As part of a new non-fungible token (NFT) development, the Solana-based NFT Marketplace has extended the NFT ATM in New York City’s financial district, giving people an all-too-familiar way to purchase NFTs.
In an interview with Cointelegraph, Neon co-founder and CEO Jordan Bernholtz shared the story of how NFT ATMs came about. According to Bernholtz, the idea came while the team members were having lunch.
Bernholtz himself is in growth marketing, and his business partner, Kyle Zabitel, is a former Xbox Mobile games engineer who is “passionate about using software to make games that are fun and accessible,” he explained. But the idea for the NFT ATM came up last fall during a lunch with team coach Drew Levine.
NFT ATMs operate very similarly to traditional ATMs. You can purchase NFT through the device using a credit or debit card. He will distribute chests with unique codes that you can redeem on the Neon platform. As with Easter eggs, buyers won’t know what NFT they’ll get until they buy it.
User Drifter1117 shared his experience and some photos from NFT ATM on Twitter:
Neon’s marketing manager explained that they chose the Solana blockchain for their market because it’s cheap. “We believe Solana is the best network to develop because it is inexpensive to run, opens up more opportunities for more authors, and is carbon neutral.”
He also indicated that they plan to bring more artists to their platform and open more NFT ATMs in different cities. “NFTs will enable a diverse group of visual, multimedia and performance artists to create new ways to build relationships with and earn money from audiences,” says Bernholtz.
“I think this is part of a larger trend that is merging coding technology with a focus on supporting creators more directly than what we see in Substack and Patreon. We are excited about the explosion of NFT opportunities in the coming years.”
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Meanwhile, despite recent downturns in the cryptocurrency market, NFT sales continue to rise. According to the latest reports, NFT trading volume in the last quarter of 2021 was $11.9 billion. The rise is in line with recent reports of Chinese interest in NFTs and their disconnection from cryptocurrencies.
