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Startup launches crypto-less NFT vending machine in New York City – ZDNet

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The machine accepts credit and debit cards before dispensing boxes with unique codes inside for NFTs.
Jonathan Greig is a journalist based in New York City.
A startup announced the opening of an NFT vending machine in New York City that allows anyone — even those without cryptocurrency — to buy NFTs. 

Located near Wall Street, the vending machine accepts credit and debit cards before dispensing a box with a unique code inside it for the NFT. Neon, the NFT and digital collection platform behind the effort, closed a $3 million seed round last month.
The code on the inside of the box can be redeemed on Neon’s platform without any need for cryptocurrency or a cryptowallet. The vending machine is open 24-hours a day. 
Neon co-founder Jordan Birnholz told ZDNet that currently, the vending machines sell “Colors” for $5.99 and “Party Pigeons” for $420.69. The “Party Pigeons” collection was created by an artist named Typfy specifically for Neon. Project Color allows users to randomly select a color that can be bought, sold or traded to create a collage.
“Right now, they can only be purchased on Neon, but you can transfer them into any Solana wallet including Phantom, and they can be resold anywhere,” Birnholz explained.
“There are no fees or requirements to use Neon. There’s literally no simpler way to buy something than a vending machine. We wanted to show people how powerful and easy it can be to support digital artists, and to demystify the process of getting an NFT. In the future, Neon plans to feature more artists who have signed up with neonapp.com in our real world NFT ATM.”
The founders of Neon said they chose the Solana blockchain because it’s the most energy-efficient and has a theoretical throughput of 65,000 transactions a second with near zero fees. All of Neon’s transactions are carbon neutral thanks to offsets purchased by the Solana Foundation, according to Birnholtz.
“We wanted to embrace a blockchain that’s fast, green and meets demand at global scale. Our goal is to support artists and creators by letting them sell digital art to everyone, and to help anyone who wants to become a collector. Giving people the choice to use vending machines and an easy online platform that decouples cryptocurrency from NFT participation means we can engage the widest possible audience. NFT buying and selling doesn’t need to be a mystery and you shouldn’t be required to hold Ethereum, write a smart contract, pay gas costs or bridge blockchains to participate,” Birnholtz said. 
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“While only 2% of Americans have digital wallets, 80% have a credit card or debit card. That’s a 40-fold increase in an artist’s potential audience. We want to empower creators and digital artists whose work has often been undervalued because it’s not tangible in a traditional sense. We make selling digital art even simpler than selling physical art. If creators want to make NFTs based on their existing content or based on new material, we want them on Neon.”
NFTs have become massively popular in recent years, with data showing that platforms like OpenSea had more than $4.95 billion of Ethereum trading volume in January. 
Neon is backed by the Digital Currency Group, Entrée Capital and General Catalyst. 
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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
Related: Bitcoin better than physical property for regular folks, says Michael Saylor
Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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