Not Tokyo or Osaka – It is New York City that has got the world’s first NFT vending machine

Simplicity is not something associated with NFTs. It is a convoluted, alien concept for many and challenging to wrap our heads around; only it’s not! Making NFT purchases as simple as buying string cheese is Solana NFT marketplace, Neon. Coming to New York City’s Financial District, just off Wall Street, is a brick-and-mortar style vending machine where a swipe of your credit card or a stash of cash will make you the owner of a non-fungible token. The machine takes USD credit and debit cards and then dispenses a box with a code. The code can then be redeemed on the Neon platform.

Gizmodo shared, “With no cryptocurrency, crypto wallet, or specialized knowledge required, Neon has built the simplest, most accessible way to buy, sell and trade NFTs in the real world. Giving people a choice to use vending machines and an easy online platform that decouples cryptocurrency from NFT participation means we can engage the widest possible audience,” said Neon’s co-founder and CMO Jordan Birnholtz.

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Birnholtz continued, “The Neon founders and engineers chose the Solana blockchain featuring smart contract capabilities because it’s the most energy-efficient, leveraging proof-of-stake, and boasts a theoretical throughput of 65,000 transactions a second with near-zero fees. Neon’s transactions are carbon neutral thanks to offsets purchased by the Solana Foundation. We wanted to embrace a blockchain that’s fast, green, and meets demand at a global scale.”

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This can be a ground-breaking way to turn NFTs into a mass embraced idea simply by eliminating crypto to get a taste of NFT ownership. NYC’s first-ever NFT vending machine will be operational 24 hours a day and for now includes only two different kinds of NFTs, Party Pigeons and Project Color.

[Via: Time Out]

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With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.