Multi-chain non-fungible token (NFT) marketplace myNFT has announced that it will showcase its first-ever physical NFT vending machine at this year’s NFT.London event scheduled for November 2-4.
The NFT platform hopes to provide an easy and accessible way for people who want to start buying and trading digital assets without the need for deep industry knowledge Web3. The vending machine will allow users to purchase an NFT without owning a digital wallet.
Users wishing to purchase an NFT through myNFT’s vending machine will need to select one of the envelopes on display and then enter the code provided. After paying, they will be able to scan the QR code in the envelope, which will be accompanied by an invitation to create a myNFT account, with an NFT wallet where they will receive their NFT.
Hugo Mcdonaugh, CEO of myNFT, said: “The most accessible way to buy anything is through a vending machine and so we are breaking the perception that buying an NFT is difficult through this initiative.”
Interested participants will be able to purchase an NFT from myNFT’s inaugural collection of donated NFTs, which includes brands such as Dr. Who Worlds Apart, Thunderbirds and Delft Blue Night Watch.
The NFT physical vending machine will be located outside the NFT.London conference venue, at the Queen Elizabeth II Centre, Westminster, London.
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Proceeds from the NFT vending machine will be donated to Giveth, a blockchain-based philanthropic community that funds public goods, services, and education in developing countries, as well as Roald Dahl’s Marvelous Children’s Charity, which provides from specialist nurses to seriously ill children.
In February, Cointelegraph reported that Solana-based NFT marketplace Neon unveiled a 24/7 NFT ATM in New York’s Financial District that accepted credit and debit card payments. However, a week after its launch, users reported that neither the NFT vending machine nor the NFT was working as promised.