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3h agocryptodaily
DappRadar: Blockchain Gaming Activity Hardly Impacted by FTX Crypto Blast
Kaunas, Lithuania, 1st December, 2022, ChainwireDappRadar, the global dapp store, said today in a report the blockchain gaming sector showed strong resilience throughout the month of November, despite negative pressure on the wider crypto industry that resulted from the collapse of the once-popular FTX cryptocurrency exchange. Blockchain games brought almost half of the blockchain activity DappRadar's latest Blockchain Games Report shows that blockchain gaming activity largely managed to brush off the events at FTX. The number of daily unique active wallets (UAW) averaged 800,875 in November, down slightly from just over 900,000 UAWs in the previous two months. All told, blockchain games accounted for a healthy 46% of all blockchain activity, ensuring it remains the biggest segment in the overall crypto space, ahead of decentralized finance. The most popular blockchain for gaming was, once again, Wax, which actually saw an increase in daily activity with an average of 344,284 daily UAWs in November, up more than 4% from October. BNB Chain was the second-most popular gaming protocol in October with an average of 171,269 dUAW but took a big hit in November and that number decreased by 35%. Taking BNB Chain’s spot as the second-most popular gaming protocol in November was Hive, which also declined from the previous month by 8%, but maintained an average of 156,369 dUAW this month. There were a number of blockchains that suffered as a result of the fallout from the FTX collapse, though. In particular, gaming on the Solana blockchain - which was closely linked to FTX - appears to have taken a big hit.In November, it saw its gaming activity fall by a stunning 89.42% to just 2,326 daily UAWs, the lowest number it has registered thus far. Top-ranking games pick up speed while metaverses take a hit in sales Most of the games ranking in the top ten in terms of users put in a strong showing throughout the month. For instance, the Wax-based Alien Worlds managed to grow its user base by an impressive 25% to emerge as the most-played game of all, with 212,000 dUAWs. Splinterlands came in at number two with 169,000 dUAWs, up 5% from the previous month, November was a busy month for metaverse gamers too, with The Sandbox completing one of its most hyped events thus far, Alpha Season 3, with more than 353,000 unique users across 98 brand-generated experiences. While The Sandbox saw its NFT trading volume fall by around 33% last month to just over $1 million, it ended the month by announcing another big land sale. The upcoming sale promises to be a big event, with The Sandbox poised to auction off 1,967 LANDs, including 50 estates, 695 regular LANDs, 134 premium LANDs and 19 one-of-one LANDs. Both standard and premium LAND sales will be allocated via a blind ballot system. The sales actually kicked off on Nov. 24 and will continue until early in the New Year, so don't be surprised to see a significant uptick in The Sandbox's trading volume next month. Another popular metaverse, Decentraland, also witnessed a decline in November, with trading volume down 54% and sales down more than 23%. The decline in metaverse land sales is almost certainly a consequence of the goings on at FTX, which helped to accelerate a decline in land trading volume that began in July. It'll be interesting to see if the new LAND sale at The Sandbox can help to arrest the slide or not. Despite the decline in metaverse sales, the health of the blockchain gaming space looks positive overall, especially if the amount of cash being thrown at it from investors is anything to go by. The report notes that blockchain games and metaverse projects raised a combined $534 million in new funding throughout November. The highlight of the month was Web3 games publisher Fenix Games, which raised a hefty $150 million in the month to acquire, invest and distribute its portfolio of blockchain games. About DappRadar Founded in 2018, DappRadar is the The World's Dapp Store: a global decentralized applications (dapps) store, which makes it easy for its base of more than 1 million users per month to track, analyze, and discover dapp activity via its online platform. The platform currently hosts more than 12,000 dapps across 49 protocols and offers a plethora of consumer-friendly tools, including comprehensive NFT valuation, portfolio management, and daily industry-leading, actionable insight. Socials: Twitter - Discord - Reddit - Telegram - FacebookContactDan [email protected]
5h agocryptodaily
Porsche Rolls Out First NFT Drop
Luxury car manufacturer Porsche has become the latest brand to enter the Web3 space by launching its own NFT collection. Porsche’s Customizable NFTs Porsche has announced the launch of its first-ever NFT collection to be dropped in January 2023. The collection will include 7,500 pieces of exclusive digital collectibles designed around the classic Porsche 911 model. The Porsche team collaborated with Hamburg-based designer and 3D artist Patrick Vogel, who will craft each NFT. The unique feature of this collection is that buyers will be able to dictate the design of their individual NFTs by selecting a particular ‘route’ from Performance, Lifestyle, or Heritage. Each of these routes will highlight a specific component of Porsche’s brand identity, which will be reflected through the design and character of the NFT. After a user purchases an NFT, Vogel will work on their input and design each NFT as a special 3D asset in Unreal Engine 5. Other than having a say in how their NFTs will look, owners will also get exclusive access to virtual and real-life events. Executive board member for Sales and Marketing, Detlev von Platen said, “The NFT artworks enable us to take our understanding of modern luxury and the unique brand positioning of Porsche into the digital world.” Porsche’s Big Move Into Web3 Although Porsche had previously auctioned a car sketch as NFT, this new 7500-piece collection will mark its big move into the web3 space. The company is also seeking to incorporate blockchain technology into its business and operations. More specifically, the company is considering shifting the Porsche purchasing experience and supply chain management onto the blockchain. The team is also exploring matters of sustainability through the web3 lens. Lutz Meschke, Deputy Chairman and Member of the Executive Board for Finance and IT said, “We’ve made our commitment for the long haul and our Web3 team has the autonomy to develop innovations in this dimension as well. Innovation management at Porsche also sees potential in the purchasing experience, the metaverse and the supply chain. Vehicle and sustainability issues are also being considered” Porsche Participating In Web3 Event One of the advertising avenues adopted by the brand to promote its NFT drop is organizing a panel on November 30 at The Gateway: A Web3 Metropolis, a five-day festival taking place during Art Basel Miami 2022. During the panel, Porsche team member and visual artist Vexx will discuss the brand’s entry into the Web3 space. Furthermore, the team will also be unveiling an exclusive art installation at the event to launch Porsche’s The Art of Dreams campaign. ​​Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5h agocryptodaily
SuperOne Partners With Media Giant, Footballco and FIFPRO
