Digital assets are broadly defined as any digital representation of value, which is recorded on a cryptographically secured distributed ledger or any similar technology as specified by the Secretary. Digital assets include (but are not limited to) convertible virtual currency and cryptocurrency. Stablecoins.
What are digital assets? The term "digital asset" has become more common in marketing and creative communication - and with good reason. According to Venngage, 74 percent of marketers now use visuals in over 70% of their content. But, there is still a disconnect between what is considered a digital asset. Is it just any digital file? If not, what are the other criteria?
We explore the key elements of digital assets, how to evaluate their value and why digital assets are important to your business.
What are Digital Assets?
Gartner's Glossary, defines digital assets as digital material owned by an enterprise or individual, including text, graphics, audio, video, and animations. Traditionally, people have considered digital assets to include only photos and videos. Over the years, however, we've started including other digital files in our definition, such as documents, presentations, and spreadsheets.
The definition of a digital asset is constantly changing as new digital formats are emerging in business. It's important to remember that the file format is only part of the definition. The other portion of the digital asset definition is derived from the value the assets bring to the company.
There are 3 key elements that make any single file a digital asset. A digital asset must:
Be a digital file owned by an individual/company,
Provide value to the individual/company, and
Be searchable and discoverable (usually with metadata).
What kind of file types are considered digital assets?
In order to fully understand what digital assets are, here are some common digital asset types:
Photos,
Video
Audio files,
Presentations,
Graphics,
PDFs,
Spreadsheets,
Documents,
Design files,
3D files
and more
What To Know About Cryptocurrency
What is cryptocurrency?
Cryptocurrency is a type of digital currency that generally exists only electronically. You usually use your phone, computer, or a cryptocurrency ATM to buy cryptocurrency. Bitcoin and Ether are well-known cryptocurrencies, but there are many different cryptocurrencies, and new ones keep being created.
hour. And the amount of the change can be significant. It depends on many factors, including supply and demand. Cryptocurrencies tend to be more volatile than more traditional investments, such as stocks and bonds. An investment that's worth thousands of dollars today might be worth only hundreds tomorrow. And, if the value goes down, there's no guarantee it will go up again.
Paying With Cryptocurrency?
There are many ways that paying with cryptocurrency is different from paying with a credit card or other traditional payment methods.
Cryptocurrency payments do not come with legal protections. Credit cards and debit cards have legal protections if something goes wrong. For example, if you need to disputea purchase, your credit card company has a process to help you get your money back. Cryptocurrencies typically do not come with any such protections.
Cryptocurrency payments typically are not reversible. Once you pay with cryptocurrency, you can usually only get your money back if the person you paid sends it back. Before you buy something with cryptocurrency, know the seller's reputation, by doing some research before you pay.
Some information about your transactions will likely be public. People talk about cryptocurrency transactions as anonymous. But the truth is not that simple. Cryptocurrency transactions will typically be recorded on a public ledger, called a "blockchain." That's a public list of every cryptocurrency transaction — both on the payment and receipt sides. Depending on the blockchain, the information added to the blockchain can include details like the transaction amount, as well as the sender's and recipient's wallet addresses. It's sometimes possible to use transaction and wallet information to identify the people involved in a specific transaction. And when you buy something from a seller who collects other information about you, like a shipping address, that information can also be used to identify you later on.
Never click on a link from an unexpected text, email, or social media message, even if it seems to come from a company you know.
Don't pay anyone who contacts you unexpectedly, demanding payment with cryptocurrency.
Never pay a fee to get a job. If someone asks you to pay upfront for a job or says to buy cryptocurrency as part of your job, it's a scam.
Blackmail scams
Scammers might send emails or U.S. mail to your home saying they have embarrassing or compromising photos, videos, or personal information about you. Then, they threaten to make it public unless you pay them in cryptocurrency. Don't do it. This is blackmail and a criminal extortion attempt. Report it to the Alien Wizbot Crypto Recovery immediately.
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