{"id":4899,"date":"2022-02-28T06:37:38","date_gmt":"2022-02-28T05:37:38","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/02\/28\/what-did-i-just-buy-i-tried-to-use-new-yorks-first-nft-vending-machine\/"},"modified":"2022-02-28T06:37:38","modified_gmt":"2022-02-28T05:37:38","slug":"what-did-i-just-buy-i-tried-to-use-new-yorks-first-nft-vending-machine","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/02\/28\/what-did-i-just-buy-i-tried-to-use-new-yorks-first-nft-vending-machine\/","title":{"rendered":"What did I just buy? I tried to use New York\u2019s first NFT vending machine"},"content":{"rendered":"

Could buying an NFT the way one buys a bag of Cheetos demystify the process?<\/p>\n

It\u2019s easy to miss the storefront that is home to the \u201cworld\u2019s first NFT vending machine\u201d in Manhattan\u2019s Financial District. Squished between a sandwich shop and a tailor, the windows are bathed in pink neon light, with glowing letters that announce \u201cNFT ATM.\u201d When you walk through the entryway, you enter a tiny booth with the vending machine, filled with rows of little paper cartons, looking almost like cigarette packs. There are only two products: a \u201ccolor\u201d for $5.99 and a \u201cparty pigeon\u201d for $420.69.<\/p>\n

I was here to spend some of the Guardian\u2019s money on an NFT, or non-fungible token. NFTs are based on a blockchain feature called the \u201csmart contract,\u201d which is kind of like a virtual vending machine. Send some of your crypto to a smart contract, and it\u2019ll print a unique token \u2013 basically a digital receipt \u2013 that says you now own this cat pic. Anyone else can still right-click-save and share Mr. Whiskers, but you\u2019ll know, and anyone else looking at the blockchain will know, that the image is yours. Or so the logic goes.<\/p>\n

Continue reading…<\/a>
\nCould buying an NFT the way one buys a bag of Cheetos demystify the process?
\nIt\u2019s easy to miss the storefront that is home to the \u201cworld\u2019s first NFT vending machine\u201d in Manhattan\u2019s Financial District. Squished between a sandwich shop and a tailor, the windows are bathed in pink neon light, with glowing letters that announce \u201cNFT ATM.\u201d When you walk through the entryway, you enter a tiny booth with the vending machine, filled with rows of little paper cartons, looking almost like cigarette packs. There are only two products: a \u201ccolor\u201d for $5.99 and a \u201cparty pigeon\u201d for $420.69.
\nI was here to spend some of the Guardian\u2019s money on an NFT, or non-fungible token. NFTs are based on a blockchain feature called the \u201csmart contract,\u201d which is kind of like a virtual vending machine. Send some of your crypto to a smart contract, and it\u2019ll print a unique token \u2013 basically a digital receipt \u2013 that says you now own this cat pic. Anyone else can still right-click-save and share Mr. Whiskers, but you\u2019ll know, and anyone else looking at the blockchain will know, that the image is yours. Or so the logic goes. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Could buying an NFT the way one buys a bag of Cheetos demystify the process? It\u2019s easy to miss the storefront that is home to the \u201cworld\u2019s first NFT vending machine\u201d in Manhattan\u2019s Financial District. Squished between a sandwich shop and a tailor, the windows are bathed in pink neon light, with glowing letters that …<\/p>\n

What did I just buy? I tried to use New York\u2019s first NFT vending machine<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":4900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4899"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=4899"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/4900"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=4899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=4899"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=4899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}