Cryptoknowmics
2022-02-10 19:00:15

How did London Become a Crypto Art Capital?

The surge of digital coins and acceptance of non-fungible tokens (NFTs) has overwhelmed the global market in 2021. No doubt, the hype continues. People’s purchasing policies/practices continue to shift online and, in this aspect, London is seen to take the leading role. The outburst of interest towards crypto assets is seen as one of the most intelligent disruptions in this pandemic. Today, a huge number of people are excited to adopt digital tokens on the blockchain. Crypto art has become popular not only as an asset class but also as a global cultural mania. Last year, most of the large nations witnessed a boom in cryptocurrencies. Reverberation in the crypto space is still so strong that people are accepting the digital frame as their default experience. Non-fungible tokens are also known as NFTs. NFTs are the digital collectibles that have emerged due to this acceptance. London has a history of rebutting from the British Money – Sterling. This can be said because recently, London had launched its activist-led Brixton Pound and East London Pound. These Pounds are examples of local currency marketed. Conceivably, the fact that London is ranked as the sixth top capital in the list of Bitcoin-friendly cities shouldn’t appear shocking. The world has already become digital and London has been at the forefront of digitization. New York or Silicon Valley stands as the base for maximum NFT marketplaces where exchange and trade occu...

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