Since VeVe's launch, we have learned an incredible amount about our users (you), and as part of our ongoing developments, we continue to roll out features and improvements. This time ‘round the Market has seen an upgrade to Auctions for a smoother experience for buyers and sellers.
The VeVe Market
Within VeVe, users can buy or sell to other collectors in the secondary Marketplace (the Market), to complete sets or get that collectible you must have! You can place your items up for sale with a ‘Buy Now’ price, or take the more exciting route and put them up for auction!
Restricting New Accounts (Live Android and iOS)
The rollout restricts new VeVe accounts from participating in an auction within the first 72 hours of opening. This does not affect your ability to collect your favorite items with the Buy-Now option or purchase digital collectibles in the Store. However, new users will have to earn their stripes and wait three days before they can participate in an auction.
Auctions are often nail-biting events, with the final sale price being decided in the last few minutes, and sometimes even seconds! If you win an auction, you have 24 hours to pay for your collectible (you can also use this time to add Gems to your account, if you need them).
The phase 1 updates also include protection to sellers with Auctions- where winning bidders do not complete payment within 24hrs, the bidder will be restricted from the Market for 3 days. This update won’t affect most VeVe users, as you make payment within the 24hr timeframe.
Information on this channel is subjective and should not be considered financial advice and is subject to change. See disclaimer
About ECOMI
ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop-shop for digital collectibles through the VeVe app bringing pop culture and entertainment into the 21st century.
The VeVe app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the VeVe community, all from the palm of their hand.
ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market and the next to join this digital trend is the pop culture and collectibles industry.
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