What is behind the rise of Vinco Ventures Inc. (BBIG) stock?

Vinco Ventures, Inc. (BBIG), has announced the launch of a subsidiary EVNT Platform, which is expected to be a game-changer in the NFT Space. EVNT Platform aims to bring state-of-the-art 3-dimensional E-NFT’s, and full-scale NFTs to market. Evnt has purchased software assets from celebrity owned, Emmersive EntertainmentInc. The Platform further aims to combine NFT technology and celebrity audiences revolutionizing the E-NFT experience. BBIG stock price increased adjacent to the news.


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At last check in current trading, shares of Vinco Ventures Inc. (BBIG) advanced 2.75% at $2.18.  BBIG’s stock closed the previous session at $2.12.  For the last six months, Vinco Venture stock has gained a total of 26.95%, and over the last three months, the stock has increased by 35.03%.

About Vinco Ventures

Vinco Ventures, Inc. (BBIG) is a mergers and acquisition company specializing in digital marketing as well as consumer brands. Vinco Venture’s, Buy, innovate and growth strategy finds various acquisition opportunities with the potential to scale and expand through targeted advertisement and marketing campaigns. BBIG’s subsidiary platform EVNT aims to leverage their connections in the celebrity and music industry, to develop original artwork featuring various award-winning Musicians, several renowned actors, and All-Star athletes to give the fans an experience using virtual reality.

The EVNT business model provides an opportunity for collectors and fans to join an exclusive community with distinct entrance into digital events and experiences by acquiring a special token from their favorite celebrity. Furthermore, the lucrative technology will be used for the commercialization and marketing of several corporate brands, reaching a broad audience.

EVNT expects E-NFT to sell on their platform in the next three months. In addition, EVNT will also offer original NFT’s side by side with several physical items to enhance their user experience. The platform’s vision to combine this technology with deep celebrity contacts could potentially make them pioneers in revolutionizing digital entertainment.

Conclusion

BBIG long-term revenue growth and the rising stock price has proven to be a success and investments in NFTspace has peaked investor expectation for the company. Furthermore, working on revolutionary concepts such as E-Nfts and having connections in the celebrity industry has given BBIG a strong position in the trending NFT space.

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