Why Ecomi and the VE-VE App Are a Big Deal in Bringing Crypto Collectibles (NFTs) to Mainstream Collectors
The Digital Collectibles Journal became aware of the Ecomi licensed crypto collectibles project back in December 2019. Their main goal was to create a digital collectibles platform that required no prior knowledge of blockchain tech or crypto currency. It looks like they are about to be successful at just that, with internal beta testing underway as of this writing.
We were impressed by their concept of using fiat currency to purchase a stable crypto token called Gems that never lose value in order to purchase digital blockchain collectibles on their upcoming VE-VE (pronounced vee-vee) mobile app. Ecomi also has a native cryptocurrency, called OMI Tokens. These separate from gems and will fluctuate in price based on market activity. As an altcoin, it will be interesting to see what this digital currency does on open exchanges. You can learn more about how the Ecomi economy works here.
Ecomi had boasted of bringing on some big licenses with which to launch their marketplace. Apparently, they aren’t playing around, because what we have just recently learned is going to change the digital blockchain collectibles game. They hired Alfred R. Kahn.
While Kahn isn't a household name, I do know who he is and he has had quite an effect on many households for decades. The marketing and licensing guru has been behind the mass distribution of many iconic franchises such as Teenage Mutant Ninja Turtles. But what he's most famous for was bringing Pokemon to North America. To say that was a success is a major understatement. He was successful in importing Yu-Gi-Oh from Japan, as well.
So, yes, digital collectibles enthusiasts, you need to take Ecomi and VE-VE seriously. You can't beat Kahn's track record. If he can deliver high-caliber brands to the nascent VE-VE marketplace, watch out.
ECOMI Has Their Own Crypto Wallet: Secure Wallet
Ecomi already has their own hardware crypto wallet, too, called the Secure Wallet. Not only will this be a great way to protect your Ecomi collectibles, but it already has support for popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash, with EOS, USDT and more support coming soon. The Secure Wallet also supports Ethereum ERC20 Tokens and ERC-721 collectibles (NFTs). Talk about bringing crypto even more into the mainstream!
It only gets better. Not only will collectibles you purchase be shown in your own personal Showroom and shareable on Social Media, you can even interact with them in AR (Augmented Reality). We hope to see how the value of their cryptocurrency will help back their collectibles. VE-VE runs on the Ethereum compatible Go Chain network, which will help eliminate the sometimes high transaction costs on the main Ethereum blockchain network.
You can watch their official video on how the VE-VE app will work. The Digital Collectibles Journal is excited about Ecomi’s VE-VE platform and we will be covering it closely. Stay tuned for more coverage.
In our regular Roundup series, we’ll be sharing some of the latest news and insights about digital collectibles, cryptocurrencies, and blockchain tech from the past few days. We’ll also add some of our own commentary. If there’s a link you believe should be included in one of our Digital Collectibles Roundups, let us know!
Gods Unchained mythic card sold in $31,000 auction - Story from Nederob.nl
While it’s not Gods Unchained’s most expensive card ever sold at auction - that honor still belongs to Hyperion at around $60,000 - Atlas is the first one-of-a-kind mythic rare card that a player has sold at auction. The $31,000 sum - or 210 ETH at the time - was acquired by selling the card as a digital asset on OpenSea. Notably, this same buyer has purchased $14,000 worth of other Gods Unchained cards. The other Gods Unchained unique mythic cards - Hyperion, Teyhys, and Prometheus - remain with their original owners as of this writing. Clearly, the Gods Unchained trading card market is already thriving.
Speaking of blockchain trading card games…
‘Game Changer’: Trading Cards Head to Blockchain to Transform Gameplay - Story from CoinTelegraph
While Cryptomages is another blockchain trading card game, it’s very different in gameplay than Gods Unchained. It actually has multiple battle modes and many different characters in an EXP-based trading card system. What’s interesting about Transcemdence’s game is that it’s powered by two separate blockchain networks: the TELOS blockchain for payments and the BitcoinSubsidium blockchain for the storage of the cards (NFTs) themselves. It’s going to be available on many mainstream platforms: Windows, Linux, MacOS, iOS, and Android. It’s a game worth watching.
