FINANCE-CRYPTO-NEW-YORK-VENDING-Move over candy bars, New York vending machine now selling NFT art
People pass by sign saying “NFT ATM,” in a small storefront that hosts digital art collecting platform Neon’s first in-person non-fungible token (NFT) vending machine in Lower Manhattan’s financial district of New York City.NEW YORK: Digital art collecting platform Neon has launched the first in-person non-fungible token (NFT) vending machine in New York City, aiming to make online art pieces as easily available as soda or a candy bar.
The twist? You have no idea what piece of digital art you might purchase.
“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 with , of the vending machine’s target customer.
Did you Know?
You can earn interest like bank savings account on your Bitcoin wallet
View Details »
Located in a small storefront in Lower Manhattan’s financial district with a sign outside saying “NFT ATM,” it looks like a traditional vending machine, but offers QR codes that come on slips in small paper boxes. The drops range in price from $5.99 to $420.69.
Once the QR code is scanned, the user can see their new piece of art on any smartphone, laptop or tablet.
At the Lower Manhattan site, the codes lead to two categories of digital art pieces, either a color or a picture of a pigeon.
For Zappitell, the element of mystery is a natural extension of the digital art space.
“As a 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.”
The art pieces sold in the vending machine rely on the Solana blockchain, which ensures carbon-neutral transactions.
And while digital art is mostly offered via cryptocurrencies, Neon’s vending machine accepts fiat currency – you can use a credit card to make a purchase.
Starting with $3 million in seed money, Neon says it hopes to roll out more vending machines in malls and other 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.
Crypto Returns Calculator
0x1inchAaveAirSwapAlgorandAmbire AdExAnkrAugurAvalancheAxie InfinityBancorBand ProtocolBasic Attention TokenBinance CoinBitcoinBitcoin CashCOTICardanoChainlinkChilizChromiaCivicCompoundCosmosCurve DAO TokenDFI.moneyDIADaiDashDecentralandDigiByteDogecoinEOSElrondEnjin CoinEthereumEthereum ClassicFantomFetch.aiFilecoinGASGalaGolemHarmonyIOSTIndian RupeeInternet ComputerKeep NetworkKyber NetworkLitecoinLivepeerLoopringMakerMetalNEMNEONKNNanoNanoNumeraireOmiseGOPax DollarPolkadotPolygonPower LedgerQuantstampQuarkChainRepublic ProtocolRequestRipio Credit NetworkRippleShiba InuSolanaStatusStellarStorjSushiSwipeSynthetix Network TokenTerraTetherTezosThe GraphThe SandboxTheta FuelTheta NetworkThresholdTronTrue USDUSD CoinUniswapVeChainWavesZilliqaaelfdistrict0xiExec RLCyearn.finance
Bought on₹Current Value₹ Buy
Pick the best companies to invest
BECOME AN ETPRIME MEMBER