AMC Theatres and Wax to Issue a New Exclusive “I Own AMC” NFT to All Existing and New Members of AMC Investor Connect
AMC Theatres (NYSE:AMC), the largest theatrical exhibitor in the United States, in Europe & the Middle East and in the world, today announced that after the favorable public response to a movie-themed NFT offered a week ago exclusively to AMC ticket buyers, AMC will now offer a second NFT to all AMC Investor Connect members, to be delivered by the Worldwide Asset eXchange (WAX). The movie themed NFT was the first ever NFT issued in significant quantity by a theatrical exhibitor, and this AMC Investor Connect NFT will be the second.
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Courtesy of AMC (Photo: Business Wire)
As AMC Investor Connect is a program designed solely for self-identified AMC shareholders, the image contained in this NFT is that of a moving and glimmering gold embossed medallion which proudly proclaims, “I Own AMC.”
It is expected that this NFT will be tradable and/or sellable. There may be fees or costs associated with such transfers, including a small royalty to AMC.
From time to time, AMC expects to airdrop discounts or other benefits at its theatres to the then current holders of these NFTs.
The AMC Investor Connect NFT is being created by WAX, an energy efficient, ultra-low carbon footprint blockchain and the first certified carbon neutral. WAX is the world’s leading blockchain, processing 15 million transactions daily.
Current members of AMC Investor Connect, and those who sign up for Investor Connect by December 31, 2021, will receive, free of charge, an exclusive AMC NFT celebrating all of AMC’s shareholders. This exclusive, one-time NFT is yet another benefit for AMC Investor Connect members. AMC Investor Connect, which launched in June of 2021, allows self-identified AMC shareholders to sign up for exclusive benefits like free concession items, early access screenings, membership in the AMC Stubs loyalty program and communications from AMC’s senior management.
Current AMC Investor Connect members and those new Investor Connect members who sign up by December 31, will receive an email invitation to secure their NFT no later than January 31, 2022.
The NFT can be maintained either in the WAX Cloud Wallet, or certain other crypto wallets. If warehoused in the WAX Cloud Wallet, AMC will pay all such account hosting costs for all of calendar year 2022.
There is no fee for an AMC shareholder to enroll or stay enrolled in AMC Investor Connect. As of today, there are more than 425,000 AMC Investor Connect members. The NFT will be offered to all AMC Investor Connect members residing in the United States, and to those in any other country where it is both legal and where AMC and WAX have the technical capability to do so.