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plans for mint nft dropped by Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

Will a 'NFT' be a government backed non-fungible token?

Plans for a government backed non-fungible token (NFT) produced by the Royal Mint have been dropped, the Treasury has announced. Rishi Sunak ordered the creation of a "NFT for Britain" that could be traded online, while chancellor in April 2022.

Will the UK create its own NFTS?

The U.K. has shelved plans to create its own government-backed NFTs. The U.K. government first announced plans to create its own NFTs, produced by the Royal Mint, in April 2022. At the time, the plans were enthusiastically backed by the then chancellor, Rishi Sunak, who has since gone on to become prime minister.

Will the Royal Mint launch a new NFT?

The Royal Mint announced it was "not proceeding with the launch" following a consultation with the Treasury. Economic Secretary Andrew Griffiths said the department would keep the proposal "under review". What are NFTs and why are some worth millions?

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