Category: NFTs (Page 1 of 2)

What Are NFTs And How Will They Change The World?

What are NFTS - NFTS explained
What Are NFTs? NFTs explained

If you haven’t heard of NFTs yet, you will.

This technology is a little mind boggling in the sense that it’s so simple yet revolutionary.

NFTs are going to change the way we transmit data and connect with one another.

The NFT community is growing now quicker than ever.

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Welcome to Franknez.com – today I want to discuss what an NFT is and why this technology is growing so quickly.

Lets get started!

What Are NFTs?

NFTs, also known as non-fungible tokens, are a unit of data stored in blockchain technology.

This data is usually stored in a piece of artwork containing exclusive access and prizes for holders.

If you’re familiar with Gary Vaynerchuck, his startup VeeFriends is actually a collection of his personal NFTs.

Gary has built an NFT community where buyers gain exclusive access to VeeCon, a multi-day conference focused on business, marketing, creativity, entrepreneurship, and a lot more.

What Are NFTs Used For?

NFTs are tokens that may grant access to exclusive content, future products, prizes, or events.

Each NFT, depending on how the seller uses it, can unlock different levels of membership access. This is why NFTs are usually so expensive.

How Are NFTs Going To Change The World?

NFTs are cutting out the middle-man.

You can now sell NFTs directly without distributing tickets to your audience or community.

Business owners and entrepreneurs will be the ones to take advantage of this blockchain technology.

NFTs are also going to allow content creators to connect with the community and sell tokens for exclusive content and build a one of a kind art from that specific content creator.

These artworks are designed so that you cannot copy or duplicate them. They were originally created to protect or copyright artists’ work.

This means only one person could own the original, or a few people could own part of a scarce collection from that artist or content creator.

NFTs are changing our world by how we communicate with one another and transmit information.

For consumers, it can be a great way to keep something very personal and special from your favorite content creators.

Related: Gary Vee's 'VeeFriends' Partners Up With Toys"R"Us

How Do You Buy NFTs?

Because NFTs are Ethereum-based tokens, most marketplaces only accept ETH as a form of payment.

And if you have never purchased crypto before, check out this article on how to open your account through a crypto exchange.

Here you’ll be able to purchase Bitcoin, Ethereum, ADA, Doge, and other cryptocurrencies.

OpenSea is the world’s first and largest NFT marketplace.

How to buy NFTs
How To Buy NFTs

Anyone can create and buy NFTs here, even if you’re not a content creator or have any knowledge in blockchain tech.

Can NFTs Go Up In Value?

If you’re a collector, then you’re more than likely building a portfolio that may go up in value over the course of a few months to a few years.

NFTs certainly have the potential to go up in value depending on who the creator is.

You just never know how far this certain content creator will go or who they will impact society one day.

Buying an NFT from their younger selves today could prove to be a rare piece of art in the future.

Related: CEO announces second AMC NFT for all shareholders

Will NFTs Become Mainstream?

My personal take is they will.

The NFT community is growing every day and as more content creators find ways to provide more value to their communities, NFTs will continue to be a source of exclusivity and connection.

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Read: How to invest in Bitcoin cryptocurrency for beginners

Gary Vee’s ‘VeeFriends’ Partners Up With Toys”R”Us

VeeFriends Toys R Us
NFT News Today: VeeFriends partners with Macy’s and Toys”R”Us.

Gary Vaynerchuk’s ‘VeeFriends’ is partnering up with Toys”R”Us and Macy’s for the new launch of limited edition plush collectible characters.

The collection is converting actual digital ‘VeeFriends’ NFTs to physical plush figures.

Each collectible will have a QR code that will lead the owner to a 3D animation short film or character song.

For those who are unfamiliar, ‘VeeFriends’ is serial entrepreneur and social media expert Gary Vaynerchuk’s NFT project.

Gary Vee is known for his down to earth yet incredibly strong diction and powerful presence on stage as a mentor, coach, and motivational speaker.

He’s huge in the NFT and entrepreneurial world now bringing life to his hand drawn NFT characters.

Let’s dive into the latest NFT and business news today.

Macy’s and Toys”R”Us Resurrection

Toys R Us at Macy's

There’s no denying that ‘VeeFriends’ is going to be bringing a lot to the table for both Macy’s and Toys”R”Us.

Gary’s plush figures are being sold exclusively at these two retail stores which means the supply will only be limited to these two brands.

Toys”R”Us ceased operations in 2018 but was resurrected in 2022 when Macy’s announced the opening of Toys”R”Us stores at its retail locations in 9 states.

An additional 19 states are set to open before the holiday 2022 shopping season.

Macy’s has had its fair share of troubles too, coming close to bankruptcy at least three times in the past decade.

But the company has made a comeback and is currently profitable.

As of September 30, 2022, Macy’s Inc had a $4.3 billion market capitalization, putting it in the 82nd percentile of companies in the Retailers – Department Stores industry.