Microsoft Validates Enjin’s Tech, Launches Azure Heroes - Story from AltCoinBuzz.io
Enjin gets their biggest partner yet, about as big as you can get in tech with Microsoft. Azure Heroes is Microsoft’s first official foray into digital collectibles, backed by ENJ - Enjin Coin. It’s a huge step forward for the Ethereum-based gaming platform, but Azure Heroes is more of a rewards system than an actual game, per se. People get stds from coaching, creating demos, and blogging about the Azure cloud computing service - essentially rewarding contributions to the tech community, But, what it does do is expose Enjin and its stable of games to a brand new and much larger audience thanks to Microsoft’s involvement. These rewards tokens could become nifty little digital collectibles investments as Enjin’s platform grows.
WAX (WAX) Launches Its Blockchain Gaming-Focused Cloud Wallet - Story From SludgeFeed
Wallets are the way to securely store all of your various cryptocurrencies and blockchain collectibles. But, there are so many to choose from, and to support all the various cryptocurrencies and tokens you acquire, you may end up having to keep track of many different wallets. While many companies are releasing innovations to crypto wallets all the time, the WAX blockchain network has launched one that’s focused towards blockchain gaming. It features two-click account creation and a simple interface to interact with the WAX dApps (decentralized Apps). This should go a long way towards WAX gaining popularity with a more mainstream audience than Ethereum or EOS.
Stryking opens auction for FC Bayern Munich crypto collectible NFTs - Story from @crypto_ninjas
In the wake of Sorare’s success with blockchain soccer trading cards, Stryking has now officially entered the fray with their FC Bayern Munich player card NFTs. However, these 18 player cards are one-of-a-kind. Stryking already has their [p[ular fantasy sports platform Football-Stars, but this is their first official foray into the blockchain collectibles market. There’s already plenty of bidding going on. It will be interesting to see what these initial one-of-ones will sell for auction’s end.
Any other blockchain or crypto news we should know about or any comments? Leave them below!
by R.A. Rowell
The developers at Immutable have watched their trading card game Gods Unchained explode in popularity. Certainly the PR gained from supporting Hearthstone players vocal about the Hong Kong protests was a major boost. But, the game has blown up mostly on its own merits. The Hearthstone like card game is fairly easy for TCG experts to learn and offers a relatively easy learning curve for newcomers.
The real draw beyond its free to play options - which big name online TCGs like Magic the Gathering Arena and Hearthstone already have - is the chance to earn actual assets on the blockchain. Gods Unchained promised an in-game marketplace, which has since launched, where players have true ownership of their cards and can trade them freely. MTG Arena and Hearthstone don't do that.
Yes, Magic the Gathering Online has long allowed you to freely trade assets within its platform. There are then workarounds to turn those assets - through the use of cleverly programmed chatbots - that allow you to turn them into PayPal cash. But those assets only exist on MTGO. Gods Unchained cards are true ERC-721 non-fungible token assets that exist on the Ethereum Blockchain - true crypto collectibles. These non-fungible tokens can be bought and sold separate of Gods Unchained on non fungible token marketplaces like OpenSea.
To say the Gods Unchained Marketplace has succeeded is an understatement. The marketplace generated over 500 ETH in transactions in its first few hours. Now, Gods Unchained has greatly surpassed former ETH transaction leader MyCryptoHeroes on OpenSea. Of course, seeing this sort of activity from a GAME with literally millions of assets being deployed and so much Ethereum and so many tokens changing hands, you wonder how sustainable it will be.
Unfortunately, sustainability may have nothing to do with the game itself, but the very blockchain it has committed to.
Is the success of Gods Unchained sustainable on the Ethereum Blockchain?
