As a new development in the sphere, Solana-powered NFT marketplace Neon reportedly completed the deployment of an NFT ATM in the financial district of New York, enabling token acquisition in a familiar manner. 

Specifically, Jordan Birnholtz, co-founder and chief marketing officer of Neon, reportedly disclosed details related to the story of the way the NFT ATM took shape – popped up during a lunch meeting with his team members. 

Birnholtz reportedly works as a growth marketer, while his business partner Kyle Zappitell used to be a Xbox Mobile gaming engineer “who is passionate about using software to create fun and accessible experiences”. 

Nonetheless, the concept of an NFT ATM was pitched during a lunch with the team’s intern Drew Levine in fall last year.

The NFT ATM reportedly functions in a similar sense compared to traditional ATMs, supporting the acquisition of NFTs via the machine, with the assistance of a credit or debit card. it will dispense boxes that carry unique codes, redeemable via Neon’s platform.

Bearing similarities to Easter egg capsules, purchasers are reportedly not aware of what NFT they’re getting until the redeem process is completed.

Birnholtz offered further explanations that the firm selected the Solana blockchain for its marketplace due to the low price it requires. 

“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.”

Birnholtz additionally shared his firm’s plan to attract more and more artists to its platform, as well as deploying extra NFT ATMs in different urban areas. 

“I 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.”