Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Culture, Media and Sport, what assessment she has made of the implications for her policies of the incorporation of Non-Fungible Tokens into digital artworks to confirm their authenticity.
Although DCMS has not made a specific assessment of Non-Fungible Tokens (NFTs), HMT looked at NFTs as part of its consultation on cryptoassets. Developments like NFTs may provide new opportunities, as well as challenges, and we are aware of private sector services offering NFT-based authentication for digital art.