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The chief executive of crypto derivatives exchange FTX says that the downfall of Ethereum challenger Terra (LUNA) was due to faulty marketing rather than outright deception. Sam Bankman-Fried says that it’s unfair to compare the collapse of LUNA and its stablecoin TerraUSD (UST) to the disintegration of former healthcare unicorn Theranos. According to Bankman-Fried, Terra founder […]
The post Terra (LUNA) Is a Case of Marketing and Memes Gone Wrong, According to FTX CEO Sam Bankman-Fried appeared first on The Daily Hodl.
The chief executive officer of movie theater chain AMC says that the cinema giant is finally going to accept crypto meme assets Shiba Inu (SHIB) and Dogecoin (DOGE) as payment options. AMC CEO Adam Aron took to Twitter to tell his 243,000 subscribers that the company is adding dog-themed tokens to the list of cryptocurrencies […]
The post Movie Theater Giant AMC Now Accepts Dog-Themed Meme Coins Shiba Inu (SHIB) and Dogecoin (DOGE), According to CEO appeared first on The Daily Hodl.
"The regulatory framework surrounding cryptocurrency is going to change dramatically, so we always believe in staying on the right side of the law," says Adam Aron, CEO of AMC Entertainment.
During its Q4 2021 earnings call late Tuesday, Adam Aron, CEO of iconic theatre-chain AMC Entertainment, briefed the community on the company's latest crypto adoption efforts. As told by Aron, AMC will start accepting Dogecoin (DOGE) and Shiba Inu (SHIB) "in a couple of weeks." AMC began accepting online payments for movie tickets via major cryptocurrencies last year. The company said it is also still exploring options to issue its own coin, an idea that has been in the making for quite some time as it monitors the current cryptocurrency regulatory framework.
Aron also shared his praise for the blockchain industry: "We continue to explore how else AMC can participate in the burgeoning crypto universe, and we remain quite intrigued by the potential business opportunity." Aron then added:
"AMC also picked up the capability to accept Apple Pay, Google Pay and PayPal online. Incredibly, in just a few months, these latter three forms of payment, along with cryptocurrency, already constitute more than 15% of our online ticketing activity, as was seen in the fourth quarter of 2021."
But AMC has also been making grounds in the nonfungible tokens, or NFTs, space. Since last November, the company has completed four NFT campaigns, with more than 800,000 NFTs made available to consumers. These include NFTs offered as part of ticket sales for Spider-Man, Dune and The Batman movies, and those given to shareholders as part of AMC investor connect. The company plans to roll out more NFT projects this year, both jointly with studios and on its own, citing its potential to increase attendance at AMC theatres. According to Aron, AMC's Spider-Man NFTs have sold for as high as $17,000 in secondary markets.
AMC dropped an NFT to its shareholders, Puppy Bowl will feature an NFT sale on Chronicle, and Naomi Osaka launched her third collection.
The AMC movie theater chain dropped NFTs to all AMC shareholders on Tuesday.
As part of the reward, AMC CEO Adam Aron tweeted that the NFT and a WAX wallet in which to hold it will be free to claim for up to a year.
Emails detailing how to claim your AMC Investor Connect “I Own AMC” NFT will be sent next week on Jan 18, to all in the U.S. and globally who enrolled by 12/31/21. The NFT and a WAX wallet for up to a year are free to you. TY to our passionate shareholders. Own this NFT proudly! pic.twitter.com/veo5hSYCkr
— Adam Aron (@CEOAdam) January 13, 2022
The NFTs, dubbed ‘I Own AMC,’ show a sizable cordoned off medal with the company’s namesake across the middle as a grandiose kind of thank-you.
AMC has embraced cryptocurrency more and more since its stock (AMC) became the target of a retail stock buying craze led by r/Wallstreetbets that started with GameStop.
In Sept. 2021, Aron tweeted that the company would begin accepting Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) as payment at its theater locations by the end of 2022.
Aron has been teasing Doge and Shiba fans about adding their favorite memecoin as a payment option. On Jan. 7, he tweeted that his company was “well on track for the promised Q1 implementation” of accepting Dogecoin (DOGE) and Shiba Inu (SHIB) as payment.
This year’s Puppy Bowl on Animal Planet will include an NFT sale to help raise funds for Ariana Grande’s Orange Twins Rescue animal rescue organization.
The Puppy Bowl is an event that airs on Super Bowl Sunday and depicts puppies playing within a small stadium. This year, the Puppy Bowl will air on Feb. 13 on the cable network.
The NFTs depict the puppies competing in the Puppy Bowl as trading cards and show their breed, hometown, and personality type.
The sale began with a free drop for early visitors to the Chronicle NFT marketplace. The official sale began on Jan. 14 with the ‘Common’ items, and will end on Feb. 13 with the ‘Immortal’ items at a higher price and rarity.
Organizers of the Puppy Bowl from Animal Planet signaled environmental awareness by stating that the NFTs were generated by “solutions that are Proof of Stake-driven, and with a commitment to reduce their carbon footprint."
This week, the defending Australian Open tennis champ Naomi Osaka is launching a new NFT collection designed by her sister, Mari Osaka.
The "Resolve: The Naomi Osaka Manga Collection" collection will be sold on the Autograph NFT marketplace.
Osaka's collection consists of 11,000 NFTs made from 10 different drawings. They will be available for early access starting Jan. 18. The NFTs and any special rewards for early buyers will not be fully revealed until Jan. 25. This will be Osaka's second collection on Autograph and her third NFT collection overall.
NFL star Tom Brady’s Autograph marketplace specializes in offering NFTs based on entertainment and sports stars. It features collections on Tom Brady, Derek Jeter, The Weekend, and many others. Autograph recently closed a funding round worth $170 million.
Osaka won the 2021 Australia Open and is defending her title at the 2022 Open this week.
Tech investor Guy Oseary has added another NFT project to his portfolio by agreeing to represent World of Women, a popular female empowerment NFT collection.
Oseary plans to help World of Women capitalize on film, TV, music and gaming opportunities. He also represents the popular Bored Ape Yacht Club NFT collection.
World of Women is a collection of 10,000 pictures depicting “diverse and powerful women” on OpenSea. The collection has a trading volume of 43,500 ETH on the world’s largest NFT marketplace with a floor price of 7.85 ETH ($24,552).
Lindsay Lohan signed on to Superfandom experiential NFT marketplace to offer her own experiences for fans and to serve as an advisor. She will help garner interest in the platform and find more talent to offer experiences as NFTs.
Microsoft bought Activision Blizzard for $69 billion earlier this week. This gives it ownership over wildly popular gaming titles such as Call of Duty, Overwatch, and World of Warcraft. The plan is to tie its gaming services into a framework that will “provide building blocks for the Metaverse,” according to Microsoft CEO and chairman Satya Nadella.