The UK Finance Minister has called for a non-fungible token to be created and launched later this year
Disclaimer: The opinion expressed herein is not investment advice; it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and trade involves risk, so you should always do your own research before making any decisions. We advise against investing money that you cannot afford to lose.
Reuters just announced that UK Finance Minister Rishi Sunak has asked the Royal Mint – the organization that mints coins owned by the UK government – to issue a non-fungible token (NFT) and publish it this summer.
THE UK’S DEPARTMENT OF FINANCE SAYS THE CHANCELLOR HAS REQUESTED THE ROYAL UK MINT TO CREATE AN NFT, TO BE ISSUED BY SUMMER.
— *Walter Bloomberg (@DeItaone) April 4, 2022
According to the source, this is part of Sunak’s new approach focused on crypto assets. NFT is a digital token with a single copy on a blockchain. These tokens have become a hot trend recently, selling for massive sums in Ethereum on platforms like OpenSea.
On February 13, U.Today reported that a rare NFT “alien” belonging to the CryptoPunk collection was sold for a staggering $23.7 million.
Comments are closed.