Unfortunately, the success of the in-game marketplace may be tempered by a larger problem with the Ethereum network. The problem emerges from high congestion days on the network which lead to high transaction fees, known as "gas" fees which have spiked as high as $30 per transaction. For their part, the Gods Unchained team does its best to lump transactions into as few actual Ethereum transactions, as possible. But it should be noted that many of the congestion issues come from other ERC-721 NFT transactions and DeFi (Decentralized Finance) movements. In particular, a recent drop in the price of ETH triggered many automatic liquidation requests.
Of course, you can't have a trading card game like Gods Unchained (or any popular Decentralized App, really) with the threat of such outrageous transaction costs. It will be interesting to see how the network evolves to counteract these congestion times. Gods Unchained itself may not be the reason, but if Immutable has to eat fees like that to operate, there's going to be problems.
Trading card games on other blockchain networks such as Steem and TRON haven't experienced these issues. Of course, those games haven't reached the popularity of Gods Unchained, but those networks are known for their superior scalability. It makes you wonder how sustainable massively popular games can be on Ethereum, which has been a worry for quite sometime. It's certainly now becoming a legitimate concern.
Do you think Gods Unchained will inevitably succeed on Ethereum? The game has already committed to the network. But will it eventually outgrow Ethereum and have to migrate elsewhere? Time will tell. But, for now, Gods Unchained is succeeding in what it was meant to do - become a massively popular trading card game. Let's hope the evolution of the Ethereum network can catch up.
by R.A. Rowell
For digital collectibles enthusiasts like myself, Mintable.app is a godsend. It allows you not only the ability to display and interact with crypto collectibles you already own, but also an easy way to mint your own! Previously, you had to know how to code NFTs (non fungible tokens) along with smart contracts and deploy them yourself. Mintable gives you a way to do all that easily without you having to code anything. You can even create your own Non-Fungible Tokens in bulk, drastically cutting down on the transaction fees (know on Ethereum as gas) usually related to minting. The fee is only $1 a piece, and currently you can bulk up to 40 tokens at a time.
The Digital Collectibles Journal became aware of Mintable through a news feature involving their Mintable's new partnership with Jetcoin Institute. Jetcoin is working on tokenizing up-and-coming talent in the sports and entertainment business. They already have a "Jetcoin Champion" by the name of May Myat Noe, a supermodel superstar on the rise. Using their platform, Jetcoin is working to serve as a launchpad for the careers of many up and coming sports and entertainment stars.
These blockchain-powered digital collectibles are different from your traditional collectibles in that they are tokens on the Ethereum Blockchain. These tokens use the ERC-721 smart contract protocol which has become a standard for blockchain collectibles. It's the sort of token used for CryptoKitties, Gods Unchained trading cards, and more.
While NFTs are still a tiny percentage of the collectibles market overall, they are quickly on the rise. They may not have the appeal among traditional collectors that say autographed sports cards and vintage baseball cards do. But, to many young forward-thinking investors, due to their immutability and provable authenticity, they are the future of collecting. The market cap of NFTs as collectibles is expected to grow into the billions within the next decade or so.
Many people are aware of the volatility of cryptocurrency and how one crypto coin can go from zero to a lot of money and back to zero in a hurry. But, with NFTs on established blockchain networks like Ethereum, EOS, TRON, and Steem, you can invest in crypto without taking on the risks of the native crypto coins. Now, with Mintable, you can essentially create your own crypto collectibles at will for a very small fee with zero programming knowledge. Of course, being on the massively popular Ethereum blockchain, you can freely trade them as you wish. This includes selling them on popular blockchain collectibles marketplaces such as OpenSea.
The Jetcoin partnership is just one high-profile example of what Mintable is setting out to do with their token creation platform. Now, any content creator can create their own tokens, either as a way to raise funds, create unique collectibles, or both. Of course, digital artists can use this platform to easily deploy their crypto art. Game developers can now more easily mint and deploy in-game items, too.
