- ECOMI’s VeVe integrates Immutable X
- The goal of the partnership is to boost premium NFTs
- Executives from both parties expressed their thoughts on collaboration
Singapore-based technology company ECOMI has begun integrating the VeVe app-based digital collectibles market into Immutable X. ECOMI first announced its partnership with Immutable X in May 2021.
Immutable X is Ethereum’s first Layer 2 (L2) solution focused on scaling non-fungible tokens (NFTs) without compromising decentralization. This integration has moved over 2.6 million premium licensed NFTs to the Ethereum network.
The move will enable more than one million registered active VeVe users to trade at zero gas rates, own carbon-neutral assets exclusively and join the vibrant Ethereum NFT community.
Built on StarkWare’s state-of-the-art zero-knowledge proof technology, Immutable X’s L2 solution is compatible with Ethereum. In addition, users can enjoy massive scalability, instant transactions and gasless NFT trading with premium goods from well-known brands such as Marvel, DC Comics, Disney and Warner Bros.
In addition, VeVe is on the road to improving its carbon impact by providing more than $ 7 million in grants to environmental groups and nonprofits. It is also important to note that all NFTs cast and traded on the VeVe Marketplace are 100% carbon neutral. This is in partnership with Trace and Cool Effect, an Immutable X protocol that reduces computing energy, an effort to cover carbon credit costs.
In addition, the co-founder of Immutable X said:
“By switching VeVe to Immutable’s Ethereum-based scaling platform, scale, user experience, and carbon impact no longer have to be a trade-off between security and liquidity in the world’s most popular blockchain. We are pleased to help millions of people create scalable ways to use Ethereum’s open ecosystem. “
Similarly, Dan Crothers, COO and co-founder of ECOMI, further states:
“We are proud to partner with the world’s top entertainment brands to offer premium digital collector items that set them apart from many other projects in NFT Space. With the move to Immutable X, we are proud to offer brands and The possibilities for artists to push the boundaries as well are endless. “
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