Tag: What are NFTs

What Are NFTs And How Will They Change The World?

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.

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.

This precaution is taken to avoid scenarios like dealing with a cease and desist letter, and were originally created to protect artists’ copyright over their 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

AMC Spider-Man NFT News: Movie Titles To Go Digital

AMC NFT News Spider-Man NFT
AMC Spider-Man NFT News + More

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.

franknez.com

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

Movie titles collectible NFTs Spiderman

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.

Spider-Man NFT

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?

Ethereum Cryptocurrency

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

franknez.com

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.

Subscribe For Updates

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I will be updating this article as this amazing chapter for AMC unfolds.

The launch of the companies first NFT will be featured on this page so be sure to bookmark it or subscribe to the blog to be notified for new updates.

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