Amc spiderman nft reddit

amc spiderman nft reddit

AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. For more information, visit amctheatres.com.

About WAX – The King of NFTs

The Worldwide Asset eXchange™ (WAX), aka the King of NFTs, is the world’s #1 blockchain, as measured by number of users and transactions, according to Dappradar.com. WAX’s mission is to bring NFTs to the mass market in the safest, most secure, environmentally friendly, and easy-to-use marketplace in the world.

Amc spiderman nft reddit

Other movie launches, including Warner Bros’ Dune and MGM’s James Bond, also used NFTs in their marketing campaigns. However, the digital assets were sold in auctions and used as an additional source of revenue as opposed to a reward.

However, some sports teams, including Mark Cuban’s NBA Mavericks and most of the NFL teams, are giving away NFTs to fans who attend the game in person. Considering how cheap and logistically uncomplicated it can be to manage NFT giveaways, it might be a good strategy to get people back to attending live events.
Other attendance-based industries might join the trend.

Meanwhile, Disney has a partnership with VeVe for digital collectibles of some of Disney’s most iconic characters, including Spider-Man, minted in statues as NFTs.

Amc spiderman nft price reddit

Buyers must have their Stubs account number associated with the purchase, and their ticket must be scanned upon entrance to the movie. In addition, the NFTs must be redeemed by March 1.

Despite the enticing offer, AMC stock was fairly unresponsive to the news, down 2% on the day.

Can AMC Stock Overcome Its Meme-ified Past?

AMC remains hopeful that it can entice the NFT bulls, and Spider-Man may be just the person it needs. Adam Aron, CEO of AMC, commented on the giveaway and said this:

“… the incredibly talented artists at Cub Studios are creating more than 100 unique NFTs giving appropriate respect to this most recent incarnation of the timeless and ever so popular Spider-Man franchise.

American movie theater company AMC Entertainment has partnered with Sony Pictures to launch a non-fungible token (NFT) project as a reward for the advance purchase of opening-day tickets to Sony’s new Spider-Man franchise, No Way Home. Cub Studios created the animations and 100 designs will be used to mint over 86,000 digital assets on the WAX blockchain to give away to the first ticket purchasers of movie tickets in all American locations.

The initiative is being used as a reward for loyalty. The reward NFT is only available to members of the AMC Investor Connect group, which is a platform that updates AMC stockholders on company news and special offers, and for members of the AMC Stubs Premiere or A-List.

AMC’s efforts to rebound from near-bankruptcy by appealing to cryptocurrency enthusiasts have continued with the announcement(Opens in a new window) that it’s giving away 86,000 non-fungible tokens (NFTs) to American members of its AMC Stubs A-List, Premiere, and Investor Connect platforms who pre-order tickets for Spider-Man: No Way Home.

The company recently started to accept payments via Bitcoin, Ethereum, and other cryptocurrencies as part of a broader push to modernize its online purchasing options. (It simultaneously added support for PayPal, Apple Pay, and other digital payment services, which typically precede a given company’s decision to start accepting crypto.)

A quick refresher: NFTs are typically pieces of art over which someone can assert ownership using the same blockchain technologies used by cryptocurrencies.

NFT codes and redemption instructions “will be delivered by AMC via email on March 8 to the email address used during ticket transaction”, reads the release.

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The studio minting the NFTs was Palm NFT Studio. Palm subsists on the Ethereum blockchain. It bills itself as more energy efficient than its rivals.

AMC The Batman NFT recipients discuss how much their tokens may be worth

The prices of NFTs are difficult to predict and/or pin down, and the AMC The Batman tokens are no exception.

AMC has not yet revealed how many such NFTs exist.

