AMC Theaters, alongside entertainment giant Sony Pictures, will be gifting NFTs to advance ticket buyers for the ‘Spider-man: No Way Home” movie. The non-fungible tokens which the ticket buyers will get a chance to own are the new collectible cards.
In partnership with Sony Pictures, AMC will offer a total of 86,000 NFTs to individuals who buy Spider tickets before its cinema release on Dec. 16. This offer is only open to AMC Investor Connect members, AMC Stubs A-LIST members and AMS Stubs Premiere members.
It is important to note these non-fungible tokens will not only be available in all AMC theater locations across the US, but they will also be free.
The AMC Theaters Collaboration With Sony to Offer NFTs
AMC CEO Adam Aron took to Twitter to announce the exciting partnership between his company and Sony Pictures. While announcing the partnership, the CEO did not fail to mention how excited AMC is over the partnership. As a result of the partnership, the first 86,000 US online ticket buyers will receive AMC’s first-ever NFT.
As reported on CNBC, both companies are seeking to increase their sales by finding new ways to connect with their customers. How exactly does offering ticket buyers NFTs do that? NFTs are the current hot topic in the crypto market.
Any person interested in crypto is looking to purchase and own crypto-based collectibles. Sony and AMC have decided to ride the NFT wave and offer their customers a once-in-a-lifetime opportunity to purchase their very own NFT.
Through the CEO’s tweet, AMC revealed that there are over 100 unique NFT designs. AMC created the designs in collaboration with animation studios Cub Studios. In order to access the NFTs, ticket buyers will receive a code from a dedicated website. Afterward, they will be able to get an NFT through the Wax blockchain.
More on NFTs
In a press release, AMC’s CEO and chairman of the board shared that the company’s shareholders and customers alike have been anticipating AMC’s entry into NFTs. He added that the company is delighted to have Sony, who are their good friends, as their partner.
NFTs, otherwise known as non-fungible tokens, are digital representations of collectibles such as art, memes, or music. NFTs are purchased using crypto coins, and they are tied to the blockchain. One of the first NFT projects, which are currently very rare and quite valuable, is the CryptoPunks.
Once an individual purchases an NFT, they gain ownership rights over the token. Nevertheless, the ownerships are not on the artwork itself but are over the unique token in the blockchain. Additionally, the digital token owners can’t exchange or trade one non-fungible token for another.
Why are NFTs so popular? Firstly, NFTs’ popularity continues to grow over time because they are unique. Since no two NFTs are the same, this makes the token unique, valuable, and expensive to acquire. Secondly, NFT investors believe that their value will appreciate over time. This, in turn, makes NFT a worthy investment.