Currently, Macy’s Inc’s price-earnings ratio is 3.0. Macy’s Inc’s trailing 12-month revenue is $25.9 billion with a 6.0% profit margin.

And with limited edition ‘VeeFriends’ plush figures now entering the retail chains, one can be sure to expect a successful project.

Learn More About VeeFriends Collectibles

For more information on VeeFriends collectibles, visit the official VeeFriends page here.

Here are some words from Founder and CEO of VeeFriends, Gary Vaynerchuk:

“This partnership means way more to me than you could ever imagine. The thought that VeeFriends will be in Macy’s and Toys “R” Us simultaneously is incredible. I fondly remember growing up in Edison, New Jersey, walking down these stores’ aisles as a kid. We chose characters that we think embody exciting features for first-time collectors, much like some of the toys I picked up on the shelves of Toys “R” Us the first time. I can’t wait to see them in-store and on the shelves — it’s a full circle moment for me and a very big step for the company.”

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Here’s Why You Shouldn’t Sleep on Shiba Inu Coin

Here's why you shouldn't sleep on Shiba Inu Coin
Shiba Inu News – SHIB coin – Shiboshi – Should you buy Shiba Inu coin?

Shiba Inu Coin is up more than 57 million percent this year.

The cryptocurrency has become one of the most popular cryptos since its rise to 9300.

It’s made the top 10 list of most popular cryptocurrencies and continues to gain mass attention from the crypto community.

However, SHIB has been falling for two months straight since its runup.

Should you buy Shiba Inu coin now or wait for more dip?

franknez.com

Welcome to Franknez.com – today I want to touch topic on a beloved cryptocurrency that continues to stand out and innovate.

Let’s get started!

Shiba Inu Innovation

One of the biggest reasons you’d invest in a cryptocurrency is whether the crypto is innovating or not.

While Shiba Inu Coin might have started as a meme, it has many plans for the future that make it an attractive long-term investment for current SHIB holders.

Let’s start with some of the most recent SHIBA news.

Shiba Inu Games

Shiba Inu Games Playside Studios
Shiba Inu News – Shiba Inu Games

SHIB has announced that they are finalizing paperwork with a triple A studio (AAA Studio) to create both mobile gaming and metaverse gaming, via. Shytoshi Kusama.

And although they can’t say much, they mention that this AAA Studio has worked with the likes of Disney and Warner Bros., so you know this is going to be quality work.

In fact, the studio just launched its Twitter account this month of December.

PlaySide Studios will be the AAA Studio working on this project.

Joining the Shiba Inu team is game industry veteran, William Volk.

William Volk was the former Vice President of Tech for Activision.

“I am honored to be working with an amazing team on what will become one of the most significant games of all time”, says William.

The first game the SHIB team will be developing is called Shiboshi and will be primarily for mobile.

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The Launch of SHI Stablecoin

The next launch for Shiba Inu is SHI, a stablecoin expected to launch after the Shibarium project has gone live.

Shibarium is a layer 2 solution that essentially speeds up transaction processing and reduces gas fees, making it a better more updated platform.

According to Ryoshi, SHI is meant to be a global stable currency that is used both as a store of value and method of payment.

There is currently no set date for the release of this project, however, we know that the stablecoin will start at $0.01.

Shiba Inu Coin Now Accepted as Payment

shiba inu coin payment
Shiboshi – Shiba Inu Coin Payments – Shib Coin – Should you buy Shiba Inu coin?

Shiba Inu Coin is now being accepted in more places than ever before.

SHIB has now been accepted as a form of payment via BitPay which is going to allow a ton of merchants to accept the crypto.

This type of attention draws more investors towards buying the cryptocurrency.

We’ve also seen AMC Entertainment recently announce their acceptance of Shiba Inu Coin too.

Read: The most innovating things happening with AMC today

And with Shiba Inu Coin now trading on Kraken, it’s only a matter of time before larger trading platforms such as Robinhood begin trading the cryptocurrency.

SHIB has gone mainstream and is no longer considered to be a meme token by some.

The value this crypto is providing in projects to several communities is astonishing.

Shiboshis (Shiba Inu NFTs)

Shiboshis NFTs
Shiba Inu NFTs – Shiboshi – should you buy Shiba Inu coin?

Shiboshis are another one of Shiba Inu Coin’s innovative projects in the NFT realm.

The NFT community is changing the way we transact value, product, and services.

If you don’t know how massive NFTs are becoming or how they’re changing today’s world, you have to bookmark this article here.

While NFTs may be highly profitable investments, they’re more about community.

And it’s this community that exposes the world to SHIB and will continue to increase its value as a cryptocurrency.

Should You Buy Shiba Inu Coin?

should you buy shiba inu coin
Shiba Inu News – Should you buy it? – Shiboshi – Shib Coin

SHIB is too affordable for anyone to not put something into it.

