Treasury confirms commitment to NFT despite crypto winter
The Treasury has confirmed it remains committed to creating a government-backed non-fungible token (NFT) in order to fuel an influx of crypto-based business to the UK.The UK NFT is set to be a form of collectable digital artwork, with the Royal Mint increasing its range of collectable products.
Emily Wigoder, CEO of Ad Astra, commented: ‘The U.K. Treasury’s decision to push forward with a Royal Mint NFT reflects the key point underlying continued enthusiasm for the NFT space despite the crypto crash: the utilities that are exciting within the NFT technology have not gone anywhere.From integrating time zones and seasons into artwork through NFTs, to an ability to create art that builds identifiable and engageable communities, the opportunities for artists, galleries, brands, and governments are still vast and ready to be explored.
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https://t.me/NFTs_Metaverse_Coins
