The NFT vending machine made it very easy for users to access the online art assets. The vending machine made the NFT purchase very easy as candy from the store. “It’s the crypto curious, the people who tried to buy cryptocurrency or they were interested in buying an NFT, but they just hit too many barriers,” Neon CEO Kyle Zappitell said in an interview of the vending machine’s target customer.
Neon is an art marketplace and gallery based on the Solana blockchain. Neon also used blockchain technology for the NFT project. Solana blockchain is the most efficient technology working on less energy, thus conserving the power resources. Neon’s transactions are carbon neutral, thanks to offsets purchased by the Solana Foundation. Neon became the first platform to purchase the NFT to buy, sell and show off digital art. The salient feature of the Neon setup is the lack of need for crypto-assets and crypto-wallets.
NFT vending machine installed in the small store in the Lower Manhattan’s financial district with slogan outside labeling “NFT ATM,” displaying the traditional vending machine. The user will need an email to sign and use US dollars to buy the NFT through a credit card. The QR code will be provided in a small paper box. The drops range in price from $5.99 to $420.69. The QR code can check the NFT art on any smartphone, laptop, or computer. There will be two types of codes in the Lower Manhattan site for digital art, either color or picture of a pigeon.
“As an NFT collector, over time, one of the things you love is the randomness of, ‘Which one are you going to get?'” he said. “So that’s one of the exciting aspects.” Neon CEO Kyle Zappitell said.
The vending machine will intrigue the user for the random availability of the Non-fungible Token.
The users are investing more than the cryptocurrency as it is easy to invest in it. Many investors are using it for payment purposes in the business, encouraging its use in the market. Many celebrities are investing in the NFT due to its immense popularity in the world after the cryptocurrency. NFT is different from crypto assets in the sense of ownership.
Neon company urges to install more NFT vending machines at malls, stores, and public spaces. “That’s one of the really powerful messages of this, is how it’s using this old-world technology to enable the adoption of new world technology,” said Zappitell.
Source:
https://tribune.com.pk/story/2346000/move-over-candy-bars-new-york-vending-machine-now-selling-nft-art
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