{"id":8924,"date":"2022-03-02T09:25:18","date_gmt":"2022-03-02T09:25:18","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/from-lunch-to-solana-heres-the-story-of-the-nft-atm-in-new-york\/"},"modified":"2022-03-02T09:25:20","modified_gmt":"2022-03-02T09:25:20","slug":"from-lunch-to-solana-heres-the-story-of-the-nft-atm-in-new-york","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/from-lunch-to-solana-heres-the-story-of-the-nft-atm-in-new-york\/","title":{"rendered":"From lunch to Solana: Here\u2019s the story of the NFT ATM in New York"},"content":{"rendered":"

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In a new twist for nonfungible tokens (NFTs), Solana-based NFT marketplace Neon deployed an NFT ATM in the financial district of New York, giving people a very familiar way to acquire NFTs.<\/p>\n

In an interview with Cointelegraph, the Co-founder and CMO of Neon, Jordan Birnholtz shared the story of how the NFT ATM came to life. According to Birnholtz, the idea came as their team members were having lunch.<\/p>\n

Birnholtz himself is a growth marketer, and his business partner Kyle Zappitell is a former Xbox Mobile gaming engineer “who is passionate about using software to create fun and accessible experiences,” he explained. But the idea of an NFT ATM was pitched over lunch with the team’s intern Drew Levine last fall.<\/p>\n

The NFT ATM works very similarly to traditional ATMs machines. You can purchase NFTs through the machine with your credit or debit card. It will dispense boxes that contain unique codes that you can redeem through Neon\u2019s platform. Much like Easter Egg capsules, buyers will not know what NFT they\u2019re getting until they redeem it.<\/p>\n

User Drifter1117 shared his experience and some photos of the NFT ATM on Twitter:\u00a0<\/p>\n

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#NFT<\/a> ATM in #NYC<\/a> wow!!! Make sure you #crypto<\/a> folk check out @neon_gallery<\/a> when you are in the city. This concept is epic and I can’t wait to see what is next. I just picked up three “Project Color” #NFTs<\/a> and soon hopefully a “Party Pigeon” . I love this! pic.twitter.com\/vUVXasmvmf<\/a><\/p>\n

\u2014 DRIFTER (@DRIFTER1117) February 28, 2022<\/a><\/p><\/blockquote>\n

The Neon CMO explained that they picked the Solana blockchain for their marketplace because it was inexpensive. \u201cWe think Solana is the best chain to build on because it is inexpensive to use, opening up huge opportunities for more creators, and carbon neutral.\u201d<\/p>\n

He also noted that they are planning to bring more artists to their platform and open more NFT ATMs in different cities. \u201cNFTs are going to let a variety of visual, multimedia, and performing artists create new ways to build relationships with and monetize their audience,\u201d says Birnholtz.<\/p>\n

\u201cI think this is part of a broader trend that is merging crypto techniques with the focus on supporting creators more directly we see at Substack and Patreon. We’re excited for the explosion in NFT opportunities in the coming years.\u201d<\/p><\/blockquote>\n

Related: <\/em><\/strong>Nifty News: Snoop Dogg and Gary V have $95M in NFTs, Dolly Parton\u2019s Dollyverse and more\u2026<\/em><\/strong><\/p>\n

Meanwhile, despite the recent crypto market dips, NFT sales continue to grow. According to recent reports, NFT trading generated $11.9 billion in the last quarter of 2021. The growth corresponds with recent reports of China taking an interest in NFTs and separating it from crypto.<\/p>\n<\/div>\n