VeVe is a digital collectibles marketplace on GoChain, which is a blockchain that is fast, environmentally friendly, compatible with Ethereum. Gems are VeVe’s in-app tokens that are pegged 1:1 to the U.S. dollar. Whenever gems are used to purchase an NFT, the equivalent value of OMI tokens, which is a token created by VeVe’s parent company ECOMI, are burned. OMI can be converted into gems, but gems cannot be converted into OMI.