SuperOne joins forces with FIFPRO and Footballco in a ‘Trinity of Football’ collaboration. Growing a global brand with Footballco SuperOne Gains Licensing For Its Trivia Game SuperOne, a firm building next-gen fandom metaverse for sports and entertainment, announced an innovative partnership with Footballco, the leading media company in world football, and FIFPRO, the top footballers union body with over 65,000 professional footballers this week. The partnership will see two of the top footballing organizations promote and spread awareness of SuperOne as well as license the game content, empowering value-creation across the football universe in the digital space. The digital gaming company was established in 2019 with the goal to give fans across sports and entertainment a gamified community where they can connect and share their experiences. According to Andreas Christensen, Techowner and Founder of SuperOne, the latest partnership with FIFPRO and Footballco moves his company closer to this goal. "Footballco and FIFPRO represent the two most prominent avenues to achieve mass adoption in the football gaming industry,” he explains. “This trinity of football collaboration will disrupt the gaming industry, and we are humble, yet proud, of this achievement.” As sports fanaticism grows, the need to connect in communities, engaging in similar interests and a ‘need to find new methods to prove fanaticism’ should grow alongside it, Christensen added. To this end, SuperOne has created a unique trivia battle game aimed at football fans, addressing these problems that fans face. The first to be released is a Battle Royale game, where players fight each other to avoid elimination, be the last fan standing, and ultimately, win prizes. Growing a global brand with Footballco SuperOne is expected to benefit on global scale reach from the partnership with SuperOne, one of the largest football and media businesses owning brands such as Goal, Kooora and Mundial - and with over 640 million fans across various social, web, and social platforms, generating over 1 billion monthly views. "We are delighted to work with SuperOne to help launch their exciting offering to football fans worldwide. We share a common goal of providing football fans with memorable and rewarding digital experiences," says Footballco's VP of Global Football Partnership, Andy Jackson. As part of the launch campaign, SuperOne becomes the exclusive presenting partner of the GOAL50 - the world's biggest fan-voted player awards with an integrated content and media campaign in eight languages. SuperOne Gains Licensing For Its Trivia Game Finally, the partnership with FIFPRO, a union with over 65,000 professional footballers and national unions, SuperOne will see the Battle Trivia game acquire rights to the most comprehensive package of name, image and likeness of active football players for use, on a collective basis, in the digital entertainment sector. "We're pleased to welcome SuperOne to the FIFPRO family in an innovative partnership that champions the rights of professional players worldwide,” concluded FIFPRO’s Commercial Director, Andrew Orsatti. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
5h agocryptodaily
TRILLANT Announces its Listing on Exchanges and 1+ Dollar Million Raffle
TRILLANT integrated with two renowned cryptocurrency exchanges to list its value token, TRILLANT (TRI), and opened its trading pair TRI/USDT to be traded via these exchanges. While partnering with these exchanges, the TRILLANT Team announced its $1+ million raffle, starting in December 2022, with four winners winning enormous prizes such as a luxury sports car. With its decentralized and stable coin, TRILLION (TRIL), the company wanted to set new standards for payments between blockchains. Its goal was to create a community-based, revolutionary cryptocurrency system that would replace the old financial system. TRILLION (TRIL), which was launched on a own blockchain similar to the Litecoin blockchain,TRIL is directly pegged to 1 USD to provide value and stability. Announced through its official Telegram channel, the TRILLANT coin will be traded via xt.com and coinstore.com. TRILLANT (TRI), which is founded on the premise of sustainable trading management with high-performance metrics, proven operational strategies, and advanced risk management protocols and security measures, will be volatile when listed as it will be affected by market trends of supply and demand. According to the TRILLANT team, TRILLANT (TRI), as a central investment instrument in the TRILLANT ecosystem, is your best choice to increase the value of your assets with its usability, such as buy and hold and short- and long-term staking options. TRILLANT announced its listing on two exchanges as well as its four-month $1 million raffles with four winners beginning in December 2022. TRILLANT's largest giveaway to date will be a four-month range raffle with four evaluation periods and prizes won in each month. The 4-evaluation period in TRILLANT’s 1+ dollar million Raffle Period 1 Start: December 1st, 2022, 00.00 UTC End: December 31st, 2022, midnight UTC Period 2 Start: January 1st, 2023, 00.00 UTC End: January 31st, 2023, midnight UTC Period 3 Start: February 1st, 2023, 00.00 UTC End: February 28th, 2023, midnight UTC Period 4 Start of the fourth evaluation period: March 1st, 2023, 00.00 UTC End of the fourth evaluation period: March 31st, 2023, midnight UTC To be eligible for the 4-month raffle, you need to make a $500 one-time purchase of Trillant value tokens (TRI) on one of the listed exchanges (XT.com or Coinstore.com), then transfer to your account on trillant.com, which you will stake for 12 months at 50% staking profit at any time during the qualifying period for the specific month. For example, to qualify for the first month, December, participants have to put at least $500 into 12 months of long-term staking between December 1st and December 31st, 2022. The prize for each month will be announced on the 12th of December, the 15th of January 2023, the 15th of February 2023, and the 12th of March 2023. The winners will be announced a month after the qualifying period. JOIN THE RAFFLE About TRILLANT TRILLANT is a revolutionary community-driven cryptocurrency investment ecosystem founded and built on blockchain technology. The TRILLANT ecosystem consists of three founding pillars. Referred to as “TRIPLE T“ or “TTT,” these pillars include TRILLANT, TRILLON, and TRILLANDO. TRILLANT Value Token (TRI) is the cryptocurrency financial instrument used for staking and making weekly profits. The title TRILLANT can also be seen as a whole representation of the TRILLANT ecosystem. TRILLON Stable Coin (TRIL) is a 1:1 stablecoin that is backed up by and tethered to the US Dollar. One TRIL equals one US dollar. TRILLANDO is the integrated solution for the TRILLANT market that gives market participants more value and opportunities. The TRILLON blockchain connects marketplace users, which makes partnerships easy to set up, transparent, and hard to change. TRILLANT‘s marketplace solution positions and empowers all parties to focus on their core competencies. By putting members in touch through the TRILLANDO Marketplace and integrated blockchain services, TRILLANT creates transparency, long-term economic success, and long-term partnerships. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
5h agocryptodaily
The Hideaways (HDWY) Enjoys Rapid Growth As Ethereum (ETH) And Ripple (XRP) Prices Stagnates
