Art Works: Non-fungible Tokens

(asked on 11th December 2023) - View Source

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.


Answered by
John Whittingdale Portrait
John Whittingdale
This question was answered on 14th December 2023

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.

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