Physical NFTs can be traded online or handed over in the real world
- myNFT to facilitate physical purchase of NFTs without a virtual wallet, the project aims to change the existing narrative.
- Users can now purchase NFTs with fiat using Apple Pay, Google Pay and alternative contactless payment options.
The future of NFT has taken another dimension with the emergence of a game-changing innovation from a leading NFT marketplace. The marketplace identified as myNFT, today announced the exhibition of the first ever physical NFT machine in Europe. As revealed, the exhibition will take place at the NFT.London conference between November 2-4.
With the NFT machine, users can purchase NFT seamlessly without owning a virtual wallet. The announcement indicates that passers-by can use the NFT machine to acquire around five NFTs even without a ticket to the conference. The set limit aims to ensure that everyone gets an equal opportunity to use the machine.
Very pleased to announce our NFT slot at #NFTLondon2022 in collaboration with event organizers: @NFT_NYC
With all proceeds donated to charity, this is a great opportunity for Londoners to discover new NFT projects and artists! https://t.co/3gqRh2Sy4I
— myNFT (@myNFT) 27 October 2022
In an effort to ensure that people without a digital wallet use the machine, myNFT incorporated Apple Pay, Google Pay and a contactless payment option into the NFT machine. The innovation will set the tone for the future evolution of the physical world into virtual assets. Likewise, the NFT vending machine will facilitate more purchases of NFT due to its friendly payment options.
How the myNFT NFT machine works
First, customers will select one of the envelopes displayed and then enter the code provided. The user will then pay £10 through Apple Pay, Google Pay and other available contactless payment methods. After payment, users will be able to open the envelope and scan the QR code.
The user will then be invited to set up a free myNFT account with an NFT wallet. So the user’s NFT will be available in the wallet of their myNFT account. An interesting aspect of the initiative is that NFTs offered on the platform range from £10 £1000. In addition, the collection on the platform will include prominent collections designed by brands such as Dr. Who Worlds Apart, Thunderbirds, Delft Blue Night Watch and others.
Notable Sidenotes on the innovation of myNFT
The co-founder of myNFT, Hugo McDonaugh has reacted to the development. The co-founder said the firm is committed to making NFTs an everyday activity. McDonaugh emphasized that myNFT is committed to changing the existing narrative about NFTs.
According to the announcement, the processing of the vending machine will go to Giveth as donations. Also Roald Dahl’s Wonderful Childhood. The two organizations are recognized charitable firms and will benefit from the proceedings as part of the myNFT mission to help the less privileged.
However, myNFT intends to eliminate any obstacles towards users in the course of embracing the NFTs. The marketplace offers a less complicated way for users to buy and trade virtual assets. It is important to note that this position motivated the emergence of the NFT machine.