The Hideaways (HDWY) is one of the few cryptocurrencies that looks promising to grow tremendously in 2023, especially in light of the current economic scenario when others like Ethereum (ETH) and Ripple (XRP) are struggling to stay afloat. Each and every one of us who is thinking about investing wants to find a way to get rich quickly and easily. Keep reading to find out more about The Hideaways (HDWY), a token that could turn out to be a surefire moneymaker. Ethereum (ETH) Shows Little Sign of Recovery Although Ethereum's (ETH) price has dropped below the $1,500 mark again in recent days, the crypto community as a whole still appears to be optimistic about the cryptocurrency's long-term prospects. The cryptocurrency community as a whole is becoming increasingly bullish as the year progresses, with the average price of Ethereum predicted to be $1,600 by the conclusion of the year. If this prediction turns out to be accurate, the price would increase by $384, or 31%, from the time of publishing. On the other hand, the news that the FTX "hacker" transferred an astonishing 15,000 ETH valued at $16 million into BTC, which is based on the on-chain data from Etherscan, could have an influence that will cause the price of Ethereum to decrease even lower. Challenges Persist For Ripple (XRP) Since the fall on June 18th, XRP's price has been rather stable around $0.288. Although it broke through the $0.381 barrier on September 20 with a vengeance, it was unable to maintain its momentum. Worsening market conditions and dwindling buying power conspired to send Ripple tumbling down below the $0.381 support level. According to indicators over longer time frames, the bottom is at the $0.288 level. As long as the Ripple (XRP) price stays over $0.381, there is no reason to worry about how low the coin can fall. As a first objective, bulls have set their sights on the $0.441 mark, which is around 10% above the current price. This is a challenging obstacle, the same as the $0.381 one. A successful reversal of this resistance, though, would allow XRP's price to once again approach the $0.509 mark. The Hideaways (HDWY) To Lead The Market In 2023 The Hideaways are going to be the first company to combine the $240 trillion real estate market with bitcoin on a single alternative investing platform. There has been so much buzz about The Hideaways recently that even Ethereum (ETH) and Ripple (XRP) investors are considering buying in. And its novel business model is a big reason why. The Hideaways (HDWY) users will have the option to invest in a NFT backed by real-world, high-end real estate. The developers of The Hideaways (HDWY) ensure that there will be no "rug-pull" panic. First off, Solid Proof's audit of it was successful and gave it high scores. After that two-year period, a vesting period will begin for team tokens that were frozen during that time by the HDWY developers. The Hideaways (HDWY) tokens are currently being sold in a presale at a price of $0.08. Investors who buy them now may see returns of up to 60x. Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
5h agocryptodaily
Diversify Your Portfolio With Bitcoin (BTC), Dogecoin (DOGE), And The Hideaways (HDWY)
Bitcoin (BTC), Dogecoin (DOGE), and The Hideaways (HDWY) are three cryptocurrencies that can help you diversify your holdings and lower your overall cryptocurrency-related risk. Given the extraordinary volatility of the cryptocurrency market, every investor needs to employ sound risk management strategies to protect their investment capital. That's where the idea of diversifying your portfolio comes in. By purchasing a wide variety of cryptos and periodically revising your asset allocation, diversification greatly lowers portfolio risk, improving your chances of protecting your holdings and making a profit. Start with researching The Hideaways. Speculators on Bitcoin (BTC) Never Lose Their Optimism Bitcoin (BTC) has had a turbulent beginning to the year, with its price dropping by as much as 70 percent from its peak. As crypto winter descends over the industry, the market decline has wiped off almost $2 trillion in cryptocurrency market value. Bitcoin (BTC) investors have reason to be nervous, but this does not change the cryptocurrency's status as the market leader. As the "king of crypto" Bitcoin (BTC) is an ideal starting point for investors looking to diversify their holdings away from traditional financial products and into cryptocurrency. The continued domination of Bitcoin (BTC) is all but certain now that major financial institutions like JP Morgan, Goldman Sachs, and Morgan Stanley have joined the fray. Dogecoin (DOGE) Sees a Double Digits Price Increase The first meme coin is skyrocketing today as the remainder of the cryptocurrency market is sleeping off its Thanksgiving feasts. According to CoinMarketCap, the value of the original meme coin, which has a market worth of $12.3 billion, has increased by about 15% in the past 24 hours, trading at $0.0937. That's a long way from May 2021, when Elon Musk presented Saturday Night Live and Dogecoin soared to an all-time high of $0.7376. Even though it was founded as a joke, Elon Musk has come to like Dogecoin (DOGE) and has outperformed all other major cryptocurrencies over the past day. Aside from rumors that Elon Musk may implement Twitter payments using Dogecoin (DOGE), it's unclear why Dogecoin (DOGE) is seeing a Black Friday rise. The Hideaways (HDWY): Highest Quality Investment With Outstanding Returns With over 10,000 individuals showing interest in The Hideaways presale, it's safe to say that it will be a huge success. Some things that set The Hideaways apart from other coins are as follows: The fractionalized NFTs created by The Hideaways will be backed by the actual luxury real estate they represent. Rents and staking will provide passive revenue for investors, which will be distributed in ETH and USDT. Smart contract audited by Soildproof means The Hideaways is a safe and legit investment. For those willing to put up as little as $100, The Hideaways offer a once-in-a-lifetime opportunity to buy a piece of luxury real estate anywhere in the globe. Because each investment property has its own unique NFT, you can rest assured that your portfolio's guaranteed minimum value will always track the market value of the underlying real estate. Coins are moving quickly in the presale, which began only a month ago. As a result, The Hideaways (HDWY) is currently priced at $0.08, but crypto analysts forecast a massive price increase of 10,000% by 2023. A purchase today will position you to gain from the project's anticipated expansion in 2022 and 2023 at a price that makes sense. If you're interested in participating in the pre-sale for The Hideaways, click on the links below. Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
5h agocryptodaily
Chainlink (LINK) And Stellar (XLM) Is Shaky - The Hideaways Remain Stable
Although Chainlink (LINK) and Stellar (XLM) used to be investors' favorite utility tokens, their patience seems to be running thin. Investors are still determining whether their investments will gather more profits. So they are slowly turning their favors to new utility coins with more growth potential. Look you for up and coming coins in this bear market, such as The Hideaways which is in its [resale stage and looks set to sell out soon. Investors Abandon Chainlink Since the recent FTX crash rattled the crypto world, Chainlink (LINK) has also experienced a decline. In the last bearish trend, Chainlink saw its price soar to $52.70. The current price of LINK is $6.74. Experts call the coin one of the worst investments because investors almost lost their money. It doesn’t help that even the top coin, Bitcoin (BTC), suffers the consequences of FTX’s collapse. BTC’s downturn prompted other coins, including LINK, to decline. Due to Chainlink's 78% decline, many investors are compelled to sell and move their funds to projects with better prospects. Stellar Trading Analysis Stellar (XLM) traded 89.8% below its previous ATH of $0.875563. Since there are more than 25 billion XLM in circulation, XLM investors should prepare for the effects of the 1% drop in value during the previous week. XLM is the 28th-largest cryptocurrency and has a market capitalization of more than $2 billion. Each XLM token was worth $0.089390 at its most recent price, with a total of $25 billion