Posted 9 months ago | by @devadmin

Yesterday, at 6 p.m. EST the Bitsquad telegram group had a very eventful night with an unbelievable question and answer session with NFT leading platform Ecomi’s COO Dan Crothers. During the AMA, Crothers announced an incredible partnership with General Motors and released some previews of what the team is working on. Ecomi also gave away several NFTs on their platform VeVe to the best questions asked by the Bitsquad. After the AMA, Dan expressed that this was “one of the wildest AMAs yet.”

Although, you can’t see this author’s jaw-dropping shocking response stickers to some of the announcements last night. Here’s the next best thing a full recap of our personal questions and answers segment with Dan, including the General Motors announcement, which struck everyone by surprise. We were glad to have Dan and the Ecomi/OMI team and look forward to seeing what their project VeVe has in store for the future.

The Cat [Bitboy Crypto], [25.02.21 18:02]
Welcome @DanECOMI Dan Crothers COO of Ecomi to the Bitsquad. We are glad to have you. I am your host The Cat. How are you doing today Dan?

Dan | ECOMI, [25.02.21 18:03]
Super stoked to be here! Thanks for having me on today ? ?

The Cat [Bitboy Crypto], [25.02.21 18:04]
[In reply to Dan | ECOMI]
Likewise, when I began looking into the project I was shocked how under the radar everything was. For those that don’t know though, please explain what Ecomi is and what your goals are with your app VeVe?

Dan | ECOMI, [25.02.21 18:04]
Absolutely!

Dan | ECOMI, [25.02.21 18:04]
So, ECOMI was established in and 2018 is leading the way in the mass market digital collectible space.

Dan | ECOMI, [25.02.21 18:05]
Through our app, VeVe, we offer fans the most comprehensive digital collectibles experience, with premium format 3D digital collectible NFTs from the world’s leading brands.

Dan | ECOMI, [25.02.21 18:05]
VeVe is a digital collectible experience that mirrors what fans and collectors already know and love in the physical world of collecting, and brings the world of collectibles into the right into the palm of your hand in the digital realm.

Dan | ECOMI, [25.02.21 18:06]
VeVe is a live product available right now on iOS and Androind:
iOS: https://apps.apple.com/us/app/ve-ve/id1478403837
Android: https://play.google.com/store/apps/details?id=com.ecomi.veve

The Cat [Bitboy Crypto], [25.02.21 18:06]
[In reply to Dan | ECOMI]
I was honestly shocked that Ecomi was established in 2018, and you guys have remained this under the radar. Mind blown.

Dan | ECOMI, [25.02.21 18:07]
haha yeah .. it was hard too stay so low, and our community has been suuuper patient with us throughout that time ??

Dan | ECOMI, [25.02.21 18:07]
The reason we needed to stay so under the radar was due to the license restrictions

Dan | ECOMI, [25.02.21 18:08]
But now VeVe is out, we can tell the world ?

The Cat [Bitboy Crypto], [25.02.21 18:09]
[In reply to Dan | ECOMI]
Lets discuss some of those leading brands, you guys lead an NFT event in NYC not too long ago and announced some pretty heavy hitting partners DC comics, and the NFL being two of those that sticks out the most to me.

Dan | ECOMI, [25.02.21 18:09]
For sure. So, to date Ecomi has secured more than 100+ brands which be rolled out over the coming years as epic 3D NFTs

The Cat [Bitboy Crypto], [25.02.21 18:09]
[In reply to Dan | ECOMI]
Well some of these licenses that have now materialized are some of the biggest partnerships we have seen thus far in the NFT space.

Dan | ECOMI, [25.02.21 18:10]
Some of the brands we have secured include: DC Collectibles, Ghostbusters, Harley Quinn, Batman, Superman, tokidoki, Back to the Future, Jurassic park, Monster Hunter, Ultraman, Adventure Time, Powerpuff Girls, Star Trek and many more.

Dan | ECOMI, [25.02.21 18:10]
[In reply to The Cat [Bitboy Crypto]]
yep – it was a long road to get here but super happy people are loving VeVe

The Cat [Bitboy Crypto], [25.02.21 18:11]
[In reply to Dan | ECOMI]
How does VeVe work when it comes to purchasing an NFT?

