The UK is canceling its NFT project. The UK Treasury is playing loose with its plans for web3.  The UK’s economic secretary cited the increasing uncertainty in the cryptocurrency market.

Many thought the appointment of a crypto-friendly Prime Minister would propel web3 adoption in the United Kingdom. However, despite announcing to become a global crypto hub, the UK is rolling back on its promises by shelving its web3 initiatives, including its government-backed NFT project.

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Adoption, Europe, Market News, NFTs, zz_index, zz_popular, zz_top, ZZZ Editors’ Picks, United KingdomRead More

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