traded during the day. Experts give Stellar an average risk analysis based on the token’s price volatility and trading volume. Generally, it might be beneficial to buy and invest in XLM rather than MATIC. Neglect LINK And XLM In Favor Of The Hideaways Are you looking for a cryptocurrency investment to start your real estate business? Invest in The Hideaways (HDWY) and get a fractionalized NFT for just $0.072! Don't worry! We guarantee that your investment isn't in vain. The HDWY team set a two-year time limit on HDWY tokens! The Hideaways Checks All Criteria For The Best Crypto Investment The Hideaways have affordable prices. Your $100 initial investment will go a long way because the token price is still $0.072. It's a reliable investment. To provide stability, The Hideaways' NFTs are supported by tangible assets. A low-maintenance investment. You can take advantage of The Hideaways' high APY without continuously monitoring market movements. What’s more? Your investment is completely secure and risk-free with The Hideaways. SolidProof, renowned security, and auditing company, verified that HDWY smart contracts are 100% safe. Buy HDWY tokens now before the presale discount ends! Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
6h agocryptodaily
Metaverse Accessibility Via a Metaverse-as-a-Service Model
Experts claim that the metaverse is the new frontier - a virtual playground for brands and individuals to dive into hyper-realistic experiences. But how do brands enter this vast expanse? For starters, building in the metaverse using state-of-the-art technologies like AR, VR, and 3D modeling isn’t everyone’s cup of tea. On top of that, the existing stack of metaverse-focused technologies is largely limited to gamified virtual worlds ridden with limited engagement and integration features. Hence, it isn’t an overstatement to say that the metaverse - at least in its present state - is nothing more than a blank canvas for early adopters to continue with their tests and experimentation. MaaS: The Catalyst for Metaverse Adoption The “as-a-service” model has become the staple of the Web2 ecosystem. These days, no one wants to procure costly hardware and software or install dozens of programs on their devices. From data storage to video editing, the growth of the Software-as-a-Service (SaaS) model is among the many reasons Web2 brands have achieved such immense success. Accordingly, if metaverse wants to succeed, it needs a similar “as-a-service” model. In this context, the metaverse-as-a-service (MaaS) model can be best described as an enterprise-level solution that allows brands and organizations to build, customize, and expand their virtual presence using new-age technologies. MaaS can potentially drive the mainstream expansion and adoption of the metaverse simply because it isn’t just limited to helping big brands build equivalents that compete with established platforms. Instead, it works similarly to the SaaS or pay-as-you-use (PAYU) model, meaning organizations that don’t have extensive technical expertise can quickly build, customize, and expand their own metaverses with the click of a few buttons for a small fee. Even small and medium-sized businesses can leverage the metaverse without formidable capital expenditures. Providing the Building Blocks of Personalized Metaverses To understand how a standard MaaS platform works, let’s consider the example of MetaMetaverse. This platform allows anyone to create a personalized metaverse with built-in games, governance mechanisms, token economics, interactive and gamified experiences, and much more. The platform offers an array of features for users who wish to build their own metaverses without dealing with complex technologies and code. Put simply, MetaMetaverse is what Shopify is for eCommerce businesses. There is no learning curve. All features are easily accessible, including built-in WYSIWYG (what you see is what you get) and drag-and-drop tools. The platform features an extensive catalog of objects, tools, and textures that users can simply select and add to their metaverses. Unlike many MaaS platforms, MetaMetaverse also supports 2D and 3D assets import, meaning creators, be they DAOs, organizations, or individuals, can seamlessly upload assets from outside the platform to further customize and build according to their needs. The platform provides the building blocks needed to build full-fledged virtual economies of scale, including but not limited to eCommerce, decentralized governance, and policies, among other things. From an organizational perspective, every brand wants to create its unique identity - which is difficult to achieve when limited tools are available. Unfortunately, the existing MaaS platforms mainly revolve around solutions allowing organizations to build gated ecosystems that directly compete with existing metaverses. This results in a striking absence of creative and customizable options. By contrast, MetaMetaverse’s infrastructure empowers organizations to create multiple sub-metaverses within their metaverse. They can then resell these sub-metaverses to generate additional revenue. On top of that, organizations can customize the properties of each metaverse they build, including the capability to add preferred names, descriptions, and URLs for each. Then there’s the problem of gamification and interactivity, which directly influence user engagement, user retention, and brand growth. Creating gamified experiences featuring in-game tokens and rewards is complex. MetaMetaverse overcomes this dilemma by enabling organizations to use its existing game mechanics and assets to build highly-functional P2E games. For brands that want to develop personalized games and experiences, the platform supports the option to build custom games using its large asset library, list NFTs that will be displayed in their metaverses and sub-metaverses, and tweak the default settings to their liking. The Way Ahead The only way to achieve widespread acceptance of the metaverse is for MaaS to make it possible for users, especially those not native to blockchain and other emerging technologies, to build their own metaverses. Metaverse-as-a-service (MaaS) makes this possible without requiring any coding, empowering brands and organizations to tailor the features and functionality of their products to their target consumers' specific needs and preferences. When one peers into the future, it is not difficult to foresee that the path of the metaverse will be similar to the road that enabled the SaaS model to go mainstream. Accordingly, once the concept of MaaS becomes the norm, we will witness the true potential of the metaverse. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
7h agocoindesk
UK's Crypto Agenda Won't Be Derailed by FTX Collapse, Minister Says
The country first set out its vision of becoming a global crypto hub in April.
7h agocryptodaily
Web3 Sports Prediction App Launches on Polygon Ahead of World Cup