Mintable is going to be a revolutionary force in crypto collectibles, making it easier than ever to create NFTs for the world to enjoy. Certainly, we will see many more partnerships with Mintable to help bring the platform more exposure. With a growing, bullish market for blockchain collectibles, there’s going to be plenty of demand for what this platform offers. Imagine memorabilia for sports and entertainment being bought and sold from your phone, which is what teams, bands, and media companies are now able to do for a fairly low cost. At the end of the day, Mintable is a platform that will change the landscape of digital marketing forever.
How would you use the Mintable.app platform?
by R.A. Rowell
Thanks to a follow from their Twitter account, I discovered KnownOrigin.io, a marketplace for original digital artwork from top digital artists and illustrators. Using the Ethereum blockchain, buyers can collect their favorite pieces knowing that the work is one of a kind and a true digital asset. Digital artwork has been gaining more of a market on the blockchain, and KnownOrigin has plenty of artists with excellent works on offer.
The great news about KnownOrigin is that you can purchase items from the marketplace with either ETH (Ether cryptocurrency) or with a credit or debit card. So, if you're short on crypto, no worries! You can make offers on pieces you like for as little as 0.01 ETH or just few US dollars. Of course, you'll need an Ethereum wallet to store your digital artwork as non-fungible tokens, but many great and easy options exist for that. (I use Enjin Wallet on mobile and MetaMask on PC.)
Another cool feature of the KnownOrigin site is you can see the latest activity on the site, which is updated every 5 minutes. This shows you when a listing is created, a bid is placed or refunded, or if a price change occurs. That's a really nice feature of decentralized blockchain collectible marketplaces: transparency.
How Popular is KnownOrigin.io?
KnownOrigin began in early 2018 with just a concept and it took off quickly. The KnownOrigin project began with a simple concept: "Can we use the power of Ethereum blockchain and the integrity of digital assets in the art world to improve the proof of ownership, provenance, authenticity, and reducing forgery of artwork?" It was a success, deploying to the Ethereum mainnet in April 2018.
As of late October 2019, KnownOrigin has about 10 to 20 daily active users (DAUs), peaking at about 5 ETH in daily trading volume. The user base is slowly growing. There's been a lot more steady trading activity lately in the second half of 2019. Pieces appear to be trading hands daily. As the investment interest in digital artwork grows, I'm sure that volume is bound to increase!
If you like collecting digital artwork, definitely go check out KnownOrigin. It seems like a great way to get started in crypto collectibles, since you can use your favorite fiat currency (such as the US Dollar or Euro) by credit/debit card to purchase. If you’re a digital artist, it could be a great way to be compensated for your work. This is definitely a cool project and one the Digital Collectibles Journal will be happy to follow.
Have you ever bought and sold digital artwork on the blockchain?
DappRadar Adds Tracking for EOS and ERC-20 Non-Fungible Tokens - With Other Ethereum and TRON Blockchain Token Tracking to Come!
by R.A. Rowell
If you're into blockchain gaming and Decentralized apps (DApps), you definitely want to follow DappRadar. This website tracks the daily and total volume of the native crypto currencies used by DApps on several blockchains, as well as those DApps user bases. Currently, DappRadar tracks the blockchains for ETH, EOS, TRON, IOST, LOOM, ONT, Thundercore, and VeChain.
In mid October 2019, DappRadar added full non-fungible token tracking to its EOS DApp tracking. This is important since many apps use tokens based in their native cryptocurrencies, especially blockchain games. The results yielded a wealth of information about EOS based DApps.
Of course, the information isn't just limited to games. One of the biggest discoveries from the addition was actually related to NeoDex, a decentralized digital assets trading platform. Previously, DappRadar had tracked $1.8 million in EOS transaction volume per day. That's impressive, but with the new non-fungible token tracking, it was discovered that the platform generated an additional $1.6 million in token-based transactions daily. That's a huge jump.
Why should blockchain gamers care about the trading volume of non-gaming DApps? The health of other apps on your favorite blockchain is important. Also, knowing which tokens are trading with significant volume is important for digital collectors more interested in the crypto itself than the actual games.
