UK PM Rishi Sunak had requested the Royal Mint to develop the NFT as a way to boost the UK's standing in the global crypto-asset technology and investment space
The United Kingdom has decided not to proceed with the creation of a government-backed "NFT for Britain," which was first proposed by the pro-crypto Prime Minister Rishi Sunak.
During his tenure as the Chancellor of the Exchequer, Sunak had requested the Royal Mint to develop the NFT in April 2022, as a way to boost the UK's standing in the global crypto-asset technology and investment space.