Jonny Fry / James Tylee of Digital Bytes by Team Blockchain on Cyber.FM 12th November 2021

James Tylee from CyberFM

Jonny Fry is joined by James Tylee to discuss this weeks Digital Bytes newsletter featuring special guests: Sean Kiernan CEO of Greengage and Big Innovation Centre’s Birgitte Andersen.

We discuss:

Some of the challenges facing NFTs as they grow in popularity - NFTs have captured many an investor’s attention with the volume of NFTs being traded rising exponentially. We look at some of the biggest NFT platforms and a new one focused on social media influencers, bearing in mind that NFTs face a number of potential regulatory challenges as well as the need to ensure that the seller of the NFT is the actual owner.

ETH gas prices climb again - transactions (gas) fees on the Ethereum Blockchain have increased by over 2,300% since June 2020 as the number of decentralised applications (daaps) and people using Ethereum continues to rise. However, as we see increasing calls for stablecoins, NFT exchanges and DeFi platforms to be regulated, what risk warnings or even restrictions will be implemented to draw attention to the wild swings in gas prices, or will the new Ethereum upgrade finally reduce and control the cost of gas?

The challenges of digital rights for digital assets - as our economies become ever more digitised, we face the increasing challenge of protecting our digital assets. Legislation was not built to accommodate the volume of the nature of digital assets - such as NFTs, posts on social media and even our spending habits and preferences, many of which the Silicon Valley giants have capitalised on so effectively. Technology can help but it, too, can have unintended consequences if the wrong information is stored on an immutable Blockchain and then cannot be amended to reflect the actual facts.

How is the UK blockchain landscape faring today in the post-Brexit, post-Covid world? - on the 3rd of November, a group of organisations launched the results of a major new mapping exercise to examine the current state of the industry. Greengage, Deep Knowledge Analytics and the Big Innovation Centre have published a landmark piece of research in partnership with the All-Party Parliamentary Group on Blockchain which gives a comprehensive overview of the state of the UK industry in 2021, including a mind map of the leading companies, investors, influencers, hubs and government agencies.

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