Dan | ECOMI, [25.02.21 18:12]
One of our main focuses is to ensure mainstream users can easily use the VeVe app, and for that reason all the crypto is behind the scene – but accessible if you want to access it

Dan | ECOMI, [25.02.21 18:13]
For this reason normal users can come into the app and pruchase via in-app purchase, like you would with any other app

Dan | ECOMI, [25.02.21 18:13]
and all the tokenomics happens in the background

The Cat [Bitboy Crypto], [25.02.21 18:13]
[In reply to Dan | ECOMI]
Honestly, we all have seen a lot of fake inauthentic nfts in the nft space. So it’s nice to see that there will be a platform allowing licensing for big players. This ensures that everyone who uses your platform will be getting authentic digital collectibles.

The Cat [Bitboy Crypto], [25.02.21 18:14]
[In reply to Dan | ECOMI]
Tell us all a bit about Ecomi or OMI’s tokenomics?

Dan | ECOMI, [25.02.21 18:14]
[In reply to The Cat [Bitboy Crypto]]
Yes, 100% – and in some cases, like Batman, these are the actual 3D models the artists sculpted

Dan | ECOMI, [25.02.21 18:14]
[In reply to The Cat [Bitboy Crypto]]
OMI is a utility token used to buy digital collectibles in the VeVe app both in the Store and secondary market.

Dan | ECOMI, [25.02.21 18:14]
Whenever a purchase takes place on the VeVe platform, an equivalent amount of OMI is burnt and removed from circulation, then a percentage of those purchases goes into buybacks

The Cat [Bitboy Crypto], [25.02.21 18:15]
[In reply to Dan | ECOMI]
Very cool and great to hear. Can you transfer the digital collectibles outside of the Veve app to another wallet?

The Cat [Bitboy Crypto], [25.02.21 18:16]
[In reply to Dan | ECOMI]
I imagine some of these collectibles will be worth a lot of money some day. Does Veve allow users to trade or sell their digital collectibles?

Dan | ECOMI, [25.02.21 18:16]
[In reply to The Cat [Bitboy Crypto]]
Great question, and one we get asked a lot

So VeVe digital collectibles are 100% NFTs, like you would expect. However, the caveat right now is some licensors are still a bit cautious of blockchain, so at their request the digital collectibles remain within VeVe – FOR NOW

Dan | ECOMI, [25.02.21 18:16]
Later this year we have big brands coming in who will be going straight to interoperable NFTS

Dan | ECOMI, [25.02.21 18:17]
It’s just a matter of time until the VeVe plaform is opened up

The Cat [Bitboy Crypto], [25.02.21 18:17]
[In reply to Dan | ECOMI]
In private we discussed you have a partnership to announce would you like to take the time right now to do that? ?

Dan | ECOMI, [25.02.21 18:17]
Yes!

The Cat [Bitboy Crypto], [25.02.21 18:17]
[ ? Sticker ]

Dan | ECOMI, [25.02.21 18:17]
So I’m happy to announce a new brand partner in our Vehicle category!

Dan | ECOMI, [25.02.21 18:18]
GMOMI AMA RECAP: Ecomi, $OMI Announces General Motors Partnership In Bitsquad
We are stoked to welcome General Motors!

The Cat [Bitboy Crypto], [25.02.21 18:18]
[In reply to Dan | ECOMI]
[ ? Sticker ]

The Cat [Bitboy Crypto], [25.02.21 18:18]
[In reply to Dan | ECOMI]
[ ? Sticker ]

Dan | ECOMI, [25.02.21 18:18]
What can you expect from this brand? High resolution, beautifully detailed, interactive 3D models, of all your favorite GM vehicles – from Corvettes to GM’s concepts cars throughout history!

