– The term “digital assets” is typically used in reference to blockchain technologies and assets like cryptocurrencies, tokens, staking, perpetual contracts and smart contracts.
What Is a Digital Asset?
A digital asset is a type of virtual property or security with economic value that can be bought, sold and stored digitally. Nowadays, the term “digital asset” is typically used in reference to blockchain technologies and assets like cryptocurrencies, tokens, perpetual contracts, smart contracts, staking, liquidity providers, and NFTs (non-fungible tokens).
The most commonly used types of digital assets in the world are digital photos, illustrations, websites, apps, videos, audio and other data. However, these are not commonly referred to as digital assets like blockchain-based assets.
Most Popular Types of Blockchain Digital Assets
– Cryptocurrencies (Bitcoin, Dogecoin, Litecoin, etc.)
– Tokens (governance, security, synthetic, utility, etc.)
– NFTs (collectables, art, videos, audio, property, gaming, etc.)
– Perpetual contracts (derivatives trading)
– Staking (blockchain dividends)
– Smart contracts (programs on blockchains that run when predetermined conditions are met)
– Apps & websites (banking, trading, streaming, e-commerce, etc)
How and Where to Get Digital Assets
Web3 wallets such as MetaMask are another option for buying, selling, and holding cryptocurrencies. We use a MetaMask wallet to use decentralized exchanges (DEXes) and to invest in decentralized finance (DeFi).
We also use the crypto fund Kingsly Digital Asset Fund for investing in crypto and blockchain tokens. Some crypto funds, like Kingsly’s, have access to hundreds more cryptos compared to the limited selection offered on crypto exchanges. Funds are sometimes able to buy tokens before crypto exchanges list the tokens.
Getting Started with Digital Investing
Image by pch.vector on Freepik
Overview:- Digital asset funds typically outperform traditional investments like the S&P 500 and Dow Jones and can be a great investment option for family offices, institutions and accredited investors.Digital Asset Fund Investments Investing...
Where to Start Digital Investing Digital investing is the process of using digital technologies to invest in digital assets. Digital investing provides investment opportunities—such as cryptocurrencies, tokens, staking, validator nodes,...
Overview:- The new digital economy consists of many types of digital assets, many of which are blockchain-based.Digital Assets Examples A digital asset is an item with economic value that can be bought, sold and stored digitally. Many new digital...
Profit Spotters is a digital investing research firm, financial blog, and the creator of the REDI financial movement (Retire Early with Digital Investing). Content on this site is for general informational, educational or entertainment purposes. We do not offer financial or legal advice. Opinions are ours. Images by Freepik and Iconscout. Some links on this site are advertiser or affiliate links that help us earn a commission and operate the site free of charge for visitor like you. By using this site or subscribing to our newsletter you agree to our Terms.