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AMC Spider-Man NFT giveaway crashes website

By Kevin Donovan

14:29, 29 November 2021

Spider-Man: No Way Home movie poster
AMC's first NFT giveaway crashes website – Photo: Adam Aron, Twitter feed

AMC Entertainment’s announcement of its first-ever non-fungible token (NFT) giveaway over the weekend sent website traffic soaring and caused website traffic delays, AMC CEO Adam Aron reported Monday morning over Twitter.

AMC Entertainment stock rose at the opening bell, trading up 1.7% to $38.26, versus Fridays $37.63 per share closing price. AMC trades on the New York Stock Exchange under the ticker “AMC”.

The offer, limited to AMC Stubs A-List, Premiere or Investor Connect members, gave the first 86,000 to purchase or reserve a ticket for the 16 December premiere of “Spider-Man: No Way Home” a unique Spider-Man NFT created by Sony Pictures. The offer was announced by Aron over Twitter Sunday afternoon for when tickets went on sale at midnight ET (UTC-5) Monday.

“Our #FirstEverNFT with @SonyPictures and Spider-Man: No Way Home caused ANC’s online traffic Sunday night/Monday morning to soar, to the highest ever in AMC’s entire history,” Aron said in a tweet update Monday morning. “Oh did we sell tickets! But we are sorry wait times got long with the unprecedented volumes.”


477.93 Price
-0.860% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.23


0.72 Price
-0.490% 1D Chg, %
Long position overnight fee -0.0253%
Short position overnight fee 0.0033%
Overnight fee time 22:00 (UTC)
Spread 0.0125


127.75 Price
+6.400% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.12


249.42 Price
+5.620% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 0.18
Adam Aron tweetAdam Aron tweet

Investor-sourced idea

In announcing the promotion Sunday afternoon, Aron noted the idea to offer movie-themed NFTs originated from the company’s shareholders. “So many good ideas have come from our shareholders in 2021,” said Aron in the announcement Tweet. “This idea came from you!”

The NFTs will be minted by, a carbon-neutral blockchain focusing on entertainment-related NFTs. The winning recipients will be notified by email on 22 December and then receive redemption instructions via standard mail delivery. The individual NFTs may only be redeemed on location at an AMC theatre location by 1 March 2022.

Read more: AMC investors get free popcorn for pushing price to all-time high

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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