NFTs News

First NFT ATM Debuts In Europe

An ATM that works with the printing of NFTs emerged in the European community during an event held in London, the capital of the United Kingdom. The piece was installed in front of the NFT.NYC event, which began on November 3.

Europe’s first NFT vending machine in London. Source: Tanzeel Akhtar/Bloomberg

In the English capital, the community met to discuss NFTs and innovations that can be carried out with non-fungible tokens.

According to information from Bloomberg, the NFT ATM from the company myNFT was installed to make it more accessible for investors to access digital collectibles.

The machine allows shoppers to pay 10 euros for their purchases, then receive an envelope. One of the people to test the machine was the Brazilian Bellina Caetano, who registered her first ATM mint on her Twitter.

The project also stated that it would allocate the amount raised from the first sales to charity after its presentation at the popular event.

In conversation with the report that covered the launch of the novelty, the co-founder of the ATM, Hugo McDonaugh said that the machine could make NFTs more accessible to everyone worldwide.

By eliminating barriers to entry, the solution hopes that the potential of NFTs will be known to more people, especially those who are prevented from engaging with the technology by complications created by the market.

First NFT ATM Debuts In Europe 3

It is noteworthy that the NFTs sold by the machine are multichain and can be stored on networks such as Ethereum, Polygon, BNB Chain, and others. After the event, however, the machine still does not have a defined destination to be installed.

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Harold

CoinCu New

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.