Crypto has had quite the year with uncertainty continuing into the new year. However, any novel sort of game-changing paradigm shifting technology comes with booms and busts and natural bubble cycles. Trial and error is necessary in order to create a stable, secure, decentralized ecosystem. That being said, the uncertainty surrounding cryptocurrencies has not stopped London from innovating—welcome the NFT Vending Machine!  

Hugo McDonaugh presented myNFT, an online marketplace for trading NFTs, using a vending machine at NFT.London at the Queen Elizabeth II Centre in London, U.K. in October. Specifically, myNFT recruited artists to donate their works to the vending machine for users to purchase. In particular, myNFT’s NFT vending machine initiative was designed to increase access to NFTs and decrease barriers to entry. 

This NFT vending machine is in London and users pay 10 pounds ($12.07) in return for an NFT card that can be used to access the machine. Users can then scan the card and gain access to myNFT. On myNFT, users can buy and redeem NFTs automatically sent to their own non-custodial cryptocurrency wallet.

Would you buy an NFT from a vending machine? 

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For more on the NFT vending machine, see https://www.bloomberg.com/news/audio/2022-12-26/would-you-buy-an-nft-from-a-vending-machine-podcast.

Photo credits, see https://www.geekmetaverse.com/mynft-europes-first-nft-vending-machine-to-be-unveiled-in-london/.