Of course, the DApp token tracking did reveal information about EOS-based games such as Prospectors and EOS Knights. Since Prospectors uses PGL and not straight EOS, its transaction volume wasn't shown. But, as of this writing, we now see PGL gets about $3000 worth of transaction volume a day. That doesn't sound like much, but it's pretty good.
What's most exciting is that this full token tracking will soon be rolled out for Ethereum and TRON based DApps as well. They added ERC-20 non-fungible token tracking in November 2019. DappRadar will then be able to provide even more insights on the true health of various DApps. This transparency is one of the true hallmarks of blockchain technology. If you want to see how well, or not well, a particular DApp is doing, you can always find out. Kudos to the DappRadar team for bringing all this information to the mainstream!
Head on over to DappRadar and find your favorite DApps and see how they are doing! You may be surprised by what you find!
by R.A. Rowell
Reality Clash brings augmented reality to blockchain gaming. The multiplayer shooter essentially combines the fast paced action of Call of Duty and the augmented reality of Pokemon GO, but with trade-able blockchain assets and an in game marketplace. The game has been a hit, and from that success, its developer Reality Gaming Group is licensing its two main technology for third party developers.
These technologies are The DAT Platform (Digital Asset Trading) and the Reality Platform (Augmented Reality and geo-location enabled games). With this technology open to even more developers, blockchain games with digital assets that can be used across different games and trade-able peer-to-peer are literally coming closer to reality. A true gaming multiverse like the one that Enjin has already accelerated is going to be greatly helped with this additional blockchain technology.
Imagine owning your full loadout in Call of Duty and being able to piece it out for sale at any time. Then think about actually owning the monsters you catch in a game like Pokemon GO. Of course, there are many other applications of augmented reality games such as RPGs. It's going to be exciting seeing all of the new AR games being developed and even more watching the related blockchain collectibles market grow.
What do you think of augmented reality games? Will having trade-able digital assets make them more attractive to you?
Want to read more about blockchain gaming? Subscribe to our RSS Feed below!
by R.A. Rowell
The Sacramento Kings have already been pioneers in blockchain and cryptocurrency when it comes to sports teams. They have been accepting Bitcoin as payment in their team store since all the way back in 2014, through a partnership with BitPay, a major crypto payment processing company, . In mid-2018, the Sacramento Kings began mining Ethereum to fund a charity for tech education and workforce development in Sacramento called MiningForGood.
Now, the Sacramento Kings are bringing crypto even more into the mainstream sports world with a blockchain-powered rewards program added to their predictive gaming app Call the Shot. As fans play the game over the season, they can earn virtual points that can be traded for prizes. The program is free and the tokens earned are non-transferable with no monetary value.
The Kings rewards program is an early adoption of using blockchain technology to reward customers in new and exciting ways. Of course, these tokens are only the beginning. There’s already a push towards trade-able blockchain assets being part of rewards programs.
There’s a company called Reewardio taking blockchain tech to reimagine loyalty programs for businesses everywhere. One of their first major successes was teaming up Kriptomat with Enjin to earn Dragons that you could not only collect, but even craft, trade, and use in video games. It’s only a matter of time before we see blockchain game developers and traditional businesses team up for exciting new loyalty programs.
What rewards would you want to earn in a blockchain-powered rewards or loyalty program?
Want to read more about blockchain collectibles? Subscribe to our RSS Feed below!
by R.A. Rowell
For all that Ethereum and similar blockchains have done for gaming, there's one game genre that hasn't taken off in blockchain gaming yet. That genre is Massively Multiplayer Online games, better known as MMO's. It's one of the most popular gaming genres of all time. But, because of the massive databases that MMO's require, it would be prohibitively expensive to operate an MMO on an already established and popular blockchain such as Ethereum.RSS Feed
Also, blockchains are currently built on smart contracts. For a game like a massive fantasy MMORPG with its complex and ever changing databases to be truly decentralized, you would need blockchains that function more as a decentralized database. That's where blockchain platforms like Chromia come in.
