Digital Assets
Digital assets are electronic files or content that are stored and transferred digitally. These can include cryptocurrencies like Bitcoin and Ethereum, as well as non-fungible tokens (NFTs), digital art, and other forms of intellectual property such as music or videos. Digital assets exist only in electronic form and are often managed using blockchain technology, which ensures security, transparency, and immutability. Digital assets can be bought, sold, or traded on digital platforms, and their ownership is recorded digitally. They have gained popularity in finance and entertainment industries due to their flexibility and ease of transfer.
Example
Bitcoin, a digital currency, is a popular digital asset that can be traded or used for purchases online.
Key points
• Digital assets include cryptocurrencies, NFTs, and electronic content.
• Managed through secure platforms like blockchain.
• Increasingly used in finance and creative industries.