Each day, the world is getting more digital. This means that people are getting more disconnected from the real-life and getting more connected to virtual life. Moreover, everyday actions such as buying groceries or purchasing notable collectibles are migrating from being physical actions to being digital ones. Through cryptocurrencies, people can purchase anything anywhere in a matter of seconds. Additionally, blockchain technology allows people to own collectibles that are exclusively theirs.
The latter is being done through Non-Fungible Tokens (NFTs). In essence, NFTs are tokens that are unique and cannot be traded with one another. They are launched as smart contracts in any blockchain that supports them. So, they are authentic in every aspect. Some argue that you can simply screenshot an NFT and it becomes yours; however, if we use this logic, anybody can print a Mona Lisa painting but that does not mean that they own the original piece.
As the NFT space grows, so do the platforms that serve as marketplaces for such products. One of these marketplaces is VeVe, the first digital collectible marketplace licensed to sell official Disney, the NFL, and DC Comics NFTs. This blockchain-powered marketplace has ECOMI as its native currency and, among other cryptocurrencies and payment methods, OMI is the main one.
What is ECOMI (OMI)?
But what is ECOMI and how does it work? ECOMI was founded by David Yu and Daniel Crothers in 2017. However, the launch of the OMI token took place in early 2021. Unlike most tokens that are related to the NFT space, OMI is a GO-20 token rather than an ERC-20 token. This means that OMI operates on the GoChain blockchain. Furthermore, this increases the time and cost-efficiency of the token.
At the time of writing, OMI has a trading value of $0.0066 and a trading volume of $11.42 million. Its market capitalization is sitting at $1.09 billion and its circulating supply is 166.29 billion tokens.
ECOMI Price Prediction 2025
We at Crypto Academy continuously state that the cryptocurrency market is still in its early stages. When it comes to OMI, you could say the same thing. This cryptocurrency has a lot of challenges ahead, however, it also has a lot of surprises. It is only a logical assumption that as the demand for NFTs grows, so will the traffic on VeVe. As a result, more people will be using OMI and this could have a positive effect on its price.
By the end of 2025, OMI could hit a trading value of $0.70. It is very likely that the market will be bullish at that period of time. However, if the market is, by any chance, bearish, OMI might end the year with a high of $0.63.
Also Read: ECOMI Price Prediction 2022 and Beyond – Can OMI Reach $1?
Takeaways
- Life is getting more digital and people are trying to keep up with the technology through cryptocurrencies and blockchain technology.
- People are comparing Non-Fungible Tokens (NFTs) to the internet back in the day.
- NFT marketplaces are booming recently, with OpenSea leading the way.
- VeVe is another digital collectible marketplace that has been getting attention lately. It is the only licensed marketplace for selling Disney NFTs. Moreover, it is powered by OMI.
- By 2025, OMI might hit a price of $0.70, which means an 11,566% increase.