AMC, which has dabbled in the NFT market, hasn't released a new series in nearly two years
American movie theater chain AMC had released several NFT series related to movies or stock ownership in the brief past. However, according to the AMC website, it has been 527 days since the last series was released. While NFTs are still trading, AMC's most recent financial statements warn of an unsustainable long-term cash burn rate. At this time, AMC has not responded as to whether it intends to release a new NFT series in the near future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
2 Banking Giants Make Major Crypto Moves as Schwab and Deutsche Bank Expand Into Digital Assets
Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report
AVAX falls below $10
Bitcoin on Track for $10,000 if S&P 500 Drops 20%, Bloomberg Strategist Insists
Crypto prices
More
