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Theater chain AMC explores NFTs after big screen return boosts sales
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economictimes.indiatimes.comAMC Entertainment's chief said on Monday the theater chain was in talks with Hollywood studios to launch non-fungible tokens (NFTs), after the company handily beat estimates for quarterly revenue as moviegoers returned to the big screen. The company, which is looking to accept bitcoin as a payment method, said it was also exploring launching its own cryptocurrency and selling its own brand of popcorn in grocery stores. «This is the 21st century after all, and it would seem that there may be a real opportunity for AMC in these areas,» CEO Adam Aron said in a post-earnings call, referring to its foray into NFTs, a type of digital asset which uses blockchain to record the ownership of items such as images and videos.
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