NFT slot lands in Europe and raises £3,900 for Chairty

myNFTthe low-cost, multi-chain NFT marketplace that brings non-fungible tokens to the masses, exhibited Europe’s first physical NFT machine at the NFT.London conference on November 3rd and 4th.

The NFT machine’s first outing saw 390 NFTs sold over the two days (one NFT sold every two minutes), raising £3,900 for charity giveswhich finance public goods and services and education in developing countries, and Roald Dahl’s wonderful childcarewhich provides specialist nurses for seriously ill children.

The machine received a great reception with celebrities and influencers such as Ant Middleton and @andythenguyen also gives it a thumbs up.

What a conference!
NFT London 2022 was fantastic, the myNFT team had a fantastic time, we are very grateful to the organizers – @NFT_NYC and all ours #MINTFENDINGMACHINE partners.

We will be posting more about the conference next week and releasing more videos/content for you! pic.twitter.com/q3ULKgXo0k

— myNFT (@myNFT) 4 November 2022

To purchase an NFT through myNFT’s vending machine, customers simply had to select one of the envelopes displayed and then key in the provided code. After paying £10 via Apple Pay, Google Pay or an alternative contactless payment method, they received a card with a QR code.

Once they set this up, complete with an NFT wallet, they received the NFT which can be worth up to £1000. myNFT’s first NFT collection included a selection of iconic NFTs, made by brands including Dr. Who Worlds Apart, Thunderbirds, Delft blue night watch and many others.

Breaking barriers to entry

One of myNFT’s main goals was to eliminate any entry barriers in the NFT area. It wants to provide an easy way in for anyone who wants to start buying and trading digital assets. The vending machine epitomized the simplicity of myNFT’s platform, creating a fun and engaging process for acquiring NFTs.

“There is so much potential in the NFT market and it is such a shame to see some of it go to waste when potential new entrants are put off getting involved by various unnecessary and complicated barriers. From gas taxes, gatekeeper knowledge, to having to set up a complicated digital wallet and more, great opportunities are being denied and wasted on newcomers.” Hugo McDonoughco-founder of myNFT, said in a statement.

“We are determined to make NFTs an everyday activity for everyone, breaking it out of the current clique,” McDonaugh added. “The best way for the sector to grow is through popular involvement, and we will only achieve that by breaking down barriers. Our unique vending machine, the only one in Europe, is a fun and whimsical way to demonstrate it.”

myNFT is now looking to find a more permanent home for its vending machine. “We’ve also been asked by several events if they could have the vending machine for their events around the world,” McDonaugh added.

Future expectations

myNFT is currently live in Beta. Customers can already visit the platform to buy and sell NFT on Ethereum, Moonbeam, Moonriver, Polygon and Binance Smart Chain Networks. They can also use the new GBM auction system to sell their NFTs. There are also many other features in the pipeline coming soon to myNFT. These include next-generation NFT minting tools, multi-currency NFT listings, token-gated experiences, and integration of other blockchain networks into the platform.