Dan | ECOMI, [25.02.21 18:18]
That’s right – ALL THE CONCEPT CARS WHICH DONT EXIST IN RL

The Cat [Bitboy Crypto], [25.02.21 18:19]
Wow including concepts

Dan | ECOMI, [25.02.21 18:19]
These are just a few examples

GMOMIconcept AMA RECAP: Ecomi, $OMI Announces General Motors Partnership In Bitsquad

The Cat [Bitboy Crypto], [25.02.21 18:19]
That really is a huge announcement

Dan | ECOMI, [25.02.21 18:19]
AND …

The Cat [Bitboy Crypto], [25.02.21 18:19]
[In reply to Dan | ECOMI]
Can we get General Motors to make the top left one? I want one.

Dan | ECOMI, [25.02.21 18:19]
Because GM are the owners of Cadallic, I’m also super happy to announce we will be dropping the Ghostbusters Ecto-1

Dan | ECOMI, [25.02.21 18:20]
ghostbusters AMA RECAP: Ecomi, $OMI Announces General Motors Partnership In Bitsquad

Dan | ECOMI, [25.02.21 18:20]
Coming soon to a VeVe app near you ? ?

The Cat [Bitboy Crypto], [25.02.21 18:20]
[In reply to Dan | ECOMI]
[ ? Sticker ]

The Cat [Bitboy Crypto], [25.02.21 18:20]
That’s a classic

Dan | ECOMI, [25.02.21 18:20]
Fully interactive and beautifully details

Dan | ECOMI, [25.02.21 18:20]
haha yep

Dan | ECOMI, [25.02.21 18:20]
All the ghostbusters fans will love that one!

The Cat [Bitboy Crypto], [25.02.21 18:20]
[In reply to Dan | ECOMI]
Absolutely!

Dan | ECOMI, [25.02.21 18:21]
So this will be a nice addition to our growing Ghostbusters offering

The Cat [Bitboy Crypto], [25.02.21 18:21]
So I have to ask, because you guys are using GoChain as opposed to Ethereum, do you see this as a hinderance for exchange listings? Because all of these brand partners are incredible but most of the NFTs are on Ethereum. So why did you choose to use GoChain?

The Cat [Bitboy Crypto], [25.02.21 18:22]
Also Ethereum is where most of the liquidity is for trading

Dan | ECOMI, [25.02.21 18:23]
When we began development a few years ago the blockchain landscape was very different and GoChain was a good partner and serves the needs of the business. The future will ultimately support multiple chains and we are in discussion with a number of top players in the space

The Cat [Bitboy Crypto], [25.02.21 18:24]
[In reply to Dan | ECOMI]
When Ecomi to Cardano? I have to ask for my good buddy Crypto Crow. ?

Dan | ECOMI, [25.02.21 18:24]
For the interoperable NFTs, an ERC721 version can be generate to allow for interoperability

Dan | ECOMI, [25.02.21 18:25]
[In reply to The Cat [Bitboy Crypto]]
Haha, can’t say but happy to investigate ?

The Cat [Bitboy Crypto], [25.02.21 18:25]
[In reply to Dan | ECOMI]
[ ? Sticker ]

The Cat [Bitboy Crypto], [25.02.21 18:25]
I tried.

Dan | ECOMI, [25.02.21 18:25]
Don’t ask, don’t get, right? ?

The Cat [Bitboy Crypto], [25.02.21 18:25]
I am sure Charles would love you guys with all those partners.

The Cat [Bitboy Crypto], [25.02.21 18:26]
[ ? Sticker ]

Dan | ECOMI, [25.02.21 18:26]
Hook us up ?

Dan | ECOMI, [25.02.21 18:27]
btw for those wanting to learn more about our tokenomics, Rhys our epic-level comms manager, has put these articles together:
You can learn more about the tokenomics on our Medium here:
https://medium.com/ecomi/ve-ve-tokenomics-in-app-funds-and-token-buybacks-7ea8ac1a19c9

Token metrics here: https://medium.com/ecomi/getting-started-with-the-omi-token-metrics-and-details-d2b366a49be0

The Cat [Bitboy Crypto], [25.02.21 18:29]
I mean besides your partners, your team is also pretty impressive. I have to ask who is the master connector pulling all these big brands?

