$BBIG news -- Vinco Ventures, Inc. (NASDAQ: BBIG)
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Posted On: 05/18/2021 7:07:17 AM
$BBIG news -- 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.
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.
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