Her Majesty’s Treasury is engaged on a brand new form of mint: NFTs


It’s unclear what the precise plan for the Royal Mint NFT is. | Picture: Her Majesty’s Treasury

The UK’s treasury minister has tasked the Royal Mint with creating an NFT as “an emblem of the forward-looking strategy” Her Majesty’s Treasury says it’ll take towards cryptocurrencies and blockchains. The challenge was introduced in a speech by John Glen, the Financial Secretary to the Treasury, who stated at a summit that extra particulars on the mint’s mint can be coming “very quickly.”

Whereas international locations like Ukraine have issued NFTs earlier than, this specific announcement feels a bit totally different — for one, it’s coming from one of many highest ranges of the British authorities. It’s additionally imagined to be carried out by the entity in control of printing the nation’s cash.

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