After the #Web3 community expressed concerns that the Data Act's provisions on smart contracts might kill the industry, legislative negotiators from the #European Union came to an agreement on new regulations known as the Data Act.

The ideas, which are a part of a larger revision to the data regulations controlling internet-connected equipment, have alarmed the Web3 #community because of their nebulous nature and possible disastrous effects on #decentralised transactions governed by immutable code.