In a new video, Armstrong shines a spotlight on Ecomi (OMI), a project that he believes will grow immensely as demand surges for NFTs – the unique assets that use crypto technology to essentially provide certificates of ownership in digital and real-world items such as art, virtual land, tickets or even tweets.
OMI is the native token for NFT collectibles platform VeVe, which has locked in impressive partnerships with some big-name brands, including Warner Bros., Capcom, and DC. Armstrong notes that Ecomi’s global head of licensing Alfred R. Kahn is a titan of the licensing Industry, able to gain the rights to coveted digital merchandise.
“Kahn’s properties are responsible for more than $25 billion in retail revenue. Kahn was the founder chairman and CEO of 4Kids Entertainment from 1991 until 2011. He is recognized as an industry leader and licensing behemoth. His company 4kids entertainment was responsible for some of the biggest names including Pokemon, YuGiOh, Teenage Mutant Ninja Turtles, Cabbage Patch Kids, and of course ol’ Polly Pockets.”
Kahn also helped with branding and licensing of Nintendo, Mario Bros, Zelda, Donkey Kong, James Bond, and World Wrestling Federation.
Armstrong says that while Ecomi hasn’t announced a formal partnership with those brands as of yet, with Kahn in charge of licensing, it’s likely not that far away.
“So if only some of these brands join in the NFT craze, Ecomi and the VeVe app will be successful. Ecomi looks to have the premier brands NFT space cornered similar to how Enjin (ENJ) has the gaming scene…
NFTs are the next big trend and will take the world by storm reshaping the collectibles industry, and with all these connections and partners, Ecomi will be at the head of it. Don’t take my word for it, Alfred Kahn has this to say: ‘The magnitude of blockchain technology will disrupt the collectibles industry by giving licensed brands another platform to sell on and protect their digital IP. Ecomi will set the standard in this space.”
OMI is currently trading around $0.008 and holds a $1.4 billion market cap. The asset is up roughly 30,000% on the year, according to CoinGecko.