After Bruno Le Maire earlier this week, it is Jean-Noël Barrot’s turn to announce the French government’s commitment to the blockchain industry. Indeed, the deputy minister in charge of the digital transition has announced that public funds will be used to support the non-fungible tokens (NFTs) industry.
The French government plans to support the ecosystem of NFTs
Jean-Noël Barrot spoke at the opening of NFT Factory, a space dedicated to non-replaceable tokens in Paris. The minister-deputy for the digital transition has issued a letter of intent: France wants to open up to blockchain technologies:
” France wants to take over the web3, which will revolutionize the Internet and its use. »
Noting that the country intended to reconnect with ” the open and decentralized spirit of its origin”, Jean-Noël Barrot confirms that the government intends to develop close ties with local players. In particular, the minister’s deputy points to three key blockchain applications that will be supported: lcryptocurrencies, decentralized finance (DeFi), as well as NFTs.
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A European and global hub for NFTs
Jean-Noël Barrot points the finger of the ” to care “ regarding DeFi and NFTs. He says he is aware of the latter’s interests in terms of carbon footprint. In addition, he points out that the use of non-fungible tokens is not yet very clear.
But according to the minister’s deputy, France must now position itself to take advantage of these technologies:
“France has all the assets be a European and likely global hub for NFTs. »
Indeed, France is historically strong in areas where NFTs have exploded: culture, video games and the luxury industry in particular. So it’s about building a bridge with existing global and technology players, according to the delegated minister:
“Guide this movement is the responsibility of the government […] with support from public money. »
In particular, this concerns a European metaverse, which was already mentioned by Emmanuel Macron at the beginning of this year. But of course also by a more comprehensive regulatory framework for NFTswhose status is being clarified worldwide.
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The French government is opening up to the blockchain
In any case, this declaration of intent is particularly remarkable for the ecosystem. Especially since at the beginning of the week the Economy Minister Bruno Le Maire confirmed that he wanted France to become ” the European crypto asset hub ».
These joint statements therefore highlight: an important change of course for the government. Historically quite hesitant on blockchain, it seems that it has decided to support this major technological change while being highly regulated.
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Marine Debelloir
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