Although the vending machine concept of buying NFTs is not new in 2022, people are excited about the launch of my NFT marketplace’s vending machine. The New York NFT vending machine showed huge success in the beginning. However, it did not satisfy the public as they did not deliver the results as promised.
Yet, the launch of the NFT vending machine in NFT London conference hall is the new talk of the town. But how does this vending machine or NFT ATM work? Let’s find out.
How does NFT ATM work?
So the first ever physical NFT ATM was set up in New York by Neon, an NFT and crypto platform. The purpose was to make NFT purchasing much easier for the public. The NFT is based on the Solana blockchain that ranges from $5.99 to $420.69. You’ll first have to select the carton of NFT collectibles. So there are two types of carton: Project Colour and Party Pigeon.
Then press the number and pay through Credit card or Debit, your pick. The selected carton will have a piece of paper with a QR code. Scan the QR code, and you'll be taken to the Neon platform, where you can register and get your NFTs.
The popularity of NFTs is shooting up, and it is natural to have the desire to own and flaunt one. However, it is always advisable to DYOR and then proceed to buy NFTs. Introducing such innovations is opening more public to the world of NFTs, and engagement is also getting higher.