- by foxnews
- 15 Nov 2024
The UK government has dropped its plans to produce a non-fungible token for sale through the Royal Mint, just under a year after it first announced the project.
There is little to show for almost 12 months of work. The Mint did not produce a visualisation of what the proposed non-fungible token would look like, or any technical explanation of how it would work, what it would offer users, and what blockchain infrastructure it would be built on.
Since then, a slow-motion crisis has embroiled the sector, with FTX, Celsius, Voyager and Genesis filing for bankruptcy alongside crypto-focused banks Silvergate and Signature and Binance, the leading crypto exchange, facing an investigation from US regulators.
A passenger paid for a first-class ticket on an American Airlines flight, but the seat in front of him trapped him in his chair, which led to the airline posting a public apology on X.
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