Sony Pictures and AMC Theaters launch NFT ‘Spider-Man: No Way Home’

Sony Pictures announced last Wednesday, December 1, that together with AMC Theaters, they will be collaborating with WAX to launch 86,000 NFTs based on the movie ‘Spider-Man: No Way Home’.

Image about DappRadar’s post on Twitter

“Sony Pictures and AMC Theaters have announced an official collaboration with Wax blockchain to release 86,000 NFTs based on the movie ‘Spider-Man: No Way Home’. The collection will be distributed to AMC Stubs A-List, Premiere and Investor Connect members who have purchased a pre-sale ticket for the film’s premiere”, he said through an article posted on the DappRadar website.

The company explained that these promotional Spider-Man NFTs are in limited supply and for those who have pre-sale tickets for the film’s premiere. To claim their NFT, fans will need to attend the film’s premiere on December 16. Additionally, fans will need to show their purchase or advance reservation of tickets. Of course, there are only 86,000 NFTs available, so this promotional feature will be available while supplies last.

Notably, this is the first collaboration between a production company and a movie theater to launch a large-scale NFT collection. The new ‘Spider-Man: No Way Home’ is expected to be one of the highest grossing releases of the year. Consequently, the demand for the limited edition NFT collection is enormous. Advance tickets are now being sold on secondary markets like eBay for exorbitant amounts of money hovering around the $20,000 mark.

What to expect from the ‘Spider-Man: No Way Home’ NFTs?

According to the company, the NFT collection ‘Spider-Man: No Way Home’ has quickly become the center of attention among cryptocurrency enthusiasts and Spider-Man fans. According to an official Wax post on Medium, the collection will consist of 86,000 NFTs with 108 different designs. Unique artworks are grouped into three different categories based on the items they present.

In his view, more than half of all NFTs, or 65.33%, fall into the Logo category, which contains a stylization of the Spider-Man logo. About a third of the entire collection falls under the Abstract category, while only 3% of all NFTs will feature an illustration.

Also read: SuperRare announced the launch of Rare World: An NFT Takeover

Why Wax?

According to an official press release, Sony Pictures and AMC decided to partner with the Wax protocol for several reasons. The main motivation was to allow Spider-Man fans easy access to their NFTs. Thanks to Wax’s cloud wallet technology, users can get a Wax wallet address in seconds. They can use their social media accounts or their email address.

“This level of ease of use was paramount for the two companies when deciding where to house the NFT collection. Additionally, Wax is one of the most environmentally friendly blockchains out there. The protocol has also been certified as carbon neutral”, he specified.

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