UK to launch NFT at request of Finance Minister

Youri Molchan

The UK Finance Minister has called for a non-fungible token to be created and launched later this year

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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.

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.

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