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Tech Policy Unit Horizon Scanner - November 2021

Like you, all we want for Christmas is a tungsten metal cube NFT to keep us warm.
This month, Midwest Tungsten Service, a metal manufacturer based in the US, sold an NFT which represents a 2,000-pound (907 KG) tungsten cube for around USD 250,000. Once every year, the lucky owner has the right to visit and touch the cube. Beats putting it under the Christmas tree, and better for storage, so numerous upsides. ....

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Tech Policy Unit Horizon Scanner

Tech Policy Unit Horizon Scanner - July 2021
13 July 2021
It s hard to put a price on the Internet. Sure, you could start by valuing all the tech giants, but it s less clear where you end: almost the entire modern economy depends upon the Internet s proper functioning. So when the Internet source code sold for only $5.4 million last month at a Sotheby s auction, was it the bargain of the century?
Of course, Sotheby s didn t sell off any infrastructure underpinning the functioning of the Internet. They sold a non-fungible token (NFT) representing the World Wide Web source code, alongside an assortment of other digital items created by Tim Berners-Lee. What sale and ownership means in the context of NFTs can take a little unpacking, just as it depends upon the jurisdiction you re dealing with. Our global piece on NFTs below will help you get to the answers. ....

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