Former Xbox Mobile Engineer and Business Partner Deploy NFT ATMs

Key Insights:

• The idea for NFT ATMs was to make NFT adoption mainstream.
• To set up the NFT marketplaces, Solana was chosen for its inexpensiveness.
• More NFT ATMs would be deployed beyond New York.

 

In an interview with Cointelegraph, Jordan Birnholtz, CMO of Neon and former Xbox Mobile gaming Engineer Kyle Zappitell, spoke about the idea behind their NFT ATM.

Similar to how traditional ATMs work, this NFT ATM also allows a person to buy an NFT using fiat directly.

New York Gets Solana NFTs

The idea of creating such an experience came to the developers over lunch and decided to go ahead with it.

Anyone with access to a simple debit or credit card could go up to an NFT ATM. Upon completing the transaction, boxes containing unique codes would be dispensed, which can then be redeemed on Neon’s platform.

However, the biggest motivator, in this case, is the element of surprise, as a user would not know what NFTs they would receive.

The team further explained that they chose the Solana blockchain to facilitate the NFT marketplace. Adding to the same, Jordan Birnholtz said,

“We 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.”

Furthermore, Jordan stated that they plan on expanding these NFT ATMs to other cities as well. At the same time, more artists would be onboarded as well. On the prospect of what the future holds for NFTs, Jordain iterated,

“NFTs are going to let a variety of visual, multimedia, and performing artists create new ways to build relationships with and monetize their audience,”

NFTs demand falls

While Solana is a better choice for being cheap, NFTs performance on the chain hasn’t been particularly alluring.

Daily NFT transactions on the NFT marketplaces seem to have dropped significantly in the last two weeks. The fall is led by the biggest Solana NFT marketplace MagicEden where sales plunged from 180k to 3.7k today.

But NFTs are a growing industry, and the recent collaborations with mainstream faces would propagate it to even higher popularity soon.