NFT vending machines are making art more accessible today and helping people to realize that it can be easy, fun, and affordable, to get into the world of NFTs. There are different vending machines that have been constructed around the world and one recently unveiled in Europe which would be selling NFTs.
The recent machine that came to Europe was expected to be the first of its kind in the region and was going to make it easier for people to get NFTs, ranging from 10 and 100 pounds.
The machine in Europe comes thanks to MyNFT and people have already been using the machine to buy.
hundreds of NFTs sold from vending machine
Within the first few days they sold hundreds of NFTs, altogether they were able to raise thousands of dollars. The money was raised for a charity known as Giveth.
This isn't the first vending machine of its kind and likely isn't going to be the last. These vending machines help to increase access and awareness for NFTs and enable people to buy them easily.
trading spiked over 21000% for NFT market last year
Trading for NFTs has spiked drastically and reached a multi-billion market. It's reported that in 2021 it brought in over 17 billion. Some have suspected that we could see the NFT market reach some $80 billion within just a few years. Though the more expensive NFTs might capture a lot of attention there is a wide range of price points out there for the market overall and these machines help more people to realize that.
pics:
pixabay
This is not financial advice
sources:
https://www.linkedin.com/pulse/europes-first-nft-vending-machine-coming-london-next-week-potnis
https://www.bloomberg.com/news/articles/2022-11-03/europe-s-first-nft-vending-machine-gets-cold-london-reception
https://www.cnbc.com/2022/03/10/trading-in-nfts-spiked-21000percent-to-top-17-billion-in-2021-report.html