The first crypto-tokens, such as Bitcoin, were designed to be fungible. That is, each Bitcoin is identical, and the system was designed for the tokens to be interchangeable, and to hold the same unit of value.
Like traditional collectibles, the value of a digital collectible is in its ability to be distinguished, or unique. In order to do so, digital collectibles are created, identified, and transferred, as a unique token. They cannot be divided, and represent one unique asset in its entirety. These are called non-fungible tokens or NFT’s, and it is this protocol that was established with the ERC721 standard.
Thanks to the blockchain, and distributed ledger technology, the sale and movement of these NFT’s can be traced, verified and recorded on an immutable ledger. This means that their creation, unique identifiers, and ownership is not only traceable, but also verifiable.There can only ever be one owner of an NFT at any one time.
Although we’ve been living in a digital world for a long time, collectible items have been slow to come to the party. Up until now, it has been impossible to truly authenticate digital commodities. Not only has this become possible with the blockchain, but it has also led to a number of other practicalities that stand to revolutionise the collectible industry:
ECOMI Collect aims to visualise crypto-digital collectables using the latest in Augmented Reality (AR) technologies, which now come standard with Apple and Samsung phones. With quality, licensed materials, ECOMI will create an experience like no other, bringing to life one-of-a-kind licensed crypto-digital collectables, right in front of the owners eyes.Each crypto-digital collectables will have animated properties, such as movement and a limited range of actions. Future releases of ECOMI Collect will allow collectable owners to augment their collectables, with new clothes or props, and eventually, collectables will be able to interact with each other - for example two collectable owners could battle their one-of-a-kind Stormtroopers in the AR / 3D space.
Up until now, interacting with the blockchain and digital collectibles has been a hard and confusing sequence, requiring new users to:
For digital collectibles to truly be adopted by mainstream audiences, the process has to be simplified to the point that new users don’t even realise the underlying technologies exist, let alone understand them.
ECOMI Collect is the first platform designed to fill this gap. This decentralised application brings all of the benefits of the blockchain (security, verifiable ownership, immutable ledgers etc…) to the user in a familiar and easy to use interface. Other key points of difference include: