As we all know, the digital world is here to stay. Nowadays, we are used to hearing about non-tangible goods, that is, values that we cannot hold in our hands but are important to us. That’s why, this time, we are sharing with you four common questions regarding digital assets which will surely prove quite useful.
What are digital assets?
Among the various types of digital assets available, the most popular ones are social network profiles, digital goods (music and e-books), online sales platforms, automatic debits relative to services, virtual currencies and/or means of payment, blogs, e-mail accounts, data stored in clouds, and NFTs.
Some of these assets have a value of their own and are capable of generating income. In other cases, their value lies in their emotional aspect, which is a quite considerable feature.
In the absence of specific international regulations and norms, it is important to determine what will happen with these assets, as it is the case with other types of goods.
What is a crypto asset?
Crypto assets are digital assets that use a type of technology, known as blockchain, that includes cryptography, so they are also called “cryptographic assets”. There are several classes of crypto assets which differ in their use, the object they represent, and their stability, fungibility, and proof of identity, among other variables.
What is an NFT?
A Non-Fungible Token is a special kind of crypto asset that represents a unique object or asset. NFTs are commonly used to represent exclusive and unique digital pieces such as works of art, avatars in games and/or the metaverse, as well as to identify and trace lots and/or products.