Gem
What is a Gem? Gems are the in-app currency used in the VeVe app, with one gem equal to one US dollar. Usage: I don't have any gems left after…
Terminology, jargon and acronyms from the VeVe digital collectibles app.
Floor
What is the Floor? The floor price of a collectible is the price of the lowest priced collectible of its kind available in the marketplace. Usage: The floor price of…
Flipping
What is Flipping? Flipping is the strategy of purchasing undervalued collectibles and re-selling them for a higher price, often within a short time period. Usage: I was able to flip…
First Edition (FE)
What is First Edition (FE)? The FE tag is a tag that's used to indicate the first edition of a non-character item such an art piece. Usage: Snow globes have…
First Appearance (FA)
What is First Appearance (FA)? The FA tag is used to indicate the first appearance of a character in digital collectible format on the VeVe app. Usage: The Steve Rogers…
Fear of Missing Out (FOMO)
What is FOMO? FOMO stands for "fear of missing out", which is a powerful emotional trigger which can cause buyers to act emotionally and often overpay on the marketplace. Usage:…
Ethereum (ETH)
What is ETH? ETH stands for Ethereum, a programmable blockchain which is used by the majority of NFT projects, including VeVe. Usage: Switching between layer 1 and layer 2 OMI…
ECOMI
What is ECOMI? ECOMI is a Singapore-based company that created the VeVe app. It is also the name for the OMI token, which underpins the NFTs on the app. Usage:…
Drop
What is a Drop? A drop is when VeVe releases a new collectible or comic in the VeVe app and users compete for a chance to purchase new the item.…
Diamond Hands
What are Diamond Hands? Diamond hands are investors who hold onto their investments/collectibles long term, even if there are downturns or strong pressure to sell. Usage: I've got diamond hands,…