Ecomi gains users on NFT wave
The user base of the firm's VeVe app has rocketed some 11,225% in the past 90 days and currently stands at 86,000
Add BT as a preferred source
Singapore
DAVID Yu has stumbled upon a treasure trove. The chief executive and co-founder of Singapore-registered Ecomi began dabbling with non-fungible tokens (NFTs) in 2017 - the year the company was founded - partly out of personal interest and partly because he thought there might be some kind of business opportunity in it. But little did he imagine the interest that his company's VeVe app - an online marketplace allowing users to buy and sell digital collectibles - would draw.
The market for NFTs - digital collectibles which come with certifications of authenticity - has ballooned almost overnight. VeVe's user base has rocketed some 11,225 per cent in the past 90 days and currently stands at 86,000, scattered across 186 countries. The number of users continues to increase in the thousands on a daily basis, according to Mr Yu.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Indonesia bets on creative economy, IP for growth amid rising global competition
