Cinema Chain AMC Starts Receiving Payments With Cryptocurrency

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The world's largest cinema chain AMC Entertainment has announced that customers can now pay with crypto money for their online shopping.

Announcing in the summer that they will start selling cryptocurrencies on their online platforms, AMC CEO Adam Aron announced on Friday that this plan has been implemented as of today.

Stating that AMC customers can pay with bitcoin, ether, bitcoin cash and litecoin at the initial stage, Aron added that the next crypto currency they will accept will be dogecoin.

AMC, which released its third-quarter annual report this week, reported revenue of $763.2 million for the quarter, beating Wall Street analysts' expectation of $708.3 million.

During his meeting with shareholders, Adam Aron said that the necessary integration to add dogecoin to its payment options may have been achieved “in the first quarter of 2022”.

In addition to these, AMC Entertainment is also researching how the Shiba Inu (SHIB) can be included in the payment options.

CoinGecko's NFT Conference Kicks Off Next Week

CoinGecko, one of the largest data platforms in the crypto money industry, will hold its first conference between 17-19 November.

During the three-day event, in addition to art, music, gaming, sports themes, collections and ways to generate income in the virtual world will be discussed.

Aleksander Larsan, co-founder of Axie Infinity, Sebastian Borget, co-founder of The Sandbox, Mike Shinoda and Akon from Linkin Park will also take part in the conference, where more than 150 names from the NFT ecosystem will be present as speakers.

Bobby Ong, co-founder of CoinGecko; For the conference where workshops, art galleries and after parties on how to produce NFT will be held, “There will be something for everyone at GeckoCon. We also have many surprises for our participants!” made a statement.

NFT Sales Run To Record!

Total monthly sales volume on OpenSea reached an all-time high of $10.35 billion this week as NFT sales continue to grow in popularity worldwide.

Total monthly sales volume in OpenSea took flight.

According to data from Dune Analytics, this volume corresponds to an average of $872.67 per transaction. In August, the total transaction volume peaked at $3 billion. Total volume has more than doubled since August, posting 233% growth.

The record increase in transaction volumes is undoubtedly closely related to the incredible increase in the number of users. While the total number of users on the platform was 2000 before June 2021, this number managed to increase to over 600,000 by September.

According to the statement made by OpenSea, the value of the platform increased to $ 1.5 billion and it was announced that it had collected $ 100 million in July. On the other hand, buyers no longer have to pay gas fees when transacting on the platform.

Anyone Can Access NFTs

NFTs are now available to everyone, everywhere, with OpenSea's platform launching a mobile app for IOS and Android. There has also been a chain of upgrades to the website, which has played an important role in attracting buyers and creators alike.

Cutthroat competition

Platforms such as Axie Infinity, Cryptopunks Solana Art and Rarible are cited as Opensea's closest competitors.

Discord Takes a Step Back! Ethereum Plan Shelved!

Jason Citron, the founder and CEO of the popular messaging program Discord, made a post on his Twitter account on November 8, implying that the Discord application will connect to Ethereum.

Discord has succumbed to criticism.

The CEO, who did not make a statement for that day, took a step back with his share only 3 days later.

Jason Citron said that at this time, Discord has no plans to integrate with Ethereum.

“Thanks to everyone for all the perspectives. We currently have no plans to ship this internal concept. For now, we are focused on protecting users from spam and scams."

It is unknown why Citron abandoned its Discord-Ethereum integration plan. However, negative reviews from users are thought to be effective.

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