The Cat [Bitboy Crypto], [25.02.21 18:29]
They deserve recognition

The Cat [Bitboy Crypto], [25.02.21 18:30]
[In reply to Dan | ECOMI]
[ ? Sticker ]

Dan | ECOMI, [25.02.21 18:30]
Yes, we have a really solid team, and that is the reason we made it through the crypto winter and are still hear today

Dan | ECOMI, [25.02.21 18:30]
The core team is myself, fellow co-founder David Yu, and our SVP of licensing Alfred Kahn

Dan | ECOMI, [25.02.21 18:30]
Alfred Kahn, the man, the myth, the legend, is responsible for a little known brand called Pokemon (you may have heard of it..) as well as many other brands, and has been instrumental in helping Ecomi secure these world leading brands.

The Cat [Bitboy Crypto], [25.02.21 18:30]
David Yu hes the one that is pulling all these big connections worked 20 years in licensing right?

The Cat [Bitboy Crypto], [25.02.21 18:31]
[In reply to Dan | ECOMI]
Hmmmm no never heard of it. ?

Dan | ECOMI, [25.02.21 18:31]
It’s a team effort tbh!

Dan | ECOMI, [25.02.21 18:31]
David, myself and Al work as a team to secure the brands ?

The Cat [Bitboy Crypto], [25.02.21 18:31]
[ GIF ]

Dan | ECOMI, [25.02.21 18:31]
David Yu, CEO, is a serial entrepreneur who has been in the collectibles industry for 25 years and has chain stores around the globe selling collectibles.

Dan | ECOMI, [25.02.21 18:31]
Plus, he is a LEVEL 9000 collector (if you get my meaning) and loves to collect everything – so he truely understands what makes collectors tick and why they buy

Dan | ECOMI, [25.02.21 18:32]
[In reply to The Cat [Bitboy Crypto]]
??

The Cat [Bitboy Crypto], [25.02.21 18:32]
[In reply to Dan | ECOMI]
Very awesome!

Dan | ECOMI, [25.02.21 18:32]
As for myself, For the past 20 years I have been entrepreneurial online, growing communities into the millions, and building software solutions for some of the world’s largest toy brands. My real passion is crafting beautiful products that push the boundaries, and that is what I hope I have achieved with VeVe

The Cat [Bitboy Crypto], [25.02.21 18:32]
[In reply to Dan | ECOMI]
Team effort!

Dan | ECOMI, [25.02.21 18:32]
So the core team is well rounded in business, licensing, and tech and brings all the necessary skills to create this new product

Dan | ECOMI, [25.02.21 18:32]
[In reply to The Cat [Bitboy Crypto]]
Tag team all the way lol

The Cat [Bitboy Crypto], [25.02.21 18:33]
[In reply to Dan | ECOMI]
I was going to ask you about your own background as we kind of skipped over that in the beginning because I was too excited with all those brands I saw.

Dan | ECOMI, [25.02.21 18:33]
We have all also known each other for many many years, so team is tight!

Dan | ECOMI, [25.02.21 18:33]
haha sure!

The Cat [Bitboy Crypto], [25.02.21 18:33]
[ GIF ]

The Cat [Bitboy Crypto], [25.02.21 18:33]
I want an authentic cat pickachu collectible lets make it happen!

Dan | ECOMI, [25.02.21 18:34]
I’m basically a nerd, and have always been in the tech space, jumping in early on new tech

The Cat [Bitboy Crypto], [25.02.21 18:34]
Would you like to share anymore of your NFTs with the community today and show case them?

Dan | ECOMI, [25.02.21 18:34]
I was a bit later than most and joined the crypto space since 2017 where I got in, luckily, right before the bull market

Dan | ECOMI, [25.02.21 18:34]
Yes!

The Cat [Bitboy Crypto], [25.02.21 18:34]
[In reply to Dan | ECOMI]
When did you buy your first Bitcoin?

The Cat [Bitboy Crypto], [25.02.21 18:35]
[In reply to Dan | ECOMI]
HAHA

The Cat [Bitboy Crypto], [25.02.21 18:35]
Thats too funny man I typed that up as you answered it.