You don’t have to make an incredibly large contribution.

But if you’re betting on innovation and a growing community like I am, then it is certainly a buy.

Some of my readers got in on SHIB before the runup when I sent out the email via my newsletter and made a lot of money trading it.

Many continue to hold it for its long-term potential.

This cryptocurrency doesn’t have to move up very much to make investors a lot of money.

Look at it this way – many people will become millionaires when SHIB hits one penny.

Yeah, it’s that affordable right now.

Regardless of investor opinion, you cannot deny SHIB knows how to provide value to a number of growing and innovating communities.

Are You Invested in Shiba Inu Coin?

franknez.com

If you’re holding Shiba Inu Coin in your portfolio, leave a comment below.

I’m curious, how many of you are holding more than 1 million SHIB?

And if you’re not invested in SHIBA yet, read my guide on how to invest in cryptocurrency for beginners, or simply open your account with Coinbase  to begin today.

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October 24, 2021 Topic Discussion with FrankNez – Shiboshi – Shib Coin

Toxic NFT Gaming Projects: Avoid These Signs at All Costs

Toxic NFT gaming projects
Here’s how to spot toxic NFT gaming projects

Published by FrankNez Team.

Games that use blockchain technology have been successfully evolving and enticing potential players in recent years, and the decentralized games industry — commonly referred to as GameFi — has risen to prominence since 2013.

However, in 2021, the importance of decentralized games increased alongside the development of NFTs.

Many firms have swiftly evolved as NFTs change the world with their inventive innovation.

The gaming industry has seen the most significant advancement. NFT gaming is finally catching on with a huge population of gamers and crypto financial investors.

Regardless, the GameFi company has its problems.

While the value pattern of Bitcoin can help GameFi projects progress, there isn’t an instant association.

Notwithstanding the downturn market, the worth of several GameFi tokens is rising due to their NFT aspect.

Investors want to profit from the sales of in-game characters and assets rather than designed to improve gamification elements.

When considering a project, assess the promoting and mechanical aspects: how well the task is developed and how the project’s currency is presented to its consumers.

However, one should be vigilant of these token initiatives that make empty assurances as scammers thrive in the industry.

The Nature of NFT Gaming

NFT gaming involves combining conventional gaming features such as scoring points, contests, and regulations of gameplay with blockchain technology.

This fusion has resulted in the creation of GameFi, a platform where users can exchange and barter game materials for cash incentives.

NFT gaming functions in a rather straightforward method.

The resources used in the virtual space are called NFTs, and they have significance among gamers since they have the ability to be auctioned.

In Axie Infinity, for example, each species is represented as an NFT.

As a trade-off for crypto benefits, gamers might fight with their NFTs.

However, NFT gaming, just like any other investment, comes with risk from scammers.

Toxic NFT Gamification

Many NFT deceptive games have a broad range and are meticulously planned.

Most financial investors in such projects are amateurs, and con artists use ads and picturesque settings to mislead and entice novice consumers.

As a result, consumers should remain sensitive to a few specifics. To counter check, gamers should also do their research on the project’s background.

They may take advantage of crypto platforms that specialise in specific coins and tokens.

Upon registration, gaming investors will then be linked to credible brokers for assistance.

With this broker connection, consumers are assured to have a safe and secured crypto journey since markets are also monitored by these experts.

They also suggest websites where consumers can trade legitimately without losing funds to fake and scam gaming projects.

Below are the things you should put in mind to easily spot a scam.

The Profitability of the Project

Each project is designed to generate revenue.

Therefore, it’s essential to know where the incremental income will come from.

A person should not engage unless they grasp the concept of a project’s benefit.

There are a lot of games that seem to be too good to be true.

They may entice the consumers with promises of one-time payment with unlimited access to the game’s top features.

Assessments from Reliable Sources

When working in a business, advertisements should never be relied upon.

It is preferable to research reviews about them on expert portals.

The blockchain local forum works fast for the development of new projects.

Any idea will be evaluated from all angles within a few hours.

Nonetheless, con artists have discovered a technique to con consumers.

A few organizations promote projects by creating positive assessments about the organization on third-party websites.

Scammers pre-register a large number of entries on discourse with the intent to deceive and misdirect.

The Developers

The project’s designers usually have a lot of expertise.

Their pasts can be found online, along with a record of how fruitful their previous experiences were.

Nonetheless, some risky activities are sent out by unknown groups in GameFi.

Because they hide behind aliases or fake handles, minimal data about them may be uncovered.

Smart contract

Crypto and NFT scams

The simplest method is using block scanners to check the project’s smart contracts.

The block scanners will get you through information on when the project was established, released to the public, the number of consumers it has, and the number of tokens distributed.

Organisation Advertisement

A multi-level marketing (MLM) framework is used in a number of GameFi projects.

