NFT vending machine on the streets of New York City

Neon, the digital art collecting platform, introduced the first NFT vending machine in New York City, with the simple goal: To make digital art as easy to get as it is to walk into a store and buy a soda or a bar of chocolate.

Why the innovation?

“It’s the cryptocurrency-curious people who tried to buy cryptocurrencies or were interested in buying an NFT, but ran into too many barriers,” commented Kyle Zappitell, CEO of Neon, talking about the goal of the machine.

This vending machine is located in a small storefront in Lower Manhattan’s financial district, with a large sign on the outside that reads “NFT ATM”, on the outside it looks like a normal vending machine but on the inside, it offers QR codes contained in small paper boxes and can be found priced between $5.99 and $420.69.

To make it more accessible the machine will not only accept cryptocurrencies as a form of payment. In this way, it will manage to get more and more people to enter fully into the NFT universe.

The purchase process is quite simple:

• The facility will be open 24 hours a day,
• The moment you buy your asset, the vending machine will eject a box with special codes for the selected NFT that can then be redeemed at Neon.
• Once the QR code is scanned, you can view your artwork on any smartphone, laptop, or tablet.

The codes lead to two categories of digital art pieces, a color or a dove, but the interesting thing is that you have no idea which piece of digital art you will receive until you buy it.

With $3 million in the capital, more vending machines are expected to be installed in shopping malls and other public spaces.

“One of the most powerful messages of this initiative is that it uses this old-world technology to enable the adoption of new-world technology,” Zappitell said.

Our recommendation is that if you are planning a trip to magnificent New York City soon you have one more new stop to add to your itinerary.