Agostino Capponi (Columbia University) hosts a CBER Symposium on the topic of Non-Fungible Tokens (NFTs).
The Symposium will include presentations from the following speakers:
Nitin Gaur (Director, IBM Financial Sciences and Digital Assets)
Presentation Overview: Asset classes resulting from DeFi protocols and NFTs avail themselves of the advantages of fractional ownership of the assets, blurring the lines between asset classes and using constructs like digital wallets as a receptacle for them. This is all supported by underlying layers of Web 3.0 that provide security and availability via decentralization, as well as trust and immutability via consensus, extending these principles to basic computer infrastructure like storage and interconnect. Commercialization of Web 3.0 protocols, which manifest as fungible utility tokens, further blurs the lines with diverse financial innovation products introduced by DeFi (such as base assets and derivatives), products that are also tokenized. So, while decentralization is the underlying theme — and the wallet and the token are fundamental constructs — these blurring lines are quite profound.
Christophe Spaenjers (Finance Professor, HEC Paris)
Presentation Overview: This talk will place NFTs in the context of the history (and future) of the art market. It will also discuss how NFTs upset existing ways of trading art and other collectibles; talk about the drivers of NFT prices, and about what those prices tell us about NFT buyers; and outline potential pitfalls for the NFT market.
Josh Fairfield (Law Professor, Washington and Lee University)
Presentation Overview: This presentation will discuss the regulatory aspects of NFTs. The presentation will include but not be limited to existing frameworks and their problems, as well as the design of new regulatory frameworks for digital uniqueness, with pros and cons of this technology.