The Evening Standard says: May 5th To commemorate the coronation of King Charles, we are releasing a series of free, non-fungible tokens (NFTs).
NFT Features Animated St. Edward’s Crown
Collectible NFT includes an animated copy of “The Oath” by Trevor Jones. The painting features the crown of St. He Edward, the centerpiece of the English Crown His Jewel.
Non-fungible tokens are currently Nifty Gateway MarketplaceIt is unclear if users are required to pay a transaction fee to receive the items, but users only need to provide an email address to register and collect the items.
NFT is an “open edition”. In other words, there is no limit to the number of NFTs you can create. As of May 5th at 11:30pm UTC, the user has issued 9,200 copies of her NFT.
There is no limit to the number of NFTs issued, but there is a time limit. A user can only create tokens from Thursday, May 4th until he Sunday, May 7th.
The event represents a move to crypto from a major UK company. The Evening Standard was his fourth largest daily newspaper in the UK by circulation in 2020, after The Metro, The Sun and The Daily Mail. In January 2023, over 314,000 articles were distributed per day.
UK Crypto State
The UK government has previously announced its intention to make the country a “cryptocurrency hub” in April 2022. This initially included plans for the Royal Mint to issue its own NFTs, but those plans were eventually dropped by him in March 2023.
The UK recently announced plans to create a post-Brexit crypto regulation and is now subject to heavy regulation by the Financial Conduct Authority (FCA). The FCA recently cracked down on unregistered cryptocurrency ATMs and non-compliant advertising, and even targeted certain cryptocurrency companies such as Binance.
Statista suggests that the UK crypto industry could generate $1.89 billion in revenue in 2023.
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