Vinco Ventures Announces Two Million Dollar Pre-Sale of the First of Three Exclusive Emmersive-NFTs (E-NFTs)
May 11 2021 - 8:00AM
Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective
acquisitions who leverage new market opportunities by utilizing the
B.I.G. Strategy: Buy. Innovate. Grow. today announced its
subsidiary, EVNT Platform, LLC (d/b/a Emmersive Entertainment), has
pre-sold the first of three exclusive Emmersive NFTs (E-NFTs)
released as a package investment to a private third-party investor.
The deal structure includes an initial payment
of Two Million Dollars ($2,000,000) for the three-celebrity set.
The unique digital assets are expected to generate additional
monies through revenue sharing based upon their individual sale
prices determined in an upcoming digital art auction at one of the
world’s preeminent auction houses.
“We are thrilled to have executed our first
pre-sales in the space,” said Emmersive Co-Founder, David J.
Kovacs. “We will re-define digital art and entertainment through
our Augmented Reality Experience and look to continue to push the
limits on technology. We are confident this is only the beginning
as our company becomes an industry leader within the NFT universe,”
added Kovacs.
Erik Hicks, Co-Founder of Emmersive
Entertainment said, “This is the first step in the combination of
entertainment, technology and finance for our organization. We are
creating a unique experience that will revolutionize the
entertainment industry while creating immeasurable value to the
collector.”
Emmersive Entertainment has filmed the first
artist in the three-piece collection with plans to complete it in
its entirety within the next 45-60 days.
About Vinco Ventures,
Inc.
Vinco Ventures, Inc. (BBIG) is a mergers and
acquisition company focused on digital commerce and consumer
brands. Vinco’s B.I.G. (Buy. Innovate. Grow.) strategy will seek
out acquisition opportunities that are poised for scale and grow
said acquisitions through targeted traffic and content campaigns.
For more information
visit Investors.vincoventures.com.
Forward-Looking Statements and Disclaimers
To the extent any statements contained in this
press release contains “forward-looking statements” as defined in
the Private Securities Litigation Reform Act of 1995 and the
information that are based upon beliefs of, and information
currently available to, the company’s management as well as
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company or the company’s management identify forward-looking
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with respect to future events and are subject to risks,
uncertainties, assumptions and other factors relating to the
company’s industry, its operations and results of operations and
any businesses that may be acquired by the company. Should one or
more of these risks or uncertainties materialize, or the underlying
assumptions prove incorrect, actual results may differ
significantly from those anticipated, believed, estimated,
expected, intended, or planned. Although the company believes that
the expectations reflected in the forward-looking statements are
reasonable, the company cannot guarantee future results,
performance, or achievements. Except as required by applicable law,
including the security laws of the United States, the company does
not intend to update any of the forward-looking statements to
conform these statements to actual results.
Investor Relations: Aimee
Carroll Phone:
866-900-0992 Email: Investors@vincoventures.com
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