Today the DCMS Committee held its first evidence session in our NFTs and the Blockchain inquiry. The session was split into two panels. In the first panel we heard from Emily Gould (Assistant Director, Institute of Art and Law), Angus Scott (Chief Executive, Artclear Ltd), and Reema Selhi (Head of Policy and International, Design and Artists Copyright Society). In the second panel we heard from Joey D’Urso (Investigations Writer, The Athletic) and Kieran Maguire (Senior Teacher in Accountancy, University of Liverpool).
The evidence session explored topical use cases and issues in the creative industries and professional sports. The session may prompt a short Report summarising the Committee’s perspectives in the issues and shape Government strategy in this area.
Questions touched upon different aspects of NFTs and the Blockchain, including whether NFTs create scarcity and uniqueness in digital art and whether the Government should remove “safe harbour” protections on NFT marketplaces.
You can watch the full session here.