Dan | ECOMI, [25.02.21 18:35]
Got my 1st BTC in mid 2017 – AND I WISH I PURCHASED MORE BTC haha

Dan | ECOMI, [25.02.21 18:35]
We all have the crypto ragrets lol

The Cat [Bitboy Crypto], [25.02.21 18:35]
Are you also psychic?

Dan | ECOMI, [25.02.21 18:36]
haha only on thursdays

The Cat [Bitboy Crypto], [25.02.21 18:36]
[In reply to Dan | ECOMI]
I mined 100 BTC in 2010-2011 and LOST it when my hard drive crashed and I didn’t back up the seeds. So I feel your pain.

Dan | ECOMI, [25.02.21 18:36]
[In reply to The Cat [Bitboy Crypto]]
brothers in arms lol

Dan | ECOMI, [25.02.21 18:36]
So I do have a few more videos of the DeLorean to share!

The Cat [Bitboy Crypto], [25.02.21 18:36]
Sure thing stage is all yours.

The Cat [Bitboy Crypto], [25.02.21 18:37]
Feel free to share whatever you like with the community today.

Dan | ECOMI, [25.02.21 18:37]
So for those of you who are not aware, one of our brands is Back to the Future

Dan | ECOMI, [25.02.21 18:37]
and we have an amazingly detailed digital replica of the DeLorean, whihc you can soon own as an NFT

The Cat [Bitboy Crypto], [25.02.21 18:37]
Can I borrow that DeLorean to go back in time and save my seed phrases?

The Cat [Bitboy Crypto], [25.02.21 18:38]
[ ? Sticker ]

Dan | ECOMI, [25.02.21 18:38]
Vid is uploading….

Dan | ECOMI, [25.02.21 18:38]
lol

Dan | ECOMI, [25.02.21 18:38]
This is an example of the DeLorean in AR, scaled up 1 to 1

Dan | ECOMI, [25.02.21 18:39]
All our collectibles can be scaled to whatever size you want

Dan | ECOMI, [25.02.21 18:39]
[ Video ]

Dan | ECOMI, [25.02.21 18:39]
ALSO!

Dan | ECOMI, [25.02.21 18:39]
I have another preview of the DeLorean in interactive mode!

The Cat [Bitboy Crypto], [25.02.21 18:39]
I have to ask any plans to create a racing game with all these? Because that would be a good idea.

Dan | ECOMI, [25.02.21 18:40]
This of this as a digital radio control car haha

Dan | ECOMI, [25.02.21 18:40]
[ Video ]

The Cat [Bitboy Crypto], [25.02.21 18:40]
[In reply to Dan | ECOMI]
That’s so cool

Dan | ECOMI, [25.02.21 18:40]
Once in ‘Drive mode’ you can drive it around, do burnouts etc

The Cat [Bitboy Crypto], [25.02.21 18:40]
[In reply to Dan | ECOMI]
This one.

The Cat [Bitboy Crypto], [25.02.21 18:41]
[In reply to Dan | ECOMI]
That’s freaking sick

Dan | ECOMI, [25.02.21 18:41]
We are in the process of adding finishing touches, like tire smoke and tracks when doing burnouts

Dan | ECOMI, [25.02.21 18:41]
and I can tell you it is quite addictive!

The Cat [Bitboy Crypto], [25.02.21 18:41]
[In reply to Dan | ECOMI]
Oh no you almost ran someone over with an AR car

The Cat [Bitboy Crypto], [25.02.21 18:41]
[ ? Sticker ]

Dan | ECOMI, [25.02.21 18:41]
Well, they should get outta my way! ??

Dan | ECOMI, [25.02.21 18:42]
So we are really trying to push the boundaries with whats out there now

The Cat [Bitboy Crypto], [25.02.21 18:42]
[In reply to Dan | ECOMI]
Would be cool to also go beyond just AR and add race tracks in the app and for the collectibles different shelves etc. But I am sure you guys have all that coming.