This is identical to an excellent organization marketing, which isn’t a fraud itself.

Countless outstanding projects have used MLM to drive sales, but if the project has no other revenue stream than advertising, it is a dirty trick.

Aside from MLM, there should be investment services.

Legitimate projects cannot make exaggerated claims to their consumers.

Conclusion

Despite the fact that the NFT gaming industry is obviously inflated, NFTs as an investment still can’t seem to prosper.

Instead of treating NFTs as simple things you get after unending periods of grinding, they should be explored more thoroughly.

Cynics’ negative perception regarding NFT games was developed against the context of unstable trading resources with little practical application.

Genuine value can and should exist in NFTs.

Major core competencies for genuine resources and administrations are essential for the NFT industry to flourish.

Blockchain gaming will be huge, but we’re still years from global acceptance.

Individuals spend roughly $20 billion every year on game items such as accessories, weaponry, and items, making classic gaming a $60 billion market.

When the first blockchain AAA game integrates a good gameplay experience with crypto assets, we’ll see regular players and idealists shift their focus to blockchain games.

In this approach, blockchain games have a bright future.

There will very certainly be a few cheats, although seeing them in NFTs is more likely.

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Related: What Are NFTs and How Will They Change the World?

Cinemark Competes with AMC in New NFT Deal

Cinemark Competes with AMC in new Thor Love and Thunder NFT Deal with Disney
Business News: Cinemark Competes with AMC in new Thor: Love and Thunder NFT Deal with Disney

Cinemark is looking to compete with AMC Entertainment theatres in a new NFT deal it just made with Disney.

From Tuesday, June 28th, through Thursday, July 7th, rewards members will get a chance to win one of 1,000 NFTs for Marvel Studios’ upcoming Thor: Love and Thunder.

AMC Entertainment was the first company to release NFTs (non-fungible tokens) to their movie theatre guests upon the purchase of a ticket.

The largest movie theatre chain in the world has released a Spider Man No Way Home NFT, Jurassic World NFT, The Batman NFT, Lightyear NFT, and many more.

Shareholders also received a rare series one “I Own AMC” NFT.

Read how much those are worth here.

Here’s the latest market news.

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Cinemark teams up with Disney

Cinemark teams up with Disney in Thor: Love and Thunder NFT
Business News: Cinemark teams up with Disney in Thor: Love and Thunder NFT

“Cinemark is thrilled to collaborate with Disney on the release of these exclusive Marvel Studios NFTs for Thor: Love and Thunder,” said Wanda Gierhart Fearing, Cinemark Chief Marketing and Content Officer. – Box Office Pro.

The movie theatre industry has been steadily recovering ever since the pandemic struck the world in 2020.

Cinemark Holdings, Inc.’s total revenues for Q1 2022 increased by 303% to $460.5 million compared to $114.4 million for Q1 of 2021.

AMC Entertainment on the other hand earned $785.7 million in revenue during their first quarter of 2022, compared to $148.3 million in Q1 of 2021.

Cinemark’s marketing campaign to distribute Thor: Love and Thunder NFTs with Disney is a great move for the company.

However, AMC Entertainment continues to be the leader in the movie theatre industry, offering a more premium experience to its guests.

What are your thoughts on Cinemark competing with AMC Entertainment in the NFT space?

Leave a comment down below.

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Related: Will AMC Stock Go Up? [2022 Deep Dive]

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Will ApeCoin Continue to Skyrocket in Value?

Will ApeCoin continue to go up in value?
You can now buy ApeCoin with Coinbase – Will ApeCoin keep going up?

Should you get in on ApeCoin or stay the hell away from it!?

ApeCoin was made available to retail investors on Wednesday, March 16th.

The cryptocurrency comes from a partnership between The Bored Ape Yacht Club and a decentralized company, ApeCoin DAO.

The new cryptocurrency has gained the attention of the retail community primarily invested in NFTs and crypto.

But stocks, crypto, NFTs, that’s what the new generation is all about.

ApeCoin started at $1 per token and is currently trading over $14!

Will the cryptocurrency continue to go up in value?

Let’s talk about it.

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What is ApeCoin?

ApeCoin is a cryptocurrency deriving from the Ethereum blockchain launched by the Bored Ape Yacht Club (BAYC).

If you don’t know who BAYC is chances are you might have seen their popular NFTs online at some point.

They depict creative and stylish bored apes that sell tremendously high on the market!

Below is a gallery of their work.

Bored Ape Yacht Club NFTS

The company Yuga Labs is the creator of both the Bored Ape Yacht Club and now ApeCoin.

ApeCoin is owned and operated by the ApeCoin DAO, a decentralized organization where each token holder gets to vote on governance and use of the Ecosystem Fund.

What is the purpose of ApeCoin?

ApeCoin ($APE) is a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3.

The cryptocurrency is essentially creating a token for members of its community to further enrich its NFT culture.

