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.
UK FINANCE MINISTRY SAYS CHANCELLOR HAS ASKED UK ROYAL MINT TO CREATE AN NFT, TO BE ISSUED BY THE 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.
UK'S FINANCE MINISTER SUNAK: IT IS MY AMBITION TO MAKE THE UK A GLOBAL HUB FOR CRYPTOASSET TECHNOLOGY.— Breaking News | FinancialJuice (@Financialjuice1) April 4, 2022
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.