Europe’s first NFT vending machine to launch in London

NFT marketplace platform myNFT is launching a physical NFT vending machine in London, in a bid to make the digital assets more accessible for consumers.

The concept, a first-of-its-kind in Europe, will be revealed during the NFT.London conference and allow users to easily acquire NFTs without a digital wallet.

Through the machine, located outside of the Queen Elizabeth II Centre in London’s Westminster, customers can purchase an item from the marketplace’s inaugural collection of donated NFTs for £10.

After payment, the machine will dispense an envelope with a unique code inside it for the chosen NFT, which is redeemable on the myNFT platform.

Some of the purchased tokens have a potential value of up to £1,000, the company says.

For more retail technology news, subscribe to the free daily Charged newsletter

Proceeds from the machine will be donated to Giveth, an initiative that aids public services and education in developing countries, and Roald Dahl’s Marvellous Children’s Charity, which provides specialist nurses to ill children.

“There is so much potential in the NFT market and it’s such a shame to see some of that go to waste when possible new entrants are put off getting involved by various unnecessary and complicated barriers,” MyNFT co-founder Hugh McDonaugh said.

“From gas fees, gatekeeping knowledge, to having to set up a complicated digital wallet and more, great opportunities are being denied and squandered to newcomers.

“We’re determined to turn NFTs into an everyday activity for everyone, and break it out of its current clique.

“The best way for the sector to grow is through popular involvement, and we’re only going to achieve that by breaking down barriers.”

Blockchain & CryptoNews


Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.