Maincard has just announced its main net launch just in time for the FIFA World Cup in Qatar. The sports prediction app enables users to guess the outcome of games to win prizes in crypto and NFTs. Maincard is an innovative take on sports betting, which typically involves equal parts risk and potential reward. With Maincard's NFT voting approach, players do not need to worry about losing money but still enjoy the thrill of having something riding on a game. Maincard takes to the main net ahead of Qatar 2022 Polygon-based Web3 sports prediction game has just announced its main net launch via a recent press release. The application went live on Nov. 19, one day before Qatar took on Ecuador to open the 2022 FIFA World Cup. Maincard's main net launch follows months of playtesting. The project operated various test nets, which attracted more than 14,000 sports fans to try out the app. Maincard's gameplay focuses on its NFTs, known as Maincards. Players use Maincards to vote on match outcomes for popular sports like soccer and basketball. Although limited for this initial launch, additional sports will be added in the future. Early project backers have already received rewards in Maincards for their support and can start playing the game immediately. Meanwhile, cards are available on Maincard's in-built NFT marketplace. Despite only being live for a couple of days, activity on Maincard is already booming. The current number one spot on the leaderboard has a 90% prediction success rate from 52 votes. In addition to revenue generated through MainCoins — Maincard's in-game currency — there will be weekly prizes of between 3,000 and 1,000 MATIC for gold, silver and bronze leaderboard finishes. Little risk, big rewards Maincard combines the thrill and engagement of traditional sports betting while minimizing the risk. When betting on sports with a bookmaker, the bettor must put up some money for a chance to win their stake and additional money. Therefore, they can always lose money and that's where financial issues and even addiction potential arise. With Maincard, players can moderate their risk via their choice of game mode. In the "Battle" game mode, guessing an outcome correctly earns MainCoins. Meanwhile, guessing incorrectly costs lives. Losing too many lives results in fewer MainCoins distributed as rewards for voting on correct outcomes but does not result in any immediate financial loss. For now, MainCoins only have utility within the app itself. However, exchange listings planned for Q1 2023 will further monetize the action. The second game mode, "Calls," provides a slightly riskier alternative. Rather than compete for MainCoins, players bet the cards themselves against each other. Guessing an outcome incorrectly surrenders the card used to your opponent. While this naturally carries some financial risk — Maincard NFTs are not free — the staggered process of betting individual cards per game should help prevent users from getting carried away and wagering too much, which is how most problem gambling begins. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
7h agocryptopotato
Bitcoin Sentiment in US Recovering After the FTX Meltdown (Analysis)
Is BTC coming out of the woods as the Coinbase premium has turned green for the first time in weeks?
8h agocryptodaily
ECB reports Bitcoin’s last stand
The European Central Bank put out a blog yesterday heavily maligning Bitcoin. Rarely being used for legal transactions was one its allegations. The European Central Bank (ECB) published a blog on Wednesday where it said that the number one cryptocurrency was on the “road to irrelevance”. The report pulled no punches and was scathing of Bitcoin. Bitcoin is rarely used for legal transactions Authors Ulrich Bindseil and Jürgen Schaaf included the above subtitle in their report but then made absolutely no reference at all to it within. There was no on-chain data or links to it in the text so it was left to the reader to believe the claim or not. According to blockchain analytics firm Chainalysis, illegal activity on the Bitcoin blockchain made up only 0.15% of the total transaction volume for the year 2021, which is the lowest it has ever been. Therefore the ECB author’s use of such a subtitle might be taken as misleading in the extreme. The illegal transactions section of the ECB blog article was mainly filled with making the case that in the author’s view, the value of Bitcoin was based purely on speculation, and that speculative bubbles were caused by new waves of investors coming in. Regulation can be misunderstood as approval The blog authors wanted to leave no doubt that regulation, when it arrives, does not give crypto any more legitimacy. They deplored the fact that large investors were funding lobbyists, who were in their turn trying to influence lawmakers. The fact that this is how the legislative process works for every single new piece of legislation, crypto or not, did not appear to make a difference. The slow speed of regulation, and the inability for all jurisdictions to agree on it was another area that the ECB complained about. That Bitcoin was perceived by the ECB to be an “unprecedented polluter”, was also shoe-horned into the regulation section. The claim was made that Bitcoin “consumes energy on the scale of entire economies”. However, the comparisons did not include the banking industry. In an article from 2021, Bitcoin Magazine estimated that Bitcoin emitted 70 million Mt of CO2 annually, while bank branches and ATMs produced 400 million Mt each year. Promoting Bitcoin is a reputational risk for banks To end its blog article the ECB posited that Bitcoin was not suitable for payments nor as an investment, and therefore should not be seen as legitimised by regulation. Those in the financial industry were warned as to the reputational damage they could incur by promoting Bitcoin investments for short-term profits. It was felt that as Bitcoin will make further losses, the negative impact on banks that supported cryptocurrency might tarnish the whole banking industry. Of course, it might be wondered just how much more negativity could even be inflicted on the banking industry, given that it has been riddled with fraud and manipulation over many decades. Just for the year 2020 many hundreds of millions of dollars were paid in fines for misconduct by some of the biggest banks and financial institutions. In that year Wells Fargo alone had to pay $3 billion in fines for “historic account fraud stretching back years.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
17h agocoindesk
First Mover Asia: Bitcoin Rises Again on US Fed Chair's Moderate Remarks
ALSO: Sam Reynolds writes that shipping giant Maersk and IBM's decision to wind down TradeLens highlights the failure of blockchain-based transparent ledgers, which once held great promise in a range of industries.
1 day agocryptopotato
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The Federal Reserve may have to keep rate hikes going for longer than previously expected.
1 day agocoindesk
Blockchain Protocol Komodo Offering Three-In-One Wallet, Cross-Chain Bridge and DEX
AtomicDEX Web can be accessed through any internet browser.
1 day agozycrypto
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Dogecoin traded at $0.104 at press time - a gain of 6% in the past day and 30% in the last week -coming amid speculations that Twitter could use the coin for payments.
1 day agocointelegraph
European Central Bank blasts Bitcoin —community responds
After the European Central Bank released a blog post on the shortcomings of Bitcoin, the crypto community on Twitter took to the comments to defend the cryptocurrency.
1 day agocoindesk
EU’s MiCA Crypto Law Would Have Stopped FTX Malpractice, Officials Say
Some lawmakers worry if the upcoming crypto regulations are tough enough to stem wider structural problems in the industry.
1 day agocryptopotato
Crypto Ransom Demanded to Restore Compromised Servers of Indian Hospital: Report 
It’s feared that the data of 30-40 million patients have been breached, including those of former PMs and Ministers.
1 day agocryptopotato
Huobi Partners With Dominica to Issue National Token DMC on Tron
Tron is the designated national blockchain infrastructure of the Caribbean island nation.
2 days agocoindesk
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2 days agocoindesk
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2 days agocoindesk
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2 days agocointelegraph
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About Ecomi

