The Digital, Culture, Media and Sport Committee of the UK House of Commons is to question experts on the uses of non-fungible tokens (NFTs) and blockchain technology. This is the first session of the Committee’s inquiry into the operation, risks and benefits of NFTs and the wider blockchain.

In the first panel, scheduled for Tuesday April 18^th, MPs will explore the uses of NFTs in the creative industries. Questions could focus on their promised benefits and popularity, the role of NFT marketplaces, and blockchain’s application in the traditional art market. Witnesses may also be asked about intellectual property rights and smart contracts, as well as ‘safe harbour’ protections on NFT marketplaces.

In the second panel, MPs will hear about the use of NFTs in sport. Questions will likely focus on the prevalence of sport-related NFTs, professional sports’ primary motivations for their use and the potential issues that may arise. MPs may also ask about whether this NFT use complies with advertising regulations and the growing prevalence of crypto sponsorship and ads at sporting events.

Other posts by Colin Mann:

1. Analysis: SVoDs drive $220bn content spend
2. A TikToking clock heading towards regeneration – or not?
3. European pay-radio: Getting ready

Categories: Articles, Business, CA/DRM, Content, Policy, Production, Regulation

Tags: blockchain, DCMS, nft, Non-Fungible Tokens