UK to Launch NFT at Finance Minister’s Request

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

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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.

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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.

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