- Multichain NFT marketplace, myNFT has announced plans to unveil Europe’s first-ever physical NFT vending machine at the NFT.London in the coming month.
- myNFT plans to distribute the proceeds from its unusual NFT sale to notable charitable organizations.
Multichain NFT marketplace myNFT announced today the exhibition of its physical non-fungible token (NFT) vending machine that has been scheduled to happen at the NFT.London inaugural conference from November 2nd – 4th. This will see the platform unveiling its services at NFT.London, an annual top-tier Web3 event.
myNFT is a London-based low-cost NFT marketplace that seeks to provide easier accessibility to the tech space. While in its beta testing stage, myNFT is on the move to provide people with the opportunity to buy and trade in digital assets without the need to be well-versed in the Web3 industry.
Currently, myNFT gives room for customers to buy and sell NFTs on Ethereum, Moonbeam, Moonriver, Polygon, and Binance Smart Chain networks via its platform.
myNFT Debuts Europe’s First-Ever Physical NFT Vending Machine
In a bid to facilitate easier access to the NFT space without any required expertise, myNFT has decided to launch the physical NFT vending machine. The physical NFT vending machine presents users with the avenue to purchase an NFT without a digital wallet, making buying NFTs a hassle-free endeavor.
Basically, the machine acts as an offline infrastructure iterating an innovative approach to NFT distribution. Testimonies concerning the NFT vending machine unveiled that it has the potential to provide users with wholly owned and decentralised items, some of which include items of food and drink that are not yet traded on myNFT.
myNFT is making buying NFTs accessible with a physical NFT machine.
Using myNFT’s physical vending machine to buy an NFT simply requires users to select one of the displayed envelopes, and then key in the code provided to trade NFTs. Users can then proceed to make a minimum payment of £10 via Apple Pay, Google Pay or any possible alternative payment method.
Hence, they can now open up the envelope and scan the QR code. This will provide them with an automated invite to set up a free myNFT account, complete with an NFT wallet, in which they’ll receive their NFT, which could be worth up to £1,000.
According to the announcement, myNFT’s novel vending machine apparently reflects the simplicity of the platform and its commitment to creating a fun and engaging process for buying and selling NFTs.
myNFT to Distribute Sales Proceeds to Charitable Organizations
myNFT will be offering people exclusive access to its inaugural NFT collection as the vending machine will be available for everyone present at the NFT.London event and not only the ticket holders. Even passers-by will be allowed to leverage the machine by purchasing up to five NFTs, a limitation that’s designed to ensure everyone who wants to, has the chance to use the machine.
As such, there are tendencies that the platform will be recording a massive sale following the simple approach it has proposed to launch its inaugural NFT collection. The collection has been designed to feature unique tokens created by iconic digital brands, including the likes of Dr. Who Worlds Apart, Thunderbirds, Delft Blue Night Watch, and others.
Nonetheless, the platform further disclosed that it will be distributing all the proceeds from this unusual NFT sale to reputable charity organizations. This includes Giveth, a crypto-friendly foundation that funds public goods & services and education in developing countries. Also is Roald Dahl’s Marvellous Children’s Charity which supports special nurses for seriously ill children.
Hugo McDonaugh, co-founder of myNFT commented on the announcement, explaining myNFT’s vision and concerns regarding the NFT space. His comment reads:
“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. From gas fees, gatekeeping knowledge, to having to set up a complicated digital wallet and more, great opportunities are being denied and squandered to newcomers,”
McDonaugh further added, “we’re determined to turn NFTs into an everyday activity for everyone, and break it out of its current clique”, McDonaugh added. “The best way for the sector to grow is through popular involvement, and we’re only going to achieve that by breaking down barriers. Our unique vending machine, the only one in Europe, is a fun and quirky way to demonstrate that.”