AMC Issues an "I Own AMC" NFT to AMC Investor Connect Members

AMC Issues an "I Own AMC" NFT to AMC Investor Connect Members
Photo by Daniel Páscoa / Unsplash

AMC Theatres on December 6 announced that AMC will now offer a second NFT to all AMC investor Connect Members to be delivered to the Worldwide Asset Exchange. This was after a favourable public response to a movie-themed NFT offered exclusively to AMC ticket buyers a week prior.

This movie-themed NFT was the first-ever NFT issued by a theatrical exhibitor in significant quantity. The AMC Investor Connect will be the second. As a result, expectations are that this NFT will be tradable and/or sellable, possibly with fees or costs associated with such transfers.

The NFT is being created by WAX, the world's leading blockchain, processing up to 15million transactions per day. The AMC will be expected to airdrop benefits such as discounts for those who would be holders of the these NFTs. Current members of the AMC investor connect as well as those who sign up for Investor Connect are to receive an exclusive AMC NFT free of charge. In addition, those who sign up by December 31 will receive an email invitation to secure their NFT before January 31, 2022.

Related: AMC Officially Begins Accepting Cryptocurrencies For Payment

The NFT will be offered to all AMC Investor Connect members, including those residing in countries outside the United States, where it is legal and where AMC and WAX have the technical capability to do so. These NFTs will can be stored in particularly the WAX Cloud Wallets or other crypto wallets. In addition, AMC will bear the cost of account hosting for holders throughout the year 2022.

The Chairman and CEO of AMC, Adam Aron, commented: "After our first NFT met with enthusiasm earlier this week, there was no doubt we would embark on issuing another NFT and that we would do so quickly. This 'I Own AMC' NFT is AMC's second NFT, and I can say with certainty that there would be more NFTs in AMC's future."

Read more