Will Yuga Labs’ new cryptocurrency have the same ‘status’ as Bored Ape Yacht Club NFTs do?

It’s certainly possible, but I’d love to hear your thoughts on this in the comment section at the end of the article.

The project is looking to create value within the blockchain culture, which has many possibilities that are still to this date unknown.

Just like when the internet was new, this new culture of blockchain technology is going to change the world.

Crypto, NFTs, and everything that we currently know in the space is just the beginning.

Where can you buy ApeCoin?

Buy ApeCoin with Coinbase
Buy ApeCoin with Coinbase

You can buy ApeCoin through a crypto exchange such as:

  • Coinbase
  • Gemini
  • CoinMarketCap
  • Binance
  • Kraken
  • FTX

Something curious happened when the new cryptocurrency launched, it was available on every major crypto exchange.

The crypto is still fairly new and I anticipate as it continues to gain more attention, more retail investors will take a position.

How many ApeCoin tokens are in circulation?

ApeCoin circulation - ApeCoin supply
Will ApeCoin keep going up?

ApeCoin has a total max supply of 1 billion tokens and 277.5 million are currently in circulation, which equivalates to only 28% of the total supply.

ApeCoin’s total max supply is less than Cardano (ADA, 45b), Ripple (XRP, 100b), and Algorand (ALGO, 10b).

While the new cryptocurrencies circulating supply is relatively low compared to its max supply, investors must be aware that developers may increase the circulating supply at any moment.

Increasing the supply (like any other cryptocurrency) would lower the price of ApeCoin.

The cryptocurrency is still a highly speculative play and investors should always due extensive research to identify and estimate whether the cryptocurrency will continue to go up in value.

Open an account with Coinbase

Interesting facts about ApeCoin

Will Ape Coin go up

The creators of ApeCoin distributed the cryptocurrency for free to every Bored Ape Yacht Club holder.

For each Bored Ape you own, you’re entitled to 10,094 $APE.

That’s equivalent to $150,000 today.

So far, around 110 million APE tokens have been claimed by NFT holders.

Yuga Labs is getting 150 million APE, 10 million of which (“or equal value”) will go to the Jane Goodall Legacy Foundation.

140 million $APE will go to the companies and people that helped initiate the project.

The 80 million $APE going to its founders of Yuga Labs will be locked for the first 12 months so holders cannot cash out and tank the price.

So, is APE worth buying and holding for a year?

Let me know what you think in the comment section below.

How is ApeCoin being used?

Benji Bananas
Will Ape Coin go up

A mobile game called Benji Bananas, developed by Animoca Brands (whose co-founder, Yat Siu, is on the board of the Ape Foundation), is adopting ApeCoin as a kind of in-game currency. 

For 25 ApeCoins, you can buy a Benji Bananas Membership Pass, which lets you earn “special tokens” in-game.

Those tokens can then be swapped for actual ApeCoins.

So far, this is the only utility of APE as it’s relatively new.

ApeCoin is part of the Bored Ape Yacht Club’s ecosystem and I expect a lot more utility will be offered in the future as we enter the metaverse and blockchain technology becomes more familiar.

What we do know is that APE will be used to access merchandise, events, and services later on.

How much is $APE worth?

At the time of this article, ApeCoin is currently trading in the market for $23.85.

Its current market cap is $7.1B with a typical hold time of 25 days according to Coinbase.

An improvement from earlier this March as seen below.

APE Market Stats – Will Ape Coin go up?

If retail investors decide to go long on APE then we can expect the typical hold time to increase.

ApeCoin is up more than 2,300% since its inception and has gained a lot of popularity across multiple crypto exchanges.

The $12-$13 price range seemed to be a foundation for APE although the cryptocurrency has begun to set new ATHs.

Granted, it’s only been two months, but I’d love to know your thoughts on how high this crypto asset can go.

Open an account with Coinbase

Is ApeCoin a buy?

franknez.com

It’s definitely worth keeping an eye out on it.

What are your thoughts on APE?

Are you buying the new cryptocurrency or are you giving it time and keeping an eye out on more crypto news?

Join my newsletter for updates.

Leave a comment below with your thoughts and ideas on what’s coming next with $APE.

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Ape Coin – should you buy in or not? Will Ape Coin go up?

Is There a Possibility Amazon is going to buy AMC Entertainment?

Amazon to buy AMC - Amazon AMC
Jeff Bezos – CEO of Amazon (AMZN)

For months now investors have been curious whether Amazon is going to buy AMC Entertainment or not.

The topic resurfaced in 2021 when investors speculated ways AMC stock’s share price could surge.

Today AMC is up more than 29% this week.

The company recently held their Q4 earnings call and announced their cryptocurrency news.

So, is there a possibility Amazon is going to buy AMC Entertainment in 2022?

And does the century old movie theatre chain even need an acquisition?

