Vending

Non-fungible token vending machine debuts in NYC

Photo courtesy of Business Wire.

February 21, 2022

New Yorkers interested in buying non-fungible tokens can now do so 24/7 at a vending machine in the financial district, according to an nftevening.com report.

Non-fungible tokens, known as NFTs, are non-interchangeable units of data stored on a blockchain than can be traded or sold. NFTs can be used to store and trade many types of digital files, such as works of art, documents, photos, videos, audio files and more.

Neon, an NFT platform, has introduced an NFT vending machine in Manhattan's financial district. An image of the machine on LinkedIn shows neon graphics of the words: "Buy Colors," "Buy Pigeons" and "NFT ATM."

The user makes an NFT selection, then pays using a debit card, credit card, Samsung Pay or Apple Pay. The machine then dispenses a box with a code in it for the selected NFT. The user then scans the code on the box and redeems the NFT on the Neon platform.

A cryptocurrency wallet is not required to purchase an NFT from the machine.