- Neon, a digital art platform has revealed the world’s first NFT vending machine in New York City. Neon will offer Solana-based NFTs which people can buy with fiat currency.
Neon, a digital art collecting platform, has revealed the world’s first in-person non-fungible token (NFT) vending machine in New York City, with the aim of making online art as accessible as soda or candy, reported by Reuters. The twist is that you don’t know what kind of digital art you’ll get!
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Neon is a marketplace and gallery on the Solana blockchain. They decided to use Solana because it provides quick transaction times, low fees, and a million-fold increase in energy and environmental efficiency. A distributed team based in the United States supports Neon.
Unique Vending Machine
It seems like a regular vending machine, but it offers QR codes on slips in small paper boxes. It is located in a modest storefront with a sign outside saying “NFT ATM” in Lower Manhattan’s financial sector. The prices of the drops range from $5.99 to $420.69.
After scanning the QR code, the user can view their new work of art on any smartphone, laptop, or tablet. The codes at the Lower Manhattan location lead to two types of digital art pieces: a colour or a picture of a pigeon.
Gaston Charkiewicz, a client, examines a little paper box he purchased from Neon’s first in-person non-fungible token (NFT) vending machine in New York City’s Lower Manhattan financial area. According to Zappitell, CEO and co-founder of Neon, the element of mystery is a natural extension of the digital art environment.
“One of the things you love as an NFT collector is the randomness of, ‘Which one are you going to get?” he added. “So that’s one of the fascinating parts”. “How it’s using old-world technology to enable the adoption of new world technology is one of the most compelling themes of this,” Zappitel added.
The Solana blockchain underpins the art pieces sold in the vending machine, ensuring carbon-neutral transactions. While most digital art is sold using cryptocurrency, Neon’s vending machine takes fiat currency, and you can pay with a credit card. Neon says it plans to expand its vending machine network in public locations, malls, etc., starting with a $3 million startup investment.
In the digital world, non-fungible tokens can be utilized in various ways, including rare collectibles, one-of-a-kind artwork, and blockchain-enabled games, all of which employ NFTs in different ways. Well, vending machines offering NFTs is definitely something new!
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author: Rene Remsik, Hafiz Awaiw
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.