Let’s discuss it.

franknez.com

Welcome to Franknez.com – don’t forget to join the newsletter for more market news and updates. Today we’re discussing the possible Amazon acquisition of AMC theatres.

Let’s dive right into it!

If you’re new to the blog, welcome! My name is Frank Nez and I publish daily content to keep you up to date on what you want to know.

Reach out in the comment section at the end of the article or via social media if you have any questions or inquiries for me.

If you are a returning visitor thank you for sticking around.

Let’s get started.

Amazon and AMC rumors

Amazon AMC Prime

There has been a number of Amazon and AMC rumors going as far back as 2020 an even 2018.

The rumor was that AMC and Odeon (UK) were in the talks about an Amazon and AMC takeover.

It was then made unclear whether discussions were active during the possibility of an Amazon and AMC buyout.

Amazon has considered getting into the theatrical movie business before; they were reportedly one of the potential buyers for the arthouse chain of Landmark Theaters, which were sold in 2018 to Cohen Media Group. Bloomberg.

So, Amazon’s interest in acquiring AMC has certainly been there.

The talks about a possible AMC merge were happening during the pandemic when the movie theatre chain was forced to close its doors to the public.

Sources said if there was an agreement there would be no merge between Amazon and AMC.

Amazon would buy AMC directly.

However, two years later and Amazon has not acquired AMC yet.

But does the theatre chain even need an acquisition today?

Let’s talk a little bit more about it.

Does AMC need Amazon to acquire it?

AMC Entertainment Theatres
AMC Entertainment Theatres

AMC no longer needs to be acquired by Amazon nor any other company.

The movie theatre chain showed promising progress and growth every quarter of 2021.

The company released its Q4 earnings report for 2021 and boast a whopping $1.8 billion in revenue that quarter alone.

CEO and President of AMC Entertainment, Adam Aron, said they expect 2022 earnings to double.

Although Amazon and AMC could innovate as a merge or buyout, the company managed to escape bankruptcy in 2021 and no longer requires an escape plan.

While the stock may still be heavily shorted, a merge with the tech giant could force short sellers to step down.

This would greatly benefit shareholders of AMC Entertainment Holdings, Inc.

In fact, Amazon just acquired MGM Movie Studios in a $8.5 billion deal earlier in March.

Is there a possibility Amazon is going to buy AMC in 2022?

Amazon Smile Logo

Although possible, it’s highly unlikely as AMC theatres’ CEO Adam Aron has paved a positive road for the movie theatre chain’s recovery.

This recovery could provide Amazon with an incentive to buy AMC as it no longer faces its mountain debt nor limited attendance.

AMC Entertainment has gone to innovate in several ways.

You can now buy movie tickets online using cryptocurrencies such as Bitcoin, Shiba Inu Coin, and Dogecoin (one of Elon Musk’s favorite).

The company is also initiating its AMC Perfectly Popcorn Brand to increase its revenue streams.

The team is welcoming former Frito-Lay executive Ellen Copaken to lead the project.

Something else AMC is doing that no other business has done is introduce NFTs to the market.

Although still relatively new, this innovation has already created a phenomenon and it’s here to stay.

So, whether Amazon and AMC come to a buyout agreement this year or not, the century old movie theatre chain doesn’t seem to need it.

At least not where it stands today.

I’m curious to hear your thoughts about a possible Amazon and AMC merge.

Leave a comment below.

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Read: AMC Theatres: The most anticipated movies coming in 2022


Understanding Crypto: A Simple Guide

Understanding crypto
Crypto for beginners – Understanding crypto – A simple crypto guide

Published by FrankNez Team

There’s no denying that cryptocurrencies have had unmatched popularity over the past few years. As of February 2022, there are about 10,000 different cryptocurrencies in circulation, and this number is growing at an unprecedented pace.

You can check out the article about best cryptocurrency exchanges.

Such pace has further fueled the growth and development of blockchain technology, with projections suggesting the international blockchain market will reach a value of $23.3 billion by the end of 2023.

Despite this growing prevalence and popularity of cryptocurrencies, widespread confusion still remains associated with them.

Are you someone with a similar confusion too? Let’s take this opportunity to better understand cryptocurrencies and what they are all about.

Read: List of 4 Best Crypto Exchanges for Beginners

What Are Cryptocurrencies?

what are cryptocurrencies?
Understanding crypto – what are cryptocurrencies? Crypto guide

Cryptocurrencies are decentralized digital money based on blockchain technology and secured by cryptography. Three primary terminologies make cryptocurrencies what they are. These terminologies include decentralization, blockchain, and cryptography.

Decentralized money is very different from fiat currencies backed by governing authorities such as banks and governments. With cryptocurrencies, there is no authority to take responsibility for the ups and downs in the prices of cryptocurrencies. This enables people to carry out their transactions based on cryptographic evidence instead of trust. 

