PLAY-TO-EARN GAMES
France opens a market for games based on monetizable digital assets 2024 COULD SEE FRANCE TAKE THE LEAD IN REGULATING PLAY-TO-EARN GAMES BASED ON JONUM AS BENJAMIN GREZE AND ANNABELLE RICHARD REPORT
I n recent years, many countries have seen a significant increase in the offer of games based on Web3 technologies and the development of play-to-earn business models. According to a report from the French Senate, “the French National Gaming Authority (ANJ) estimates that between 1,200 and 2,500 Play to Earn games are in the development phase, with twelve billion dollars invested in these technologies in 2022. In the French sector, the ANJ lists fifteen games of this type developed or under development in 2022”. 1 Based on these observations, France is about to launch a three-year experiment modifying the current gaming regulatory framework to specifically authorize games based
on monetizable digital objects known in French as JONUM 2 . It represents a relaxation of the existing gambling and online gambling regimes, aimed at incentivizing investments in NFT- based games and business models, with the objective that France remains a leading country in this type of entertainment. On July 5, 2023, the French Senate adopted the draft law to secure and regulate the digital space, including its article 15, dedicated to ensuring the development of the monetizable digital game object economy in France 3 . The French National Assembly made several amendments to the text and then adopted this draft law at first reading on October 17, 2023 4 . A Joint Committee will be set up shortly to reconcile the
1 Report No 777 (2022-2023) of the French Senate on the draft law to secure and regulate the digital space of June 2, 2023, filed on June 27, 2023, Projet de loi visant à sécuriser et réguler l’espace numérique - Sénat (senat.fr). 2 In French, JONUM stands for Jeux à Objets NUmeriques Monetisables. 3 Text No 156 (2022-2023) adopted by French Senate on July 5, 2023, Sécuriser et réguler l’espace numérique (senat.fr) 4 Draft law No 175, as modified, by French National Assembly, October 17, 2023, Projet de loi n°175 - 16e législature - Assemblée nationale (assem- blee-nationale.fr).
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IMGL MAGAZINE | JANUARY 2024
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