Disney Pixar Pals’ NFTs collectibles, which were available on Veve’s digital collectibles marketplace Veve on March 13, sold out within 24 hours. All 54,995 NFTs were purchased by crypto enthusiasts.
Pixar Animation Studios’ NFTs were a collection of iconic Pixar Animation Studios characters and memorable moments. The NFT characters were Sherrif woody, Lightning McQueen and Mike Wazowski. Edna Mode was also included.
Users were purchasing their NFTs in a blind container, which meant they bought randomly and didn’t know what they had purchased. After making payment, they would only be able to see what they had purchased.
Each Pixar item was worth 60 gems (equivalent $60).
Multiplying the value of the collectibles with their unit prices yields an estimate of the total value all NFTs purchased at $3.3 million.
Within hours of the NFTs dropping, the Pixar Drop items were being sold for more than 350 gems on secondary markets.
Veve NFTs marketplace
First, Veve Marketplace is a product on the ECOMI Blockchain whose native token OMI.
The NFTs sold on Veve NFTs are currently being minted using GoChain blockchain. Developers claim that it is fast and environmentally friendly and compatible with Ethereum (ETH).
NFTs on Veve are traded using Gems, which are Veve’s in-app tokens. Gems can be converted into digital assets in a ratio of 1 to 1. It is currently not possible to convert Gems directly into fiat, but it is being tested.
Veve is a product made by ECOMI Gems and therefore has an OMI token connection. Gems can be used to buy NFT. The equivalent value of OMI tokens will be burned 100%, and the NFT will be transferred to the account of its new owner.
OMI tokens may be converted into gems, but not into OMI tokens. Gems cannot be converted in to OMI tokens because it would lower the OMI price.