We, French Web3 entrepreneurs, enthusiastically welcome the statements made by Mr. Bruno Lemaire, Minister of Economy, Finance and Industrial and Digital Sovereignty and Mr. Jean-Noël Barrot, Minister Delegate in charge of Digital Transition and Telecommunications, calling for "making Europe the world's leading economic zone in terms of structuring and organizing the crypto-asset market and France the European hub for this ecosystem." We share this ambition and are convinced that France can, indeed, play a major role in this Internet, new generation.
Behind the "crypto assets market" lies a crucial issue: digital sovereignty. That of our personal data and the data of our companies i.e. the digital sovereignty of France and Europe.
By using crypto assets, we can achieve independence from platforms and participate in the creation of an architecture where each user owns and controls their own data, and where a company cannot build a monopoly by acquiring all of the users' data or restricting their use outside of the company.
There is only one thing missing to transform the trial and take a decisive lead: putting these new technologies in the hands of the French and becoming the first country in the world to recognize the right to ownership of digital content. In a sector where competition is global and where innovations develop faster than regulations, we need agile and creative regulators and a responsive administration and legislator.
An abundant ecosystem
It is by creating a favorable environment, by having the most educated market to the uses that we will make France an attractive country at the world level. If some industries participate in familiarizing their customers, the State has the possibility to create the conditions for a much faster and massive adoption in the service of individual freedom.
NFTs can be used as a proof of ownership of any type of physical or digital content, whether it is a document, a driver's license, a car registration document, a diploma, a transport title, a work of art, a video game character. Used as digital passports for our digital identities and products, they will contribute to facilitate their reparability and circularity. Public power and regulation can contribute to accelerate this adoption.
France is fortunate to have a highly developed ecosystem of projects and experts, some of whom are already world leaders in their category. The luxury goods, fashion, cosmetics, and video game industries, to name a few, are beginning to appropriate Web3 technologies to take a major step forward in their digital transformation. French Web3 players are already world leaders who have penetrated the American market, which represents a radical new development for France in the digital world.
If France wants to stay at the forefront of this revolution, it can choose to be bold and use its public power to implement changes. Companies in this sector have already proven themselves to be attractive to private investors and do not require subsidies. What they need is an ambitious initiative that will benefit all citizens by making these technologies accessible in their daily lives.
For the first time in the history of digital transformation, we have the chance to take back control. Let's not miss this opportunity.