WAX is also the leading entertainment NFT network — in 2018, WAX introduced vIRLs®, giving consumer product companies the ability to directly link NFTs to physical consumer products. Co-founded in 2017 by William E. Quigley and Jonathan Yantis, WAX has facilitated the trade of more than 100 million digital collectables including Mattel, Hasbro, Major League Baseball (via Topps MLB collectables), Funko Digital POP!, Capcom’s “Street Fighter,” World Series of Poker and world-renowned entertainers Deadmau5 and Weezer. WAX is also the leading play-to-earn games and entertainment NFT network in the metaverse and is home to many of the leading blockchain games including Alien Worlds, Splinterlands, Farmers World and Farming Tales.

This special Spider-Man: No Way Home joint effort of Sony Pictures and AMC Entertainment marks the first ever NFT promotion by a major theatrical exhibitor.

A limited quantity of up to 86,000 NFTs will be made available for those AMC Stubs Premiere, A-List and Investor Connect members who are the first to purchase their opening day tickets (or in the case of AMC Stubs A-List members who are the first to reserve their seats), at any and all U.S. AMC Theatres locations.

Over 100 NFT designs will be available, specially designed by powerhouse animation studio Cub Studios, who have yielded BAFTA and Lovie awards for their work.

The Spider-Man NFT giveaway will be valid only for tickets purchased or reserved for December 16 showtimes in all formats at all AMC theaters in the United States, while supplies last.

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Key Takeaways:

  • AMC in collaboration with Sony to release Spider-Man NFTs ahead of upcoming film.
  • To be eligible, one must purchase or reserve their ticket through AMC’s website or mobile app.
  • The promotion is only valid for showings on December 16 at AMC theatres in the United States.
  • Over 100 Spider-Man-themed NFT designs will be available as codes redeemable via the Wax platform, an energy-efficient, decentralized blockchain wallet.

AMC is going all-in on blockchain technology. Earlier this month, the movie theatre chain announced that it would begin accepting cryptocurrency payments, and now it’s giving out NFTs as free ticket pre-orders for the new Spider-Man film.

CEo and president, adam aron

Does AMC offer dividends?

AMC currently does not offer dividends.

However, the company releases NFTs when new movie titles are released.

These NFTs can sell on NFT marketplaces for quite a large amount of money, depending on the rarity of course, but they’re out there.

The highest sold AMC NFT was a Spider-Man NFT that sold for $17,000 according to Adam Aron.

When Spider-Man No Way Home came out, the first movie ticket buyers received random Spider-Man NFTs.

This is another great incentive to encourage engagement and revenue for the company.

I mean, what other company is truly innovating like this?

Elon Musk announced in January Tesla would accept Dogecoin for its merchandise.

But even he hasn’t gotten involved in NFTs like Adam Aron has, with all respect to Mr.

in early December, you could sense the avalanche about to unfurl. It’s fair to say that the NFT gambit has backfired with fans, and they are not shying away from mockery.

The yarn begins with an announcement by Sony and AMC Theatres at the back end of November, with pre-ordering tickets for No Way Home. For fans who purchased tickets for the opening day of the blockbuster, they would receive one of 86,000 non-fungible tokens – a number which later climbed to 90,000.

AMC Theatres had previously become one of the first adopters of cryptocurrency as a way of purchasing tickets, food, and drink in cinemas.

The internet is so far having a field day with memes about the Spider-Man NFTs, and you may just love to see it.

The reaction to the NFTs definitely seems par for the course, as the new cryptocurrency/adult’s version of trading cards continues to skyrocket.

Current members of AMC Investor Connect, and those who sign up for Investor Connect by December 31, 2021, will receive, free of charge, an exclusive AMC NFT celebrating all of AMC’s shareholders. This exclusive, one-time NFT is yet another benefit for AMC Investor Connect members. AMC Investor Connect, which launched in June of 2021, allows self-identified AMC shareholders to sign up for exclusive benefits like free concession items, early access screenings, membership in the AMC Stubs loyalty program and communications from AMC’s senior management.

Current AMC Investor Connect members and those new Investor Connect members who sign up by December 31, will receive an email invitation to secure their NFT no later than January 31, 2022.

The NFT can be maintained either in the WAX Cloud Wallet, or certain other crypto wallets.

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