Blockchain is a digital ledger with distributed access among authorized users. This technology is used to record transactions associated with assets, which is cryptocurrency. Blockchain offers unrivaled transparency about all the information regarding crypto transactions. This recorded information cannot be tampered with or modified even by the administrators, making it one of the most secure ledgers.

Cryptography is a process of using encryption technologies to protect data from unauthorized access. The defining characteristics of cryptocurrencies, such as immutability and privacy, are the result of cryptography.  

Cryptocurrencies were initially introduced in 2009 in the form of Bitcoins. The currency was created by a group of individuals who go by the pseudonym of Satoshi Nakamoto. However, even after its successful launch, it would take years before Bitcoin gained formal recognition and the prominence it boasts today.

How Does Cryptocurrency Work?

Crypto for beginners – Understanding crypto – Crypto guide

As mentioned earlier, cryptocurrencies are not regulated or backed by any authority. Therefore, this works outside the conventional banking system. So, let’s get a better understanding of the working principles of cryptocurrencies.

Mining

Mining is a digital process where one can generate cryptocurrencies by solving complex mathematical puzzles. One will require potent and specially equipped commuting systems to solve these puzzles and get Bitcoins in exchange. This process is very complex, and it can even take thirty days for one to complete the process ideally.

Buying, Selling, And Storing Cryptocurrencies

Fortunately, one does not have to deal with the complexities of mining to get their hands on cryptocurrencies. The more straightforward way to get cryptocurrencies is to purchase them from crypto exchanges or other platforms.

Once bought, cryptocurrencies can be stored in digital wallets, which can be either hot or cold wallets. The hot ones are connected to the internet, while the cold wallets are safer as they are not connected to the internet.  

Investing Or Transacting

Transferring your cryptocurrencies from one digital wallet to the other is very simple. All you will need is a smartphone and access to the internet to transfer your cryptocurrencies. There are also many platforms where you can exchange your cryptocurrencies with fiat currencies. Other than that, you can also get crypto debit cards to withdraw cash, just as you do in an ATM. Aside from that, an increasing number of businesses are accepting cryptocurrency payments.

Crypto payment getaways, such as Coingate, provide secure crypto storage and transactions, making your financial life with cryptocurrencies safe, fast, and more convenient.

Coinbase
Open an account with Coinbase – Crypto for beginners

Everybody is aware of the growing popularity of cryptocurrencies, and there are many factors fueling that factor. These factors include the low transaction fees, as crypto transactions are much cheaper than conventional transactions.

Other than that, the enhanced control and security offered by cryptocurrencies as a single private is the only way to access the cryptocurrencies. This is much appreciated by crypto users who have been battered by the uncontrollable ups and downs of the conventional financial market.

However, the most crucial factor behind the growing popularity of cryptocurrencies is the profit potential. Many people have made great fortunes through crypto investments making it an appealing investment.  

Conclusion: Should I Invest in Cryptocurrency?

Crypto for beginners – A simple crypto guide – understanding crypto

Cryptocurrencies come with numerous advantages making them a safe investment for many. However, they also have their fair share of disadvantages. A couple of qualities shared cryptocurrencies, such as their decentralized nature, unmatched privacy, and security. In addition, the limited and regulated supply of cryptocurrencies makes them a profitable investment.

However, one must not get carried away with these qualities because investment in cryptocurrencies also comes with risks. The highly volatile nature of these currencies makes it very challenging to predict their future value accurately.

Given these factors, it is always best if investors weigh the pros and cons and take calculated risks to invest in cryptocurrencies. Calculated risks can increase the chances of making a profit on your investment. 

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Read: How to invest in cryptocurrency step-by-step for beginners


Official: GameStop and Loopring Launch Beta NFT Marketplace

GameStop Loopring Partnership - GameStop Beta NFT Marketplace
GameStop Loopring partnership – GameStop Beta NFT Marketplace

GameStop and Loopring just launched the beta version of GameStop’s upcoming NFT marketplace.

Loopring’s (LRC) token price jumped up +34% on the announcement to $1.14.

GameStop is currently catching momentum, closing at $140 today.

If you’re a GameStop shareholder, things are about to get a lot more exciting.

Let’s break it down together.

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Welcome to Franknez.com – if you’re new to the blog be sure to join my newsletter so you don’t miss new content like this! I publish daily market news just for you.

Let’s dive right into it!

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GameStop’s NFT Marketplace gets powered by Loopring

GameStop Loopring Partnership
GameStop Loopring Partnership

For GameStop to move its services to global digital economies it’s going to need the help of both Immutable X and Loopring.

Immutable X is essentially the foundation to GameStop’s NFT marketplace.

Loopring on the other hand focuses on scalability, application delivery, and secure exchanges of payment.

Combined, GameStop has a powerhouse for the future of blockchain gaming.

