Adam Aron, CEO and President of AMC Entertainment announced during the Q3 earnings conference call that AMC would be introducing NFT movie titles.
NFTs in short are non-fungible tokens known to store data using blockchain technology.
These are usually in the form of digital arts and may hold exclusive content for the buyer(s).
NFTs are changing the way we transfer information.
AMC NFTs could become extremely valuable depending on how rare certain pieces will be.
Welcome to Franknez.com – today I want to discuss the variety of ways AMC Entertainment can use NFTs to broaden their market. This is exciting.
Let’s get started!
And if you want to read more on NFTs, read this full article I published on what NFTs are and how they’re changing the world.
Today, Adam Aron announced the very first ever Spider-Man NFT is under development with Sony Pictures!
This is big news.
Here’s how NFTs can benefit AMC Entertainment as a company.
AMC Could Offer Exclusive Membership Services
Owning an AMC NFT could mean you have access to exclusive membership services.
This could be in the form of movie premiers for an entire year combined with free popcorn, drinks, and candy for example.
Of course, these NFTs wouldn’t be cheap.
They are after all exclusive tokens.
AMC Entertainment could also limit the number of NFTs for specific benefits.
Blockchain technology allows NFTs to be limited; thus making the token more exclusive, and expensive.
An AMC NFT could offer a limited or variety of benefits to their customers.
Movie Title Collectible NFTs
This is where things get extremely fun and interesting.
AMC Entertainment could make 1 of 1 movie title NFT collectibles.
These NFTs could be worth hundreds of thousands of dollars to even millions of dollars.
Especially if they make one-offs.
AMC could launch these NFTs prior to a movie premier.
The company could then raise a lot of cash based on how iconic and in demand a specific NFT is.
They could also offer other packages, say 5 out of 5.
Perhaps the one-off NFT sold but there are still 5 out of 5 of a different version out there.
NFT collectors will buy these.
See, NFTs are assets that rise in value over time.
These digital assets only get rarer, especially if there’s a limited quantity of them.
This AMC NFT news has collectors quite excited.
These will mainly be favored by movie lovers.
Spiderman No Way Home NFT
Adam Aron has introduced the first ever AMC NFT today.
AMC Entertainment is partnering up with Sony Pictures for the very first AMC NFTs will be made.
More than 100 unique Spider-Man NFTs will be given away to its first 86,000 online buyers of December 16 tickets for Spider-Man No Way Home.
These will be available only for Stubs Premier, A-List, and Investor Connect members.
Will you be claiming your Spider-Man NFT?
Let me know in the comment section below!
How Are NFTs Purchased?
NFTs are purchased with Ethereum (ETH) cryptocurrency.
While certain NFTs do accept other forms of crypto, ETH is the main currency used to purchase these digital assets and collectibles.
And if you don’t hold any ETH, you can purchase fractions of the crypto using Coinbase.
Where will AMC sell their NFTs, we don’t know yet.
While there are several NFT marketplaces, it’s uncertain which marketplace AMC will use or whether they will have their own.
Final Thoughts
These AMC Entertainment news are most certainly bullish.
The company is going to be able to raise a lot of capital from selling NFTs to their customers and to collectors.
There’s a lot of strategy that could be put into action here that would allow AMC to get out of debt too.
As AMC begins to emerge themselves in this NFT space, the value of the company could grow significantly.
The digital world is expanding.
I believe the future is bright if you’re an AMC shareholder.
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Heavy buy IMO