The live price of Ecomi (OMI) today is ? USD, and with the current circulating supply of Ecomi at ? OMI, its market capitalization stands at ? USD. In the last 24 hours OMI price has moved -0.000265 USD or -0.18% while 1,103,219 USD worth of OMI has been traded on various exchanges. The current valuation of OMI puts it at #1720 in cryptocurrency rankings based on market capitalization.

Learn more about the Ecomi blockchain network and how it works or follow the price of its native cryptocurrency OMI and the broader market with our unique COIN360 cryptocurrency heatmap.

ECOMI is a Singapore-based software company building blockchain-based products in the niche of digital collectibles since 2018. ECOMI operates two major projects – the VeVe app, a mobile-first marketplace for licensed NFTs, and Secure Wallet, a dedicated cold wallet. 

VeVe is an app to buy, sell and showcase digital collectibles. The app provides access to digital art for enthusiasts outside the crypto ecosystem through its mobile store and a secondary market for NFTs. As such, users with no specific knowledge about crypto can download the VeVe app in Apple Store or Google Play and buy the in-app currency for NFT purchases using Apple Pay or Google pay – no cryptocurrency transactions involved. 

Having secured licenses from iconic global brands, VeVe makes it possible to collect NFTs from Disney (including Marvel and Pixar), Cartoon Network, Warner Brothers, and more. The app also has AR features that bring 3D collectibles to life. 