Users can now access GameStop’s beta NFT marketplace and begin setting up their online profiles.

The first step towards connecting your account with GameStop’s beta NFT marketplace is to connect your wallet.

GameStop and Loopring are still configuring a browser extension that will allow other popular wallets to connect to the platform.

My guess is this will be available for users once GameStop’s NFT marketplace launches in its complete form.

GameStop surges 14.50%, Loopring 40%

Loopring Coinbase
Buy Loopring (LRC) with Coinbase

Today GameStop (GME) surged 14.50% after a 30% runup on Tuesday.

The price surge on Tuesday caused short sellers to lose almost half a billion dollars!

GME stock has dropped almost 4% afterhours while Loopring is up more than 40% in the last 24 hours.

GameStop and Loopring reach a new milestone as they embark on a new journey in the global digital economy.

As GameStop continues to transform itself into a tech company, we can expect GME’s stock price to rise in the future.

Are you holding GME stock?

How do you feel about its current bullish wave?

I’d love to hear your thoughts in the comment section below.

Open an account with Coinbase

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AMC Theater Debt Refinance Plan: CEO Shows Strong Resilience

AMC Theater Debt Refinance Plan: CEO Shows Strong Resilience
AMC’s debt refinance plan propels the company in the right direction

The AMC theater debt refinance plan is now officially on the table.

CEO Adam Aron touched topic on the subject last year after taking debt at a very high interest to survive in 2020 and part of 2021.

In a nutshell, Adam Aron’s plan is to refinance their debt and to lower their interest expense.

Moody’s also just upgraded AMC to Caa2 and gives the company a positive rating due to its continuing recovery.

But more on that later.

franknez.com

Welcome to Franknez.com – today’s market news is very positive news for AMC Entertainment indeed. We’re going to go over what AMC theater’s debt refinance plan means for the company and shareholders alike.

Let’s get started!

AMC Entertainment Inc. sells $950 million junk-bond

AMC Entertainment inc. sells $950 million junk bond
AMC Entertainment inc. sells $950 million junk bond

What is a junk-bond?

A junk-bond is a type of bond often times issued by companies that are struggling financially and have a higher risk of default.

It’s essentially an IOU to help companies stay afloat.

Well, AMC is restructuring its debt by selling this $950 million junk bond to pay down debt maturing in 2025.

AMC Entertainment was able to nearly double to the size of the original offering of $500 million.

Despite the decline in share price, this is a great sign that AMC is moving past the pandemic.

“The box office is returning, and the business is coming back,” said Bloomberg Intelligence analyst Stephen Flynn. “This is clearly a recovery-from-the-pandemic story.” – Bloomberg

Moody’s upgrades AMC to Caa2

Moody's AMC positive outlook
Moody’s upgrades AMC to positive rating, SOURCE

AMC Entertainment Inc. has been upgraded from CFR to Caa2.

CFR meaning in danger of default to a now safer tier.

Moody’s gives AMC a positive outlook due to the industry’s continuing recovery.

AMC’s debt refinance plan has shown investors the company is taking their debt problem very seriously.

AMC Entertainment is currently $5 billion in debt.

Adam Aron has stayed true to his word in regard to paying off company debt.

It seems the company has a very clear goal to get on the right track fundamentally.

Where do you see the company 5 years from now?

Leave a comment below at the end of the article.

AMC ends 2021 with $8.1 billion in cash

AMC Entertainment released a press release on their website summarizing Q4 earnings for 2021.

Adam Aron stated, “AMC’s 2021 results improved significantly as the year progressed, and we finished the year with the strongest quarter in two years. The fourth quarter of 2021 marks a meaningful milestone with positive EBITDA of more than $145 million, positive Operating Cash Generated of more than $215 million, and a record year-ending liquidity position of $1.8 billion.”

The company is without a doubt doing incredibly well at overcoming pandemic and market adversity.

AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 950 theatres and 10,500 screens across the globe.

Despite AMC’s great debt refinance plan, the company stock continues to be heavily shorted.

You can read all about AMC’s short squeeze data here.

I will be highlighting AMC’s Q4 earnings call so be sure to subscribe to the newsletter for updates.

Be sure to browse the market news tab for more content.

Final thoughts

franknez.com

Analysts bearish on AMC Entertainment stock will not discuss this positive news.

That’s why you have me!

Although investors buying AMC stock are in it for a short squeeze, the company has definitely won a lot of people’s support fundamentally.

I’ve said this since early last year, AMC is eventually going to evolve into a company you’re going to want to buy into whether it’s for a short squeeze play or for (at some point) long-term growth.

Given the various innovative changes in the company, it’s safe to say Adam Aron is steering in the right direction with the use of NFTs and cryptocurrency.

AMC is paying off their debt with this new refinance plan and the company seems to have a clear vision of where they want to go.

Are you holding AMC stock?

Leave a comment below 👊

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