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    Thursday, February 24, 2022

    Neon Launches World’s 1st NFT Vending Machine in New York City

    Neon, the NFT and digital collecting platform has launched the world’s first NFT vending machine in New York City’s Financial District. Located just off Wall Street, the machine accepts USD credit and debit cards then dispenses a box with a unique code inside it for the chosen NFT, which is easily redeemable on the Neon platform.

    With no cryptocurrency, crypto wallet or specialized knowledge required, Neon has built a simple accessible way to buy, sell and trade NFTs in the real world. The vending machine is open 24 hours a day.

    “Our goal is to support artists and creators by letting them sell digital art to everyone, and to help anyone who wants to become a collector. 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.” Jordan Birnholtz, CMO and co-founder of Neon said.

    Built on the Solana blockchain, Neon is a crypto startup, that operates as an NFT marketplace and gallery. Its NFT vending machine, made of glass, glows in neon pink and blue lights making for a visual spectacle in NYC's Financial District.

    Jordan Birnholtz, the co-founder of Neon, intends to demystify the procedure of owning NFTs for all, crypto-holders as well as non-crypto owners.

    “You shouldn't be required to hold Ethereum, write a smart contract, pay gas costs or bridge blockchains to participate. NFT buying and selling doesn't need to be a mystery,” Birnholtz said in an official statement.

    This NFT vending machine concept will also scale the visibility of artists, who are creating these pieces and selling them as digital collectibles.

    Currently, artists who are selling their works as NFTs on platforms like OpenSea and LooksRare, only have crypto owners as their buyers.

    “While only two percent of Americans have digital wallets, 80 percent have a credit card or debit card. Our goal is to support artists and creators by letting them sell digital art to everyone, and to help anyone who wants to become a collector,” Birnholtz added.

    The public reaction to the vending machine on social media seems to an encouraging sign.

    The sales of NFTs reached some $25 billion in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar showed.

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