Neon Launches World’s First NFT Vending Machine

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Solana‘s NFT marketplace Neon introduced its own NFT vending machine which is the first in the world.

Neon’s NFT vending machine makes it easier for people to venture into the NFT space even without prior knowledge or expertise on cryptocurrency and blockchain technology.

How Does It Work?

The vending machine can operate 24 hours a day according to a Business Wire report. User can use their USD debit and credit cards to get a unique code in a box from the NFT vending machine. Codes are redeemable on Neon for Solana NFTs.

“Giving people the choice to use vending machines and an easy online platform that decouples cryptocurrency from NFT participation means we can engage the widest possible audience. NFT buying and selling doesn’t need to be a mystery and you shouldn’t be required to hold Ethereum, write a smart contract, pay gas costs or bridge blockchains to participate.” said Birnholtz

Neon CMO and Co-Founder Jordan Birnholtz said that the goal is to enable artists to put their art up for sale to anyone who wants to collect NFT assets.

Birholtz mentioned that 80& of Americans own credit or debit cards while 2% hold digital wallets, which is the rationale behind why the vending machine will accept credit and debit cards.

The NFT Craze

Non-fungible tokens (NFTs) have become popular for running transactions that involve digital artworks in replace of crypto tokens. NFTs are predicted to be used by creators and artists in many ways, becoming the platform for real-world artworks and experiences and in-game purchases. Neon aims to expand the opportunities and access the platform offers.

Energy-Efficient Blockchain

Founders and engineers of Neon are working with the Solana blockchain which features smart contracts because it leverages proof-of-stake, is energy-efficient, and can manage 65,000 transactions in a second with almost zero fees. Transactions conducted in neon are carbon neutral thanks to offsets that the Solana Foundation purchased.

“We wanted to embrace a blockchain that’s fast, green, and meets demand at global scale,” Birnholtz stated. 

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