Vinco Ventures Combines Several Elements Young Investors Love

InvestorPlace2021-09-23

BBIG stock is the only pure-play way to pour capital in the NFT space. Savvy companies know there are a few things that create an immediate buzz among investors, such as electric vehicles, NFTs, ...

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Comments

lawteoh777
2021-09-23
lawteoh777
However, dedicating a huge portion of your portfolio to this one is not a great investment strategy.This is wise. :)
- hoa:
  wise advice
SFern
2021-09-23
SFern
Good
- SFern:
  Lol
股市搜搜搜
2021-09-23
股市搜搜搜
Good
- 股市搜搜搜:
  Lol
Darrencwj
2021-09-23
Darrencwj
Like pls
- Jweikit:
  Nice
Jimmyboy
2021-09-23
Jimmyboy
Please like and comment.
- Universe宇宙:
  ?
Jimmyboy
2021-09-23
Jimmyboy
Please like and comment.
- Universe宇宙:
  ?

Leave a comment

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Enter Vinco Ventures, Inc., a business comprising several interesting elements.\nVinco Ventures includes a TikTok-like application, non-fungible tokens (NFTs), video and music content. Due to this exciting business mode, BBIG stock caught fire. Shares are up 170% in the last month alone.\nVinco Ventures has a joint venture partnership with Ted Farnsworth-backed Zash Global Media, named ZVV Media Partners. Many investors might be familiar with Farnsworth and some of his earlier ventures; he is behind the unsuccessful MoviePass subscription service and Psychic Discovery Network, based on the more famous Psychic Friends Network.\nZVV Media Partnersrecently purchasedLomotif, a short-form video platform with over 31 million on-platform monthly active users (MAUs) as of June 2021. The intention is to build out its brand to compete with the likes of more illustrious names like TikTok.\nVinco has also purchased Emmersive Entertainment, which focuses on NFTs. The subsidiary recently came out with an NFT album from Canadian rapper Tory Lanez. There was a hard limit of 1 million albums sold with accompanying artwork at $1 each. The album has sold out. Users who picked it up initially can now resell it to make a profit. Vinco will be limited in what it can get because of its original royalty agreement with the artist. But these moves attract the casual investor.\nThat brings us to a very good point. Most of the investors interested in BBIG stock are those looking for short-term profits. The buzzwords will attract them, making the stock sensitive to any positive PR or news.\nNFTs Are Taking Over and BBIG Stock Is Reaping the Benefits\nIn the last few years, we have seen a massive change in the way people invest their hard-earned capital. After the stock market crash of 2007-2008, many investors became skeptical. However,after the longest bull market in history, investor confidence returned, and you can see it with the speculative bubble we see in several assets.\nAgainst this backdrop, it seems not a day goes by without hearing about another new collectible NFT selling for millions of dollars. Cryptocurrencies and blockchain were already concepts the investing world was struggling with, along with these digital assets.\nMichael Burry, the former head honcho at Scion Capital who managed to profit by shorting the real estate market in anticipation of the 2008 financial crisis,is a notable critic of the NFT space. He changed the header of his Twitter profile to a screenshot of the following quote: “NFTs exist so that the crypto grifters can have a new kind of magic bean to sell for actual money, and pretend they’re not selling magic beans.”\nNFTs are extremely speculative. That is true for companies connected to the space, such as Vinco Ventures. Using assets acquired in the Emmersive Entertainment takeover, it created a platform E-NFT.com. It is a streaming service dedicated to the NFT game that aims to protect artists from exploitation. It’s an important selling point. The NFT space is full of grifters and spammers who are hawking the work of others without their permission and notice.\nHowever, NFTs are still a highly volatile asset class. Yes, you could say the same thing for cryptocurrency, but at least there, you have several use cases and can trade them.\nScaling New Heights\nConsidering the hysteria surrounding NFTs, you will make short-term gains with BBIG stock. Plus, as my colleague Mark Hakepointed out in his article, the brand value of Lomotif is not fully reflected in the share price. Under these circumstances, purchasing a small number of shares will not hurt. Since this is the only NFT pure play out there.\nCrypto mining stocks andBitcoin(CCC:BTC-USD) ETFs have done very well in recent months, mainly because people want to hedge their risk when investing in this space. Keeping that in mind, it should not surprise anyone that this stock can triple in a matter of weeks.\nHowever, dedicating a huge portion of your portfolio to this one is not a great investment strategy. It could prove very costly.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":863581182,"gmtCreate":1632405896646,"gmtModify":1676530774730,"author":{"id":"4093015537749630","authorId":"4093015537749630","name":"lawteoh777","avatar":"https://static.tigerbbs.com/5ae1877cb7a2cdc2cf639fc280bc02e5","vip":1,"hat":"https://static.tigerbbs.com/3b7820dfed76481d8dc4de6ac5a7a136","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4093015537749630","idStr":"4093015537749630"},"htmlText":"However, dedicating a huge portion of your portfolio to this one is not a great investment strategy.This is wise. :)&nbsp;","listText":"However, dedicating a huge portion of your portfolio to this one is not a great investment strategy.This is wise. :)&nbsp;","text":"However, dedicating a huge portion of your portfolio to this one is not a great investment strategy.This is wise. :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863581182","repostId":1118024211,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5973604,"gmtCreate":1632411098179,"gmtModify":1663234343739,"authorId":3576020103442242,"author":{"id":3576020103442242,"idStr":"3576020103442242","authorId":3576020103442242,"name":"hoa","avatar":"https://static.tigerbbs.com/0fde20263e39879236fafd316b76c363","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863581182,"type":1,"supId":0,"prevId":0,"content":"wise advice","text":"wise advice","html":"wise 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pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863249188","repostId":1118024211,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5973234,"gmtCreate":1632409477911,"gmtModify":1663234338075,"authorId":3571822130411286,"author":{"id":3571822130411286,"idStr":"3571822130411286","authorId":3571822130411286,"name":"Jweikit","avatar":"https://static.tigerbbs.com/b483f2ee96e5c438b841f3c0a8e4ccdf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863249188,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":863228944,"gmtCreate":1632400496688,"gmtModify":1676530772771,"author":{"id":"3582072891665879","authorId":"3582072891665879","name":"Jimmyboy","avatar":"https://static.tigerbbs.com/cb9d5d497bceb3edaca216e9eeab3c22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582072891665879","idStr":"3582072891665879"},"htmlText":"Please 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