Please note that VeVe digital collectibles can only be sold on the secondary market in VeVe, and can not be sold on major NFT marketplaces like OpenSea or LooksRare. You will also not be able to transfer your VeVe NFTs to your MetaMask wallet. 

A strong focus on non-crypto native audiences and a long list of exclusive brand partnerships helped VeVe get significant traction in the mass market. The company claims to have over 2.6 million active users and over 4 million NFTs sold. Yet, some community members sounded the alarm bells about the project’s centralization, issues with bots and questionable tokenomics. 

There are two types of tokens within the VeVe app. OMI is the native token of the ECOMI ecosystem, and GEM token is a stablecoin-like currency used to purchase digital collectibles on the VeVe marketplace. GEM tokens only exist inside the VeVe app, while ECOMI tokens are freely traded on centralized and decentralized exchanges.  

OMI price

According to the OMI live price chart, the coin saw its first major pump in Q1 2021 after nearly two flat years. 

During that major rally, OMI price in USD terms peaked at nearly $0.01344 from $0.00003867 — a 364x increase — between Feb. 1 to March 21, 2021, setting a new all-time high. However, this trend was short-lived as OMI followed a rapid decline in the coming months — falling to a local low of $0.001457 in June 2021.

Barring a mini-rally in June after VeVe revealed a partnership with Marvel, OMI started to show some signs of revival only around September 2021. It was following a wave pattern until February 2021, yet wasn’t able to reach levels anywhere near its all-time high. 

The price of OMI declined sharply in the first months of 2022, dropping below $0.03 by April. By June 2022, OMI price had fallen to nearly $0.001, losing most of its gains from the year of 2021. 

How OMI works

OMI is the native token of the ECOMI ecosystem and its medium of exchange. OMI is also used within the VeVe app for a range of utilities such as staking and in-app perks. It’s important to note that some community members criticize the OMI token model for lacking real utility in the ecosystem at the current stage. 

OMI facilitates transactions through a complex scheme and operates behind the scenes, so users usually don’t have to deal with OMI when buying NFTs in the app. 

Instead of OMI, collectors interact with GEM tokens, each representing 1 USD for the ease of use of non-crypto audiences. Yet, GEM tokens have no utility or value outside the VeVe app, and can only be converted to OMI. 

The supply of OMI is capped at 750 billion tokens, with nearly 300 billion tokens, or 40%, held in the VeVe’s Reserve Wallet as a reserve for in-app purchases. The team stated their intentions to never put these tokens into circulation. However, this pledge is not verified by any smart contract. 

Another 40% of the supply was distributed evenly between ECOMI business development and its team, advisors and board members. Another 40 billion OMI, or nearly 5% of tokens, is held by VeVe’s Reserve Wallet. This brings the share of supply held by the team to around 85%, while only around 15% of tokens were available for public sale. 

