It has been reported that the NFT platform hopes to provide an easy and accessible way for people who want to start buying and trading digital assets without needing deep knowledge of the Web3 industry. The vending machine will allow users to purchase an NFT without owning a digital wallet.
However, users who want to purchase an NFT through myNFT’s vending machine will need to select one of the envelopes on display, and then key in the code provided. After paying, they will be able to scan the QR code in the envelope, which will come with an invitation to set up a myNFT account, complete with an NFT wallet when they will receive their NFT.
Hugo Mcdonaugh, the CEO of myNFT, said:
“The most accessible way to buy anything is through a vending machine and so we’re breaking the perception that buying an NFT is difficult via this initiative.”
The report said that interested participants will be able to purchase an NFT from myNFT’s inaugural collection of donated NFTs, which features brands like Dr. Who Worlds Apart, Thunderbirds, and Delft Blue Night Watch. The physical NFT vending machine will be located outside the NFT.London conference venue, at the Queen Elizabeth II Centre, Westminster, London.
Likewise, proceeds from the NFT vending machine will be donated to Giveth, a blockchain-based philanthropic community that funds public goods, services, and education in developing nations, as well as Roald Dahl’s Marvellous Children’s Charity, which provides specialist nurses to seriously ill children.
In February, it was reported that Solana-based NFT marketplace Neon unveiled a 24/7 NFT vending machine in New York’s financial district that accepted both credit and debit card payments.
Thus, a week after its launch, users reported that neither the NFT vending machine nor the NFT worked as promised.