You may buy a wide range of items from vending machines, but now you can add NFTs to the list. New York is richer by a first NFT vending machine in the world. The vending machine is located in the Financial District of New York City, just off Wall Street, and it is open 24 hours a day.
This vision was brought to life by Neon, an NFT marketplace and gallery developed on the Solana blockchain. This NFT vending machine makes it easier for anyone to buy NFT, regardless of whether or not they are familiar with blockchain or cryptocurrencies.
How does the NFT vending machine work
The NFT vending machine accepts credit and debit cards from the United States. After you swipe your card and select your NFT, you will receive a box with a unique code for your selected NFT, which you may then redeem on Neon’s platform.
The goal, according to Jordan Birnholtz, CMO and co-founder of Neon, is to allow artists to sell their work to anyone who wants to become a collector. Business Wire reported Birnholtz as saying, “NFT buying and selling doesn’t have to be a mystery, and you shouldn’t be required to hold Ethereum, write a smart contract, pay gas charges, or bridge blockchains to participate.”
Unlike other NFT platforms that exclusively accept crypto as payment, the NFT vending machine accepts credit and debit cards. Birnholtz emphasized the argument for accepting credit and debit cards by pointing out that only 2% of Americans have digital wallets, whereas about 80% have either of the cards. As a result, you’re broadening the pool of people interested in participating in the NFT space and owning one.
Artists who are creating these artworks and selling them as digital treasures will benefit from the NFT vending machine concept.
Birnholtz’s company was given $3 million in initial money. More NFT vending machines will be installed in a half-dozen cities around the United States.
