NFT’s: Understanding The Purpose For Non-Fungible Tokens – The Daily Dive feat David Yu

Joining us today for the first episode of the trading week, is that of David Yu, whom is CEO of Ecomi. Within, David provides us with a high level pitch for the company, and its involvement in the digital licensing space. David also discusses his background in licensing and digital collectibles, how his token system works and their protections against counterfeiting, as well as a recent partnership entered into with Marvel Entertainment.

Ecomi’s primary asset is VeVe, an app-based marketplace for licensed digital collectibles. With VeVe, users can obtain common, rare, or one-of-a-kind digital collectibles, customise and showcase them in the virtual showrooms, as well as buy, sell or trade collectibles with other VeVe users. The platform effectively equates to a non-fungible token, or NFT, marketplace.

The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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