- ECOMI’s VeVe integrates Immutable X
- The goal of the partnership is to boost premium NFTs on Ethereum
- Executives of both parties expressed their thoughts on the collaboration
ECOMI, a Singapore-based technology company, has started integrating its VeVe app-based digital collectibles marketplace into Immutable X. It was in May 2021 that ECOMI made the initial announcement regarding its partnership with Immutable X.
Immutable X is the first layer 2 (L2) solution for Ethereum that is focused on scaling non-fungible tokens (NFTs) without the need to compromise decentralization. With this integration, more than 2.6 million premium licensed NFTs have been moved to the Ethereum network.
This move, in turn, allows over 1 million registered and active VeVe users to transact with zero gas fees, exclusively own their carbon-neutral assets, and engage with the vibrant Ethereum NFT Community.
Built on top of StarkWare’s cutting-edge zero-knowledge proof technology, Immutable X’s L2 solution is made compatible with Ethereum. In addition, it allows users to enjoy massive scalability, instant transactions, and gasless NFT trades with premium collectibles from prominent brands like Marvel, DC Comics, Disney, and Warner Bros to name a few.
Furthermore, VeVe is also on the road to improving its carbon impact by offering grants worth over $7 million to environmental advocacies and nonprofits. It is also important to note that all NFTs minted and traded on the VeVe marketplace will be 100% carbon-neutral. This is due to Immutable X’s protocol that reduces computing energy, commitment to cover carbon credit costs and partnership with Trace and Cool Effect.
Moreover, the co-founder of Immutable X stated:
“VeVe switching to Immutable’s Ethereum-based scaling platform proves that scale, user experience, and carbon impact no longer have to be a trade-off with the security and liquidity of the world’s most popular blockchain. We’re thrilled to help create a scalable way for millions of people to use Ethereum’s open ecosystem.”
Likewise, Dan Crothers, the COO and co-founder of ECOMI further said:
“We’re proud to partner with the top entertainment brands in the world to offer premium digital collectibles that stand apart from many other projects in the NFT space. With our move to Immutable X, the possibilities for brands and artists alike to push the envelope are just about endless.”