 Welcome to another video in this video. I'm going to talk about a penny stock. There's just recently announced a NFT Division so now this is a growing industries where there's actually a lot of potential. I also believe that this penny stock is Actually best in place and best and well positioned to actually sell NFTs Because it's all very good and some of these penny stocks having an NFT division But are they best in place to capitalize on on the NFT industry that's sort of going on at the moment? And I do believe this is the one that is very much in the position to capitalize on the industry I'm going to go through why my reason for it. I'm a price in Predictions and strategies towards the end as well stay till the end of the video to get the full approach of this penny stock And if you could smash that like button that'll be highly appreciated It does help support out the channel and without further ado. We'll get into the information. I've got to say I'm not a financial advisor. I'm a business teacher But I'm by no means an expert on the stock market What I am good to do it is finding penny stocks Which I feel are in the best position for growth and I do believe this is one I've also been noticing this one for the past sort of three to four weeks But I didn't want to make a video on it yet because it did seem a little bit of a high Evaluation and the price was going up a bit too much for my liking Now it's actually come down to a really reasonable level I do think it's got a lot of potential now and I think it's getting to a bison It's getting towards a bison. Absolutely. Let's go into this the penny stock that has got NFT division Okay, so first of all to mention is that the NFT market rage is on The the NFTs market is growing. Okay, non-fungible tokens and it's grown by a market cap of 1,785 percent in 2021 So the demand for NFT is continuing to surge and the NFT market is showing no signs of slowing down Year-to-date with less than three months the combined market cap of major NFT projects has increased by 1,785 percent Okay, and this is in terms of within crypto and blockchain But also we're seeing a lot of penny stocks that are now Delving into this space and starting their own NFT projects if they can sort of sell NFTs or be involved with the service in some Where ship or form may get involved in this industry But you got to think about do these penny stocks have the position to get involved in the industry and really capitalise on it You know just because the penny stock says they get in into the industry is not enough It's more about what can they do in that industry? So we'll go into it in this in this video But you can notice that the NFT Industry is blowing up. It's growing. It's exploding. It's going to continue to grow I do see it continuing growing into the future I do see that this is going to be a huge industry It's this industry that's here to stay in the future in terms of innovation in terms of where we're going in the world I do see that the NFTs going to be a big player in this Now moving into this the talk stop what we're talking about today is live x live ticker symbol is li vx So this is in the ever-exploding sector of non fungible tokens and what they're doing is providing This NFT Division now an NFT is a is an area where they're going to be selling a range of products here on their platform But what who is live x so they're a media company who focus in on the music industry and online? Entertainment recently the company is finding publicity for its partnership with vice media So there they've got the music lives online festival and the event was a great success According to the company's press release The 72-hour live stream which featured over a hundred Popular music artists saw twenty three million of viewers Furthermore the press release contains an interesting announcement regarding its entrance into the market NFT stocks Through the event live x live has launched its first NFT products in the form of digital concert posters The company is now looking for expansion For the success of the product by creating its own dedicated NFT division so it is getting involved in the NFT industry and this is a company that does live music events Okay in terms of live digital music events and these are the people that are best in place to sell NFTs You could have them sell artists Memorabilia as an NFT you can have them sell Digital posters like they do and there's all sorts of stuff that they can do in the NFT industry Because of the type of company that it is Okay, so here. We've also got some recent news as well that they're going to be involved in the NFT industry But they're going to be creating Company might mean key moments from concerts and events as standalone collectible NFTs to sell on all major digital platforms Best off clips for the world's largest online music festival Plans to launch digital playing out cards for upcoming social gloves battle of the platforms Megabox in an entertaining event featuring the world's biggest social media stars and tiktok and YouTube That's going to bring a lot of attention to the company and it will create and sell NFTs with podcast ones network talent Okay, so again a lot of areas where they can create NFTs and there's a lot of brand awareness involved with this particular company Now live x live creates a valuable connection between Bands fans and brands by building long-term franchise in audio video Podcasting pay-per-view live streaming the specialty merchandise So this is in the best position. It's doing it's an entertainment company Providing entertainment with NFTs Where a lot of them are to do with entertainment? Okay, and providing collectibles as NFTs. I do see that there's a lot of potential here Also, some key indicators here two billion audio listens since the first 2020 179 countries registered by live stream music streaming by live music streaming 300 million people Reached via 24 hours streaming channel 1 million paid subscribers 519 hours of live music over 235 podcast shows and produces over 350 podcast episodes per week. There are all sorts of different platforms. This is a brand awareness player Okay, this company is massively expanding their brand. Okay, and with that they are expanding their revenue They've also got this increase in sponsorship and advertising because brand awareness is important for this stock because they need To get the viewers in because they're going to be selling advertisements on their platform But they're working with a range of different advertisers here It's actually increased its sales professionals to get more advertisers on board on the platform Which is of course going to impact the revenue. So that's going to be a revenue driver They've also got here some integrated Sponsorship programs with brands and successful artists They've also a new expanded sponsorship deals these now include Pepsi, McDonald's, KFC, Hyundai Corona Porsche You know all these different companies that they're getting advertisement deals with and sponsorship deals with so That's going to impact the revenue as well as they get more viewers and more advertisement deals Now what is the rationale so it's leading all in one streaming artists platform So this is a market leader in the streaming artists platform area in terms of live music events Which is good to see and it's a penny stock with lots of upside potential Recurring subscription revenue Complimented by diversified revenue streams multiple Monetization paths exclusive partnerships well positions to gain share in large addressable markets global network and distribution World-class world-class management team aligned with shareholder interests experience board and