The Cat [Bitboy Crypto], [25.02.21 18:42]
[In reply to Dan | ECOMI]
[ ? Sticker ]

Dan | ECOMI, [25.02.21 18:42]
and hopefully usher in a new era of digital toys, that are limited edition with full ownership

The Cat [Bitboy Crypto], [25.02.21 18:42]
[In reply to Dan | ECOMI]
Definitely man that’s incredible.

Dan | ECOMI, [25.02.21 18:43]
It’s always baby steps to start

Dan | ECOMI, [25.02.21 18:43]
Also, just in cas esome users are not aware, within VeVe you can create and decorate virtual showrooms

The Cat [Bitboy Crypto], [25.02.21 18:43]
I have one more question for you before I open the flood gates for user questions and allow a few users to win nfts.

Dan | ECOMI, [25.02.21 18:43]
Here’s an example from one of our supporters

The Cat [Bitboy Crypto], [25.02.21 18:44]
What is your roadmap?

Dan | ECOMI, [25.02.21 18:44]
haha oky, I shall prepare myself

Dan | ECOMI, [25.02.21 18:44]
[ GIF ]

The Cat [Bitboy Crypto], [25.02.21 18:44]
[In reply to Dan | ECOMI]
Oh wow that’s cool.

Dan | ECOMI, [25.02.21 18:45]
So roadmap, we have a lot of cool stuff coming this year:
– Custom branded showrooms
– OMI Staking
– Blind box openings
– The ‘VeVeVerse’ – which I can elaborate on in the future
– A Brand new type of digital product with leading licensors

and the list goes on and on

Dan | ECOMI, [25.02.21 18:46]
A new exchange listing coming very soon too, so stay tuned for that!

The Cat [Bitboy Crypto], [25.02.21 18:46]
[In reply to Dan | ECOMI]
Okay I know I said that was the last question but you just gave me more ammo for more questions with that list.

Dan | ECOMI, [25.02.21 18:46]
haha shoot

The Cat [Bitboy Crypto], [25.02.21 18:47]
[In reply to Dan | ECOMI]
Starting off, custom branded showrooms? Is that going where I think it is an example, lets say NFL player NFTs in a stadium or Cartoon Network characters in their own enviornments?

The Cat [Bitboy Crypto], [25.02.21 18:48]
[In reply to Dan | ECOMI]
Second, OMI staking will there be tiers for this and will users receive staking rewards for securing the network?

Dan | ECOMI, [25.02.21 18:48]
Yes, you are 100% bang on. So for NFL you could expect a stadium where all your collectible players can be placed on field

The Cat [Bitboy Crypto], [25.02.21 18:49]
[In reply to Dan | ECOMI]
Blind box openings would be basically a mystery box right?

Dan | ECOMI, [25.02.21 18:49]
Or maybe a batcave or corner of Gotham city for your batmans

Dan | ECOMI, [25.02.21 18:49]
Plus showrooms you can create from scratch at your own design

Dan | ECOMI, [25.02.21 18:49]
[In reply to The Cat [Bitboy Crypto]]
yes that’s correct – they are hugely popular in the collectible world

The Cat [Bitboy Crypto], [25.02.21 18:50]
that’s super cool I am stoked for all this. So essentially mystery box chance at getting a “rare” nft right?

Dan | ECOMI, [25.02.21 18:50]
[In reply to The Cat [Bitboy Crypto]]
We’re are working through the final model, but ultimately yes the idea is to reward users for staking

The Cat [Bitboy Crypto], [25.02.21 18:50]
Like opening a pack of pokemon cards

Dan | ECOMI, [25.02.21 18:50]
[In reply to The Cat [Bitboy Crypto]]
Exactly

Dan | ECOMI, [25.02.21 18:51]
1 in X chance of getting a rare

The Cat [Bitboy Crypto], [25.02.21 18:51]
Great thanks for the AMA today Dan, I learned a lot and I hope our community is as excited as I am about Ecomi and Veve.

The Cat [Bitboy Crypto], [25.02.21 18:51]
I will open the flood gates for 5 minutes get your best questions in for Dan for a chance to win some NFTs.