UK to launch NFT at request of Finance Minister
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.
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.