Officials have seized three Non-Fungible Tokens (NFTs), in what is thought to be the first law enforcement action in the UK involving the digital assets.

Her Majesty's Revenue and Customs - HMRC - announced that three people had been arrested on suspicion of a £1.4 m VAT repayment fraud involving 250 fake companies.

Sky's Technology Reporter Geoff White takes a closer look at what makes NFTs so attractive.

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