The kiosk, located immediately outside the Queen Elizabeth II Centre in Westminster, supports Apple Pay, Google Pay, or any contactless payment system, then distributes an enclosure with a distinct code for the selected NFT, which can be simply redeemed on the myNFT platform.
Clients will be able to pick from myNFT’s library of donated NFTs for a fixed cost of £10 without requiring bitcoin, a cryptocurrency wallet, or specialist expertise. Dr. Who: Worlds Apart, Thunderbirds, Delft Blue Night Watch, and numerous others will be among the hundreds of NFTs available from November 2nd to 4th. The business claims that some of the acquired tokens have a likely worth of up to £1,000.
To guarantee that participation is open to everyone, the myNFT platform will allow clients to purchase NFTs utilizing fiat cash through an onramp. Buyers will be able to register in myNFT’s ‘bid-to-earn’ GBM auction mechanism, allowing them to either win the stuff they’re betting on or receive a reward for participating in the bidding.
In explaining the logic for the support of fiat and mobile settlements, myNFT emphasized that one of its primary objectives is to remove any entrance barriers in the NFT industry. Its vending machine represents the easiness of myNFT’s platform, which makes the process of getting NFTs entertaining and appealing.
“There is tremendous opportunity in the NFT industry, and it’s such a pity to see part of it wasted when prospective new entrants are discouraged from entering the market by different unneeded and complex restrictions. Hugo McDonaugh, co-founder of myNFT, stated in a statement, “From gas taxes to gatekeeping expertise to needing to set up a sophisticated digital wallet, big potential are being refused and wasted by newbies.”
McDonaugh further stated “We are focused on breaking NFTs out of its present niche and make it a commonplace pastime. The only approach for the industry to expand is via public participation, and we can only do this by removing obstacles. Our one-of-a-kind vending machine, which is the sole one in Europe, is a witty and eccentric approach to convey this.”
MyNFT thinks that the present NFT sector has restrictions that prevent universal access to the technology. As a result, the notion of NFT vending machines comes within its main objective to reduce costs and allow multichain payment options, encompassing fiat and a number of other characteristics.