SPONSORED POST*
On March 28 the UK government decided to cancel its plans to create a non-fungible token (NFT) that would have been sold through the Royal Mint as digital art. The decision came less than a year after initially being announced in April 2022. Little to no work had been done regarding the development of the blockchain technology on which the NFT would have been hosted.
This information was confirmed by Andre Griffity – “In consultation with HM Treasury, the Royal Mint is not proceeding with the launch of a non-fungible token at this time but will keep this proposal under review.”
Summary
Crypto Fear-Induced Decision Making
This is quite unfortunate given that the intellectual property would have most likely been the first of a slew of crypto collectibles to be minted by the Royal Mint if they had been successful. NFTs are often interlinked with artistic ownership and we all know that the value of art can exponentially increase due to its rarity.
The cancellation of the NFT most likely was influenced by recent crypto-related negative news and press which started when FTX, Celsius, and Genesis filed for bankruptcy in 2022. In 2023 Silvergate Bank filed for bankruptcy, which when combined with the recent news of Binance being sued, may have pushed the treasury to cancel the commissioned NFT.
Perhaps the decision to scrap the NFT was not induced by fear; instead it may have been canceled since no real work was done on the project – which if true would constitute fraud that would have implications of its own.
Fear-free Crypto?
Most things in life are never free even when you are told that they are free, this includes fat-free doughnuts. In today’s world of crypto, it can be hard to decipher what is and isn’t worth your time, research, and investment.
The only two true cryptocurrencies worth considering are Bitcoin (BTC) and Ethereum (ETH) however these investments can be quite expensive considering their value. They can also be risky as well, even though BTC is recovering and holding stable for the time being. Standard Charted Bank has predicted that the valuation of the currency may fall as low as $5000 which is wild considering the current valuation of almost $28,000.
Most reasonably priced crypto can be found in the form of altcoin or more specifically meme coins. Most new cryptocurrencies have presales that are evaluated at a specific fixed price which slowly increases with each round of presales. The problem with these presales is that there is no methodology to confirm the real-world valuation until the crypto goes live.
Fearless Crypto!
Signuptoken.com differentiates itself from other cryptocurrencies by having no presales and only a simple requirement. All one must do to reap the benefits of signuptoken.com is to validate their email address upon submission.
Signuptoken.com’s only requirement is that it must have 1 million email subscribers. Once the target has been achieved, all subscribers will be notified and informed of the crypto going live. This early notification will allow subscribers to take early actions as compared to everyone else; essentially granting them an edge that others do not have.
There is absolutely no risk in providing your email address for an invitation to the millionaire club, unlike the risk involved with presales and more established cryptos such as Bitcoin. Think for a moment how many emails have piled up in your inbox over the course of a week and how many go unread. The email from signuptoken.com should be whitelisted to prevent it from being sent to the spam or the junk folder as you wouldn’t want to miss out.
For more information:
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken
*This article was paid for. Cryptonomist did not write the article or test the platform.
