Eco-friendliness and mass market accessibility cited as major factors in choosing WAX.
WAX Blockchain has been chosen by Sony Pictures and AMC Theatres (NYSE:AMC) for Sony Pictures’ Spider-Man: No Way Home NFT Promotion, the first ever NFT promotion between a studio and a major theatrical exhibitor. The decision to utilize WAX blockchain was based on several key benefits of WAX Blockchain including eco-friendliness and mass market accessibility.
Members of AMC Stubs Premiere & A-List, and AMC Investor Connect, will receive an exclusive Spider-Man™ NFT, via the WAX blockchain, with an opening day advance ticket purchase or reservation, while supplies last. 86,000 NFTs were made available for this unprecedented Sony Pictures and AMC celebration of the release of Spider-Man: No Way Home. The NFTs will be available to be redeemed at a dedicated site operated by WAX. Tickets are currently on-sale for Spider-Man: No Way Home, which opens exclusively in theaters on December 16.
WAX is the most utilized blockchain in the world processing 15 million transactions daily with over 450,000 daily users. It consumes only .000223 terawatts of energy and produces only 110 tons of carbon a year, about the same as 5 individual Americans, and has been certified carbon neutral. It is second only to Ethereum in monthly NFT sales volume among layer-1 blockchains. Wax Cloud Wallet is one of the most widely used blockchain wallets in the world with over 8,000,000 user accounts.