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NFT: AMC Theaters distributes ‘I Own AMC’ NFTs for free to shareholders
AMC Theatres just gave away non-fungible tokens or NFTs, and it is all for free. The American theater chain has distributed the free digital asset to its Investor Connect shareholders.
The announcement of the free NFT that AMC Theaters is giving out, comes not long after it said it would be offering exclusive non-fungible tokens featuring Spiderman in November. It was distributed to members of the AMC Investor Connect, A Stubs List, and AMC Theatres Stubs Premiere. The NFT was issued in partnership with Sony Pictures and in anticipation of the “Spider-Man: No Way Home” movie release.
Thus, the new AMC NFT that features a gold medallion with the embossed phrase “I Own AMC” is the company’s second NFT drop. As per Hypebeast, this is exclusive to shareholders residing in the United States and can be claimed through the WAX blockchain.
Previously, the theater company revealed it would be dropping discounts and other perks for holders of AMC NFTs. The firm’s chief executive officer, Adam Aron, said earlier this week that they have already emailed unique codes to shareholders so they can claim their AMC NFTs.
“Yesterday we emailed unique codes to AMC Investor Connect members to claim our “I Own AMC” NFTs,” Aron tweeted on Thursday, Jan. 20. “Closing in on 100,000 of you already having redeemed. As of noon, more than 200 of these NFTs have been resold, with prices as much as $223.80 so far. What a new world we live in!”
All current and new shareholders who are part of AMC Investor Connect are said to have until Jan. 31 to claim their free NFTs, which they can maintain in the WAX Cloud Wallet or other crypto wallets that they prefer. Then again, there is an advantage for choosing to keep the AMC NFT on WAX - the theater chain will be paying all account hosting costs for this year.
Meanwhile, AMC Theaters have over 425,000 Investor Connect members and will be giving away the NFTs to all of its 580,000 shareholders. If they are not in the U.S., shareholders in any other country can still get the AMC NFT as long it is legal in the area, and the company and WAX are both able to operate.