Physical NFTs can be traded online or handed over in real world

On Oct 27, 2022

myNFT to facilitate the physical purchase of NFTs without a virtual wallet, the project aims to change the existing narrative.
Users can now purchase NFTs with fiats 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 by a leading NFT marketplace. The marketplace identified as myNFT, today announced the exhibition of the first-ever physical NFT vending machine in Europe. As revealed, the exhibition will take place at the NFT.London conference between November 2nd – 4th.

With the NFT vending machine, users can purchase NFT seamlessly without owning a virtual wallet. The announcement indicates that passers-by can use the NFT vending machine to acquire about five NFTs even without a ticket to the conference. The set limit is aimed at ensuring that everyone gets an equal opportunity to use the machine.

Very excited to be announcing our NFT Vending Machine at #NFTLondon2022 in collaboration with event organisers: @NFT_NYC
With all the proceeds being donated to charity, this is a great opportunity for Londoners to discover new NFT projects and artists! https://t.co/3gqRh2Sy4I
— myNFT (@myNFT) October 27, 2022

Furthermore, in a bid to ensure that people without a digital wallet use the machine, the myNFT incorporated Apple Pay, Google Pay, and a contactless payment option into the NFT vending machine. The innovation will set the tone for future advancement 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 vending machine works

First, customers will select one of the envelopes on display, then key in the code provided. Then, the user will pay £10 through Apple Pay, Google Pay, and other available contactless payment methods. After the payment, users will be able to open the envelope and scan the QR code.

Thereafter, the user will be invited to set up a free myNFT account with an NFT wallet. So, the user’s NFT will become available in the wallet on their myNFT account. An interesting aspect of the initiative is that NFTs on offer on the platform range from £10 £1,000. Additionally, 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 about the innovation by myNFT

The co-founder of myNFT, Hugo McDonaugh has reacted to the development. The co-founder said the firm is committed to turning NFTs into an everyday activity. McDonaugh emphasized that myNFT is keen to change the existing narrative about NFTs.

According to the announcement, the proceedings of the vending machine will go to Giveth as donations. Also, Roald Dahl’s Marvellous Children’s Charity. The two organizations are reputable charitable firms, and they’ll benefit from the proceedings as part of myNFT mission to assist the less privileged.

However, myNFT intends to eliminate any obstacles against users in the course of embracing the NFTs. The marketplace offers a less-complicated way for users to buy and trade virtual assets. It’s imperative to note that this position motivated the emergence of the NFT vending machine.