Multi-chain non-fungible token (NFT) marketplace myNFT has announced that it will unveil its first physical NFT vending machine at this year’s NFT.London event, to be held in London on November 3-4.
Users of the machine will be able to choose an NFT at random for a flat fee of £10. The NFTs that the machine will dispense span several ranges.
myNFT is a multi-chain display NFT marketplace that brings NFT tokens closer to the people.
🤩 @myNFT is bringing its vending machine to Europe!
The physical NFT vending machine will be placed in London at the #NFTLondon2022 event, November 3-4!#NFTs #NFTinsights pic.twitter.com/47Gf8vmBPE
— NFT Insights (@NFTs_Insights) October 29, 2022
Bringing NFTs to the people
The sale is designed to bring NFTs offline and into the real world. A myNFT spokesperson commented that the vending requires no prior NFT experience. What could be easier than such a machine?
The vending machine also doesn’t have a technical setup like you would see in a cryptocurrency wallet. He said that all you have to do is scan a QR code and the setup will be done in two minutes.
Users of the vending machine will have access to choose an NFT at random for a flat fee of £10. The NFTs that the machine will dispense span several ranges. Each has a minimum value of £10 and a value of over £100.
Users can choose to sell the purchased NFTs instantly or keep them as pieces of art. The value of the NFTs increases over time.
According to myNFT, the vending machine will be placed just outside the venue of the NFT.London conference. It is being held at the Queen Elizabeth II Centre. According to the information, the reason is to maintain the company’s policy of accessibility and openness.
NFTs available to all
Not only would ticket holders have access to use the machines, but anyone passing by would be free to purchase up to five NFTs with the machines.
myNFT said its first NFT collections are going to include tokens with varying degrees of rarity.
One of myNFT’s main goals is to remove barriers to entry into the NFT sphere. It wants to open an easy path for anyone interested in buying or selling NFT and other digital assets.
myNFT CEO Hugo Mcdonaugh, said, “The most accessible way to acquire anything is through a vending machine, so with this initiative we are breaking the paradigm that buying an NFT is complicated.”
Newcomers are denied good opportunities because of high gas rates and complicated setups. McDonaugh said myNFT is committed to making NFT investing an activity for everyone.
“We are determined to make NFT an everyday activity for everyone, and to take it out of its current cliquishness. The best way for the sector to grow is through popular participation, and we’re only going to do that by breaking down barriers.”
Interested participants will be able to purchase an NFT from myNFT’s inaugural collection of donated NFTs, which features brands such as Dr. Who Worlds Apart, Thunderbirds and Delft Blue Night Watch.
The physical NFT vending machine will be located outside the NFT.London conference venue at the Queen Elizabeth II Centre, Westminster, London.
Proceeds from the NFT vending machine will be donated to Giveth, a blockchain-based philanthropic community that funds public goods, services and education in developing countries, as well as Roald Dahl’s Marvellous Children’s Charity, which provides specialist nurses to seriously ill children.
The NFT platform hopes to provide an easy and accessible way for people who want to start buying and trading digital assets without the need for in-depth knowledge of the Web3 industry.
The vending machine will allow users to purchase NFT without the need to own a digital wallet.
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