To make the tokenomics deflationary, ECOMI designed an OMI burning mechanism. Every in-app purchase burns some OMI and reduces its overall supply. Through scarcity maximization, the price of OMI is tied to the popularity of the VeVe app. In theory, the more NFTs are sold, the less would be the supply of OMI, and the higher its price.

In February 2022, OMI token’s migration from the GoChain OMI and wrapped OMI (wOMI) to the new ERC-20 OMI took place. The original GoChain OMI and wOMI are now redundant and should be swapped to the new Ethereum OMI token. Users can check out ECOMI’s official Medium account for step-by-step instructions on OMI token swaps. 

Some exchanges support both old (GoChain OMI) and new (ERC-20 OMI) tokens, so there are separate token addresses for the two chains. Users are advised to be careful when depositing or withdrawing tokens from these exchanges. 

Since the new home chain to the VeVe app is an Ethereum layer-2 solution, OMI holders also have to bridge their tokens to the Immutable X chain to use them in the VeVe app. Users will have to withdraw their tokens back from layer-2 to Ethereum (layer-1) to store OMI in wallets or trade OMI on CEXes and DEXes. Please refer to this guide for bridging OMI tokens.  

OMI news, updates and highlights

In December 2021, VeVe app migrated from the little-known GoChain to Immutable X, an Ethereum layer-2 solution with a strong focus on NFTs and gaming. 

Veve re-minted all of its NFTs on the new chain, enabling carbon-neutral and gasless minting of digital collectibles. The OMI token standard was also changed to ERC-20, and users had to swap their GoChain OMI tokens to Ethereum OMI. 

VeVe rolled out a beta version of its long-awaited web app in June 2022. At the time of writing the web app is only available to a group of whitelisted users testing the platform. 

The community has highlighted multiple concerns with  VeVe, all unaddressed at the time of writing and leading to massive FUD in the community and many labeling the project as a scam. 

First, there were no payouts available for VeVe NFT collectors until March 2022 when the platform opened access to its beta fiat off-ramp mechanism. Prior to the upgrade, users could buy GEM tokens with fiat or OMI to purchase VeVe NFTs, but could not convert their GEM tokens back to fiat, ECOMI or any other cryptos. Users could not get money out of VeVe, and all the value they earned was locked in the app. 

Collectors now can cash out their GEM profits from NFT trading, but the fiat off-ramp is still in beta with withdrawal limitations. VeVe users must have at least 1,000 GEMs (equal to 1,000 USD) to request a payout. Users can’t withdraw less than 50 GEMs or more than 50,000 GEMs in one transaction. 

Users have to complete KYC to use the payouts feature. VeVe also has a 10% fee on withdrawals, charged aside from the fees for selling NFTs on VeVe's secondary market. You can check out other details on VeVe’s fiat off-ramp in this post

Platform centralization is another pain point for VeVe users. In an attempt to defeat bots that make it hard for real users to get NFTs from new collection drops, the VeVe team mistakenly blocked accounts of regular collectors. VeVe NFTs can not be transferred out to any external wallet like MetaMask, so an account ban means that users lost all of their GEMs as well as their digital collectibles. 

In March 2022, the VeVe marketplace was hacked for millions of GEM tokens. The team had to close the marketplace for 2 days and temporarily suspend GEM purchases. While the team did not explain what specifically happened under this attack, it restricted some accounts potentially tied to hackers. 

There is another threat to VeVe's license-based business model. DC Comics, one of the prominent partners of VeVe that previously did a licensing deal with the app, launched its own marketplace in June 2022 to capture the full value of its intellectual property. Could other VeVe partners like Disney or Warner Brothers follow suit? 

Frequently asked questions about ECOMI

  • Can you mine or stake OMI tokens?

You can not mine OMI tokens, but you can stake them through AscendEX Earn. There is a 7-day unstaking period and the minimum delegation amount is 30,000 OMI. The staking APY is at 5.13% at the time of writing.

  • What are some of the best OMI wallets?

ECOMI’s Secure Wallet is the native cold wallet to OMI tokens, but you can also use any other crypto wallet compatible with the ERC-20 tokens such as MetaMask and Coinbase browser wallet. You can also use Ledger cold storage devices for your OMI holdings alongside the Ledger Live desktop app. 

  • What can you do with OMI cryptocurrency?

OMI is a utility token used primarily for facilitating transactions in the ECOMI ecosystem. You can trade OMI for other crypto assets, stake it or use it to get access to some premium features in the VeVe app. 

  • How to buy OMI? 

You can buy ECOMI coins on exchanges like gate.io, Ascendex, and OKX. You can also trade ECOMI tokens on Uniswap, using the ETH/OMI trading pair. 

Ecomi Price? USD
Market Rank#1720
Market Cap? USD
24h Volume? USD
Circulating Supply? OMI
Max SupplyNo Data
Yesterday's Market Cap? USD
Yesterday's Open / Close0.001464 USD / 0.001199 USD
Yesterday's High / Low0.001923 USD / 0.001102 USD
Yesterday's Change
-0.18% ( 0.000265 USD )
Yesterday's Volume1,103,219.40 USD
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