BBIG Stock: Over 12% Increase Pre-Market Explanation

By Amit Chowdhry ● April 21, 2021
  • The stock price of Vinco Ventures Inc (NASDAQ: BBIG) increased by over 12% pre-market. This is why it happened.

The stock price of Vinco Ventures Inc (NASDAQ: BBIG) increased by over 12% pre-market. Investors are responding positively to Vinco Ventures announcing the launch of subsidiary EVNT Platform, LLC. (DBA Emmersive Entertainment), poised to disrupt the NFT Market. 

And EVNT Platform acquired software assets from celebrity-backed, Emmersive Entertainment and will be led by industry pioneers and Emmersive Entertainment co-founders David J Kovacs, international superstar Flo Rida, and Erik Hicks. EVNT Platform is going to combine the proprietary technology with celebrity audiences to create a revolutionary E-NFT experience.

EVNT is planning to bring E-NFTs (cutting edge 3-dimensional full-scale NFTs) to market this summer. Utilizing industry connections, the company will produce original artwork featuring chart-topping musicians, award-winning actors/actresses, and All-Star athletes for you to have right in your living room using augmented and virtual reality. And the EVNT strategy for its E-NFTs, includes the opportunity for collectors to automatically become members of an exclusive community of fans with unique access to digital events and experiences by owning a memorable token from their favorite celebrity. Plus the newly acquired technology will be used to advertise and market corporate brands to enhance their visibility to a broader audience.

EVNT Platform projects E-NFT Sales on their platform within the next 90 days. And EVNT will offer traditional NFT’s along with several physical items to enhance the user experience.

KEY QUOTES:

“When celebrities, international brands, and collaborators of all types come and work with us, we offer immeasurable quality assurance, coupled with disruptive technology delivered through our team of creative veterans whom themselves are visionaries in their own right. Each of our clients, with whom we work can absolutely expect a finished product that will reflect a timeless, masterful work of art.”

— Erik Hicks

“The NFT and specifically E-NFT space is truly cutting edge. After meeting the Emmersive team and viewing their technology live it was clear that they’re pushing the limits in the space. Combine their technology with deep celebrity contacts, and we are poised to change digital entertainment forever. The launch of the EVNT Platform is another step in our Be BIG strategy, and we look forward to the upcoming synergies with Lomotif as the ZASH merger progresses.”

— Brian McFadden, Chief Strategy Officer

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.