"I think it's a question of demand," Hunt said."I think we always want to be at the cutting edge in the U.K., in terms of new technology, but the world has changed significantly since then and we're not convinced that the demand is going to be there in the same way."
The NFT space, which attracted a good deal of celebrity participation and endorsements alongside much media attention, peaked in January 2022 with $5 billion in global sales on some days, according to blockchain data trackerThe U.K. government to this point has publicly been undeterred by the crypto winter,
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