During 2021, the interest in non-fungible tokens (NFTs) surged; ‘NFT’ even became the Collins word of the year with its use surging over 11,000 percent. Whilst NFTs were not new, the sale of “Everydays: The First 5000 Days” at Christie’s auction house by the artist known as Beeple for US$69 million grabbed the attention of the artworld, media and investors alike.
In April 2022 the UK government was keen to show its crypto credentials to make the UK a global cryptoasset...