
- On December 20, 2021, several Coca-Cola collectibles appeared on VeVe for the first time.
Tokens: how do you pay?
ECOMI has its own token: OMI. It is currently on sale through Gate.io, AscendEX, OKEx, Uniswap, and BitForex. It is expected that OMI will be for sale on the larger exchanges in the future. At the moment (April 2022), OMI does not yet have a direct use function in the VeVe app. You pay for the collectibles with Gems.
To buy a collectible on the VeVe marketplace you need Gems. So this is VeVe’s internal currency. 1 Gem costs 1 US Dollar and can be easily purchased in the VeVe app with a credit card or Google Play credit. VeVe has chosen the method to make it easier for newcomers to the NFT world to use VeVe. If someone buys a collectible with Gems, they will be exchanged for OMI by VeVe in the background and then burned.
What is the big downside of VeVe is that the marketplace is currently (April 2022) separate from the rest of the crypto and NFT world. Everything is in the VeVe app. VeVe NFTs cannot be traded on other platforms and it is not yet possible to exchange Gems back into dollars and have them cashed out. Fortunately, VeVe has indicated that it has plans to change this, but when exactly this will happen is unclear.
VeVe on social media
VeVe is active on various social media channels. If we look at the number of followers, it is immediately apparent that VeVe is already very popular. If you want to stay informed of all the latest news and facts about VeVe, it is certainly useful to follow one or more channels. The new collectibles are also announced on this so that you are informed in time of new collectibles.
* Numbers on April 24, 2022.
The VeVe Verse
The VeVe Verse is a new part of VeVe that is currently (April 2021) under development. The VeVe Verse will provide an immersive metaverse, where fans and collectors can enter a new world of collecting. So it remains to be seen how this will develop exactly, but it certainly sounds promising.
VeVe is the app for anyone interested in NFTs from Disney, Marvel, DC, Coca-Cola, etc. Here you can buy and trade licensed digital collectibles and comics from well-known brands in the field of film and television, anime, games, and sports. Do you like this?
Then download the VeVe app or take a look at one of VeVe’s social media channels. Please note that VeVe is currently still under development and you cannot yet cash-out proceeds from the sale of the NFTs. We are therefore very curious how this will develop in the future.