UK to Launch NFT at Finance Minister’s Request


article image

Yuri Molchan

UK Finance Minister has asked for a non-fungible token to be made and launched later this year

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Reuters has just reported that the finance minister of the U.K., Rishi Sunak, has asked the Royal Mint—the organization that mints coins owned by the British government—to issue a non-fungible token (NFT) and release 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 Feb. 13, U.Today reported that a rare NFT “alien” that belongs in the CryptoPunk collection was sold for a mind-blowing $23.7 million.

Source: https://u.today/uk-to-launch-nft-at-finance-ministers-request