Welcome Bonus: Sign Up & Get Up to $150 in BTC

Get Started
Worldโ€™s first NFT vending machine arrives to New York City Worldโ€™s first NFT vending machine arrives to New York City

Worldโ€™s first NFT vending machine arrives to New York City

Set up just off Wall Street, the NFT vending machine accepts USD credit and debit cards.

Worldโ€™s first NFT vending machine arrives to New York City

Cover art/illustration via CryptoSlate

๐Ÿ‘‹ Want to work with us? CryptoSlate is hiring for a handful of positions!

Neon, an NFT marketplace and gallery built on Solana recently rolled out the world’s first NFT vending machineโ€“located just off Wall Street in New York.

The machine operates 24/7 and facilitates NFT purchases with no cryptocurrency, crypto wallet, or specialized knowledge required.ย 

How does it work?

Located in the Big Appleโ€™s financial district, the unique vending machine accepts USD credit and debit cards. Upon purchase, it allegedly dispenses a box containing a unique code for the chosen NFT, which can then be redeemed on the Neon platform.ย 

Neonโ€™s NFT Vending Machine is located at 29 John Street in New York City (Business Wire).

โ€œOur goal is to support artists and creators by letting them sell digital art to everyone, and to help anyone who wants to become a collector,โ€ explained Jordan Birnholtz, CMO and co-founder of Neon, in an official press release.ย 

According to Birnholtz:

โ€œNFT buying and selling doesnโ€™t need to be a mystery and you shouldnโ€™t be required to hold Ethereum, write a smart contract, pay gas costs or bridge blockchains to participate.โ€

The CMO elaborated that Neon wanted to โ€œengage the widest possible audience,โ€ which entails decoupling cryptocurrency from NFT participation.

Allowing NFT artists to reach new collectors

โ€œWhile only 2% of Americans have digital wallets, 80% have a credit card or debit card,โ€ he argued, implying that there is a bigger NFT market out there, which expands beyond crypto savvy audiences.

As Birnholtz pointed out, this implies a 40-fold increase in terms of market reach for the NFT artists, who stand to significantly broaden their customer base.

โ€œWe want to empower creators and digital artists whose work has often been undervalued because itโ€™s not tangible in a traditional sense. We make selling digital art even simpler than selling physical art. If creators want to make NFTs based on their existing content or based on new material, we want them on Neon,โ€ he noted, appealing to NFT artists.

Built on the Solana blockchain, Neon prides itself on being an environmentally friendly marketplace.ย 

โ€œWe wanted to embrace a blockchain thatโ€™s fast, green and meets demand at a global scale,โ€ Birnholtz added, pointing out that all of Neonโ€™s transactions are carbon neutral thanks to offsets purchased by the Solana Foundation.ย 

Posted In: , , Adoption, NFTs