Chancellor looks to take the state into the world of digital assets. Here's what that means.
Supporters view NFTs as the next phase in art collection, and they have exploded in popularity in recent years – with NFT artworks selling for millions of dollars.Physical works of art and other rare memorabilia have long been sold for large sums of money but if you create something digitally it is hard to make gains.
Of course, this does not stop the image being easily copied by anyone online, but an NFT provides someone the honour of knowing they “own” the original image. Digital art has seen some of the most high-profile sales, while in sport, fans can collect and trade NFTs relating to a particular player or team.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rishi Sunak asks Royal Mint to create NFTTreasury wants to show Britain is at cutting edge for new technologies with cryptoasset launch by summer
Read more »
Rishi Sunak asks Royal Mint to create NFTTreasury wants to show Britain is at cutting edge for new technologies with cryptoasset launch by summer
Read more »
Rishi Sunak’s popularity plummets among Tory faithful, survey showsBoris Johnson ratings climb, as Ben Wallace emerges most popular cabinet minister
Read more »
Quarter of bus routes axed in England in last decadeCampaigners say Rishi Sunak gave tax break to car users but has not helped public transport users
Read more »
Quarter of bus routes axed in England in last decadeCampaigners say Rishi Sunak gave tax break to car users but has not helped public transport users
Read more »