The web3 platform and multi-chain NFT marketplace myNFT just announced its NFT vending machine will make its debut at the first annual NFT.London conference. The event is scheduled to take place between November 2nd-4th this year in Winchester, London.
The physical NFT vending machine is intended to make NFTs more accessible and give people the chance to buy and trade digital assets without a deep understanding of Web3. The vending machine lets users buy and hold NFTs without a digital wallet.
Here’s how it works. Like a regular vending machine, users must select one of the items on display and enter in a code. In this case, the items are envelopes that contain a QR code that when scanned will help users set up a MyNFT account which comes with an NFT wallet and the NFT they just purchased.
Interested fans will also have the opportunity to purchase from myNFT’s inaugural collection, which includes donated NFTs from brands like Delft Blue Night Watch, Thunderbirds, and Dr. Who Worlds Apart.
The real-life NFT vending machine will be positioned outside the Queen Elizabeth II Centre at NFT.London, and funds from the vending machine are being donated to the blockchain-based philanthropic organization Giveth and Roald Dahl’s Marvelous Children’s Charity.
The move from the London-based Web3 platform myNFT to create an NFT vending machine is certainly noteworthy, but it’s not the first NFT vending machine we’ve seen this year. In February, Neon, a Solana-based marketplace, launched a 24/7 NFT vending machine in New York City.
Brands Try to Make NFTs More Accessible
The motive behind myNFTs NFT vending machine at a major event like NFT.London is to make NFTs more accessible. And myNFT isn’t the only platform innovating to bring NFTs to the masses. Here are three interesting stories we’ve reported at Rarity Sniper that involve similar projects.
First, nine months ago, the National Football League (NFL) gave free NFT keepsakes to all ticket holders of Super Bowl LVI on in Los Angeles. The NFL partnered with Ticketmaster and Live Nation to create the collection, and each NFT included a unique section, row, and seat number like an actual ticket.
Next, about a month ago, American fashion designer Tommy Hilfiger gave away free NFTs at a party at New York Fashion Week. By simply tapping an NPC on the wall with their phone, all 1,200 guests received a limited-edition Tommy Hilfiger NFT with original digital art. Some of the celebrity guests at the party included Travis Barker, Kate Moss, and Mr. Brainwash.
Lastly, the UK-based fashion store Harvey Nichols opened a physical NFT shop in Hong Kong. The store is focused on displaying and selling blue-chip NFT collections like CryptoPunks, Doodles, Bored Apes and more, and customers can purchase select NFTs on the spot using cryptocurrency and credit or debit cards.
Because the blockchain and NFTs are still nascent technologies, many people still don’t understand how to use them. Brands and organizations like the ones above and now myNFT with its forthcoming NFT vending machine are doing their best to try to change that. We’ll be following up with NFT.London to see if the physical vending machine selling digital assets is a hit with conference-goers.