THE WORLD’s first ever NFT vending machine has opened in New York City.
Located just off Broadway, those looking to buy can use credit and debit cards to make purchases.
The machine dispenses a box with a unique code inside for the chosen non-fungible token.
NFTs can then be redeemed on via the digital marketplace Neon, which is the company behind the vending machine project.
Assets that can be bought under the new project include everything from digital artwork to metaverse property.
Unusually, the vending machines will let purchases be made using US dollars.
NFTs are ordinarily purchased online and must be done with cryptocurrency.
Neon believes the vending machines will help make NFTs more accessible for the general public.
Jordan Birnholtz, co-founder of Neon said: “Our 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.
“Giving people the choice to use vending machines and an easy online platform that decouples cryptocurrency from NFT participation means we can engage the widest possible audience.”
Those looking to be collectors merely need an email address to sign up along with the credit or debit card for payment.
Interest in NFTs has exploded over the past year, with an increasing number of people getting involved in the Digital asset market.
In 2021 an estimated $23billion worth of NFTs were sold, up from just $94.9million in 2020.
With interest growing, a number of high profile companies have started to experiment with the opportunities blockchain technology offers.
YouTube has announced plans to expand into the space in 2022, while notorious lifestyle magazine Playboy has released almost 12,000 NFTs based on its brand.
Neon’s new vending machine is accessible 24 hours a day and is located at 29 John Street.
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