advisors with industry expertise And again, I think this combination of live digital music events and NFTs is an explosive revenue Potential in terms of that because I do believe that these two are connected with each other And I do think these two can benefit each other I also think that there's opportunity into the future and I know that they was working with Samsung at one point in terms of Virtual reality. I do see that with live events We could see virtual reality live events And I think there's a lot of potential in that area if the sort of expand favor into that area as well Now financial highlights. Okay, because we want to look at the finances LiveX has reported its 11th consecutive quarter of record revenue. This is a 96.9% year-on-year increase. Okay, so this is massively growing year-on-year 96.9% year-on-year increase is a massive amount. Okay, it's pretty much doubled its revenue And it's increased it to a record of 19.1 million in Q3 fiscal 2021 For the nine months ending the revenue increased for 54% year-on-year to 44.2 million Okay, and it's also increased its margins as well So this growing its revenue by a lot in terms of year-on-year revenue growth and quarter on quarter revenue growth Which is good to see and I do see that this has got even further revenue potential with the advertisers more advertisers getting on board with more viewers and with the NFT space that is getting involved in. Remember to like this video if you're actually finding it interesting or informative I'm going to get into some more due diligence LiveX Live has also garnered nearly 28 million live stream viewers over just three days on the recent non-stop music event from 130 global artists in 179 countries. Okay, so they hosted a music festival just recently which garnered 28 million live stream viewers Okay, so we're seeing an absolute explosion of brand awareness on this penny stop Also, you can see here that it's grown its revenue Okay, and it's looking to grow its revenue into the future 2019 33 2020 38.7 2021 they're looking between 64 million and 69.5 million revenue 2022 they're looking at 90 to 100 million revenue Okay, so they're looking at massively growing their revenue there. Those are some ambitious revenue projections Some of the benefits of this penny stock The combination of building its brand awareness because the more viewers they get the more money They're going to get from advertisements and that sort of revenue Okay, the more viewers they get they've also got more potential people that are involved in buying their exclusive NFTs and the more valuable they become Okay, so I do see that there is this is as long as they build the brand awareness Which is what they've been doing millions upon millions of views on the recent live stream They're constantly getting more viewers and more more awareness of what they're doing As long as they continue to do that that then the revenue follows because This company is nothing without it's a brand awareness So they've got to build that and continue to build that and if they do that I could see this as a massive company Because not only have they got the advertising revenue coming in but they've also got the potential Upcoming revenue with NFTs, which is fairly new This is not necessarily factored in yet, and I think that We're underestimating how much money could be made from NFTs. I mean there's people selling pixel art for millions Unbelievable think what a live music event can do digital live music event with really cool looking exclusive posters You know that I've got some interesting graphics and there's only say 10 of them Okay, and you can say that you earn one of those 10 exclusive digital posters for these live digital events They're going to go for a lot of money Okay, and I do see that there's revenue growth within the NFT space for this stock because It's congruent. What does that mean? It matches matches together. They're an entertainment company They're best in place for NFTs best in place The only other companies that would be best in place is either other media or entertainment related companies Or basically anyone that is involved in the gaming industry So These are ones that are best in place for it Other than those as well And then also there's revenue growth as well. We're seeing the evidence of revenue growth. It's growing. It's revenue It's it's you know balance sheet is looking more and more healthier in terms of that because of the revenue growth And I see that it's going to grow into the future And again with that revenue growth they can invest more into Brand awareness and building of NFTs. Okay So the more revenue that they gain the more money they can then reinvest Into the company to then make the company even bigger with its awareness of the brand of what it does The current price is at four dollars and eight Like I said, I I knew about this one a bit earlier when it was trading around five dollars fifty six dollars fifty Okay, around whether it was around this level. I knew about it, but I just thought it's a bit too expensive now It's getting a bit the value edge to get a bit too much But recently as I said, it's had a really significant drop because of the recent market conditions But also I think it was just because of the hype with the recent live of music event and people were just Buying for that then selling as the events already happened Which is interesting, but okay, but it's at four dollars, right Four dollars and what I would say is that look it's come down a lot from its recent highs To four dollars I would say if you can catch this in the three dollar range. I see this is a buying opportunity. Maybe around three dollars fifty See it's a buy It could go down to Probably at the lowest of I don't think it's going to get back to this 52 week low The lowest it's probably going to go is like two dollars 50 two dollars eighty But I do think that this could be a Ten dollar stock very very easily in towards the future So long as they Are successful in getting into this NFT industry and matching that with continued brand awareness So this penny stock's got a lot of potential if you can catch it in the three dollar range Preferably the lower three dollar range Okay, maybe three dollars to three dollars fifty I see this as a buying opportunity And I do see this one has got a lot of potential in towards the future Okay, some of the best companies out there are the ones that were involved with Social arbitrage what I mean by that Growing their brand awareness through social medias millions upon millions of eyeballs are on livex live media Okay, and with that in mind There is a lot of potential here for advertisement And making money through advertisements But also through the NFT industry So a very good one if you did enjoy the video then do smash the like button. Okay I'll tell you what I'm doing. I'm waiting for mid three dollars Lower three dollars then I might be but I will probably be buying this stock because I do like it. I've done my research on it But I want to limit my downside Okay, I know it's already dropped a lot But I just want to get it a little bit cheaper than this a little bit more cheaper And I'd be happy But again, it's getting to that point where it's like, you know Watch this like a hawk because it could drop to that level and it could bounce right back up And never see that level again in terms of the three dollar range. We'll see Okay, penny stocks are unpredictable But leave a like on the video if you did enjoy it and also remember to subscribe to the channel We cover many penny stocks growth stocks and and all sorts of stuff So if that interests you then do subscribe and I will see everybody in the next one