The Chromia blockchain uses a relational model for storing information, which is the same model database systems have been using for five decades. If DApps (Decentralized Apps) are to become mainstream, using the blockchain more like a regular database could go a long way towards doing just that. That's what the Chromia team is trying to do, according to the feature on the Chromia Blockchain at Castle Crypto.
Because the Ethereum blockchain and many like it use smart contracts, users have to pay for every transaction that they make. Because MMO's are so complex, the cost for users would become ridiculously high. That doesn't happen on Chromia, where DApps run on a sidechain.
In-game transactions are paid for by the DApp, based on resource allocation fees paid to the blockchain network by those app owners. This means DApp users only have to pay for whatever the DApp decides to charge for, such as subscriptions for special features and perks, additional content, or premium in game collectible items or currency.
Even better, the Chromia Blockchain developers have proposed anchoring Chromia to either the Bitcoin or Ethereum blockchains. Not only can this make Chromia more secure, but it will also make it easier for current crypto users of these popular blockchains to adopt the platform.
Already, Chromia believes that its scalability and transaction speeds are good enough to run World of Warcraft sized applications. It has a native token called Chroma and allows for game developers to mint their own tokens from it, much like Enjin Coin has done on the Ethereum blockchain. Also, the Chromia Blockchain database is public. That means it's not controlled by any one organization.
Of course, that means if a developer makes their game open source and deploys it, that game will exist indefinitely on the blockchain. That also means that the developer can't shut it down. The Chromia team is doing its best to be transparent with who is verifying transactions, keeping it open for other providers to "fork" from the main blockchain. It all looks and sounds very promising.
The blockchain operates with the Rell programming language. As of this writing, there is only one game in development for the platform called Mines of Dalarnia. If this and other early games enjoy some success on Chromia, it may be only a matter of time before we see a true full sized MMO in blockchain gaming!
More on the Chromia blockchain as it develops!
Want to read more about blockchain gaming? Subscribe to our RSS Feed below!
by R.A. Rowell
If you've been hanging around social media for any extended period of time, you know about the power that Reddit holds on the internet. It's self proclaimed the "front page of the internet" with communities called subreddits on numerous topics. While it's potentially a great community builder and can bring enormous traffic to content, it's not without its faults.RSS Feed
Well, there's a blockchain social media alternative on the rise. It utilizes a similar interface as Reddit with upvotes and downvotes and communities. But the big difference with this relatively new social media platform is that you can actually earn by posting original content, getting upvotes on your posts, and participating in the community.
This blockchain powered social media platform with potential cryptocurrency rewards is called Uptrennd (yes, with two N's!) Their currency is the 1UP token, which can be traded for Ethereum. It's fairly easy to earn and many confirmed payouts have been reported. The site has a very friendly and vibrant community. Currently, there's only one catch: everything you post has to be related to blockchain and crypto.
Uptrennd does plan to expand into other topics later. The reason they are so focused on only crypto and blockchain at the moment is twofold. Firstly, it's sort of obvious that a social network that rewards in cryptocurrency would attract those interested in those topics. But the second and more important point is that Uptrennd is focused on having a positive, vibrant, engaged and spam-free environment no matter what the topic.
Obviously, Uptrennd has a fairly narrow focus at the time being. But, even if it stays strictly focused, that's likely just fine. I've enjoyed the platform so far and plan to become far more engaged in the near future. If you have any interest at all in blockchain or crypto, I highly recommend checking it out!
Sign Up for the Front Page of the Blockchain and Crypto Internet and earn 1UP #cryptocurrency tokens today at Uptrennd!
Want to read more about blockchain apps? Subscribe to our RSS Feed below!
R.A. Rowell is a collectibles enthusiast who comes from a long history of collecting trading cards in both sports and in Trading Card Games. He is passionate about educating the world about the future promise and benefits of digital collectibles, both on the blockchain and off.