Neon, a digital art collecting platform, has opened the first in-person non-fungible token (NFT) vending machine in New York City, with the goal of making online art as accessible as soda or a candy bar. Neon CEO Kyle Zappitell said in an interview that the vending machine’s target the crypto inquisitive folks who attempted to buy bitcoin or were interested in buying an NFT, but they simply struck too many roadblocks.
It appears like a regular vending machine and is located in a small shop in Lower Manhattan’s financial area, with a sign outside stating “NFT ATM.” It offers QR codes on slips in little paper boxes.
The prices for the drops range from $5.99 to $420.69. After scanning the QR code, the customer may view their new work of art on any smartphone, laptop, or tablet. The codes at the Lower Manhattan location lead to two types of digital art pieces: a colour or an image of a pigeon. According to Zappitell, the element of mystery is a natural extension of the digital art environment. As an NFT collector, one of the things you appreciate over time is the randomness of, ‘Which one are you going to get?’ he explained. “That’s one of the interesting features.”
The vending machine art relies on the Solana blockchain, which assures carbon-neutral transactions. While most digital art is sold using cryptocurrency, Neon’s vending machine takes fiat cash – you may pay with a credit card. Neon says it hopes to expand its vending machine network in malls and other public places with a $3 million seed investment.