This week the u.K. Treasury asked the royal mint to create its first ever non fungible token, or nft. The initiative pushed by embattled chancellor rishi suna has been met with excitement and a fair amount of derision. We're going back to 20 18, when crypto currencies were an even newer part of the global financial picture,. When we held the debate, block chain, quantum leap forward or digital snake oil? It's a question the u.Cs chancellor might soon need to answer.
Blockchain technology has gone mainstream. It earns huge amounts of column inches and airtime. Stories abound of Bitcoin millionaires and multimillion-dollar ICOs (Initial Coin Offerings). New cryptocurrencies are launched every week. People who don’t entirely understand what they’re buying are rushing to purchase Bitcoin for fear of missing out, and recently the UK's Royal Mint announced its first ever blockchain-based non-fungible token, an NFT. Back in 2018, Intelligence Squared gathered crypto specialists to debate whether blockchain technology has a legitimate future or not, including Jamie Bartlett, author and analyst on the politics of the internet, blockchain expert Primavera De Filippi, Vit Jedlička, President of the micronation Liberland, and crypto journalist David Gerard. The host for this discussion was journalist, author and former BBC News Editorial Director, Kamal Ahmed.
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