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  • Writer's pictureMichael Paulyn

In The News: England's Treasury Working on Minting Own "Royal" NFTs

Updated: Nov 1, 2022

The future should be enjoyable as governments worldwide begin showing a nod of acceptance of cryptocurrencies and blockchain technologies. As of April 4, 2022, the Royal Mint of England revealed that the UK's treasury minister is in the early stages of minting their own NFTs. The English government says this project would be "an emblem of the forward-looking approach."

John Glen, the Economic Secretary to the Treasury, unveiled the new royal NFT project, but other than that, it was tight-lipped, only stating there was more to come. Although this isn't something entirely new (Ukraine issued its own unique NFTs), what's different is that this seems to be the first step toward a perhaps long-term acceptance of NFTs.

But what is certain is that these new "Royal" NFTs will be alongside some of the greats in the world of non-fungible tokens, like Taco Bell. With so many questions about what the NFTs look like, if they'll be collectible, and so much more, it seems inevitable that this is a genuine move towards being legitimate.

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