Non-fungible tokens, or NFTs, have already created a buzz in the art industry. Witnessing this success of NFT minting has encouraged enthusiasts of other arts and entertainment industries to create their own success stories.
You can create and secure NFTS using blockchain technology, mostly Ethereum. NFTs may include digital assets such as avatars, collectibles, artwork, music, song, video, image, etc.
While minting NFTs requires specific expertise to design and create an NFT, the evolution in technology is making it easier for consumers to buy NFTs on the go now. New technology has appeared on the horizon, and people will be able to experience it at the NFT.London by NFT.NYC on November 2, 2022.
First Ever NFT Vending Machine to Unveil at NFT.London 2022
If you wish to get the latest updates on the NFT industry, NFT.London 2022 is the right platform for you. myNFT is one of the most popular NFT multichain marketplaces. The company has promised to showcase the world’s first-ever NFT vending machine at NFT.London 2022.
The event itself has been scheduled for November 2 to 4, 2022. The idea behind this technology is to ensure that the general public/consumer can also have easy access to non-fungible tokens. Think of this vending machine as similar to a traditional vending machine dispensing products when you pay by cash or credit/debit cards.
However, in the case of an NFT vending machine, the machine will mint an NFT and transfer it to your digital wallet. As you make a payment using fiat currency on the vending machine, the machine will transfer the ownership of the NFT to you as per the details you provide.
Therefore, if you happen to be in London or the United Kingdom and want to start buying NFTs, attending NFT.London 2022 sounds like a good reason to go out. This is a fantastic event if you are interested in blockchain, metaverse, and NFTs.
Why an NFT Vending Machine?
A physical NFT vending machine will allow general consumers to buy and trade digital assets or NFTs. However, purchasing an NFT will not require deeper knowledge about the industries like blockchain, NFTS, and the metaverse.
Typically, buying or investing in NFTs from marketplaces online requires you to create or own a digital wallet to store your NFTs. However, the best part about physical NFT vending machines is that you will need to own a digital wallet.
How to buy NFTs from NFT Vending Machine?
Buying NFTs from a vending machine will be a straightforward task. There will be several envelopes on display on the NFT vending machine screen. There will also be a key provided in the code. Once you make a payment, you will be able to scan a QR code available in the envelope.
As you scan this code, you will receive an invitation with a request to set up your account with myNFT. This account will also include your digital wallet with myNFT. As soon as you have completed this process, the system will transfer your newly bought NFT from the vending machine directly to your digital wallet account.
In simple terms, this technology is the most accessible means for you to buy non-fungible tokens via the vending machine. Therefore, you can say that this physical vending machine now breaks the myth that getting your hands on NFT is a challenge.
Whether an NFT aficionado or someone wanting to try what the fuss is all about, now you will be able to buy an NFT. At NFT.London, myNFT will make the donated NFTs available for sale via the vending machine. These NFT will be the inaugural collection featuring tokens for some of the world’s favorite franchises, which are as follows.
- Doctor Who
- Delft Blue Night Watch
- Thunderbirds
Where to find the NFT Vending Machine in NFT.London 2022?
If you are excited about this new opportunity and want to try it, head to the NFT.London 2022. The exact location of the NFT vending machine is just outside the venue for NFT.London conference. This address where the NFT.London is held in 2022 at the Queen Elizabeth II Centre in Westminster, London.
Inaugural NFT Vending Machine Sales is for a Good Cause
While you can buy NFTs hassle-free, the sale money from the vending machine will go to two noble causes. myNFT will donate the proceeds to Giveth. This blockchain-based community uses donations to fund public services, education, and goods in developing countries around the world.
The proceeds will also go to Roald Dahl’s Charity known as Marvellous Children’s Charity. This particular organization ensures to provide specialist nurses to children with serious illnesses.
The Bottom Line
Will the physical vending machine deliver on its promise? Well, this is still to be experienced by industry experts and NFT buyers. The reason is that in February 2022, Neon, a Solana-based NFT company unveiled its own version of a physical vending machine selling NFTs.
The concept was similar in allowing consumers to buy NFTs using a debit and/or credit card. However, according to many users, the vending machine did not work as Neon promised. Therefore, time will tell if myNFT’s vending machine will be a success. Nonetheless, the world and industry experts have their eyes on NFT.London, 2022 for this special unveiling.
One thing is for sure the vending machine selling non-fungible tokens will be creating digital art in various forms and making them available to the general public in London. You can attend NFT.London and buy an NFT at an affordable price and even take it away as a souvenir of this historical event.
What if the vending machine becomes a success in the near future? Imagine the potential profits and demands for the NFT you purchase at the unveiling of the vending machine. You will be the owner of the first-ever NFTs created and sold by the world’s first-ever NFT vending machine.
So, are you going to be there?!
Let us know if you get your hands on the NFT vending machine. Check out our blog series for more knowledge about NFTs and metaverse.
