Multi-chain non-fungible token (NFT) marketplace MyNFT has made the announcement of showcasing its debut physical NFT vending machine at this year’s NFT.
Cointelegraph reported, London event scheduled to take place for November 2-4, 2022.
This new concept was developed by multichain NFT marketplace MyNFT, which is looking to allow customers to create, trade and migrate the asset across any blockchain at a low cost.
The vending machine, which will be revealed during the NFT. London conference, enables users to purchase an NFT quickly, without the need for a digital wallet.
With the machine, customers can choose an item from the marketplace’s inaugural collection of donated NFTs and purchase it for 10 pounds.
The concept will be located just outside of the Queen Elizabeth II Centre in London’s Westminster, where anyone passing can use the machine to purchase up to five NFTs.
The revenue from the machine will be donated to Giveth, an initiative that aids public services and education in developing countries, and Roald Dahl’s Marvellous Children’s Charity, which provides specialist nurses to ill children.
In a release, Hugh McDonaugh, co-founder of MyNFT said, “There is so much potential in the NFT market and it’s such a shame to see some of that go to waste when possible new entrants are put off getting involved by various unnecessary and complicated barriers.”
Also, from gas fees, gatekeeping knowledge, to set up a complicated digital wallet and more, great opportunities are being denied and squandered to newcomers, he added.
Besides that, to turn NFTs into an everyday activity for everyone, and break it out of its current clique, the best way for the sector is to grow involvement through people by breaking down barriers.