Reaction as Sunak orders Royal Mint to jump on NFT bandwagon

  • Rishi Sunak has attracted ridicule after the Royal Mint announced it had been tasked with creating its own NFT. Non-fungible tokens are a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded.
  • Types of NFT data units may be associated with digital files such as photos, videos, and audio.
  • The move was soon criticised as a gimmick at a time when Sunak is facing pressure over his handling of the cost-of-living crisis and his wife’s stake in the technology company Infosys.