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href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin and <strong><a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum./n
In addition, custody of digital assets needs to have good security and internal managing functions to make sure that the customer’s assets are kept securely.</p>\n<p>Different from traditional assets, digital ones are a bit more uncertain. For instance, an individual will no longer be able to access the assets if he loses his <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private key</strong></a>. It shows that there is a major risk in the long term.</p>\n<p>In this sense, businesses typically choose <strong>a third-party custodian </strong>to control and keep their digital assets. To guarantee that safety and security procedures are up to par, these custodians must get a license from regulators within their area.</p>","level":"easy","meta_title":"What is Digital Asset Custodian? Definition & Meaning | Crypto Wiki","meta_description":"Digital Asset Custodian meaning: Digital Asset Custodian - is a person who is committed to managing valuable assets on behalf of an investment or customer.","meta_keywords":null,"language":"en","created_at":"2022-03-07T14:24:32.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-digital-asset-custodian"},"prevSection":{"id":270,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Digital Art?","slug":"what-is-digital-art","section":"D","keyword":"Digital Art","status":"published","definition":"is one that was made using digital technology.","content":"<p>Digital art started existing in the 1960s. <strong>To specify, it is any artistic creation that can be made using digital technology.</strong></p>\n<p>After different computer devices appeared in the world, ambitious artists began searching for ways to implement new types of media into their artworks. So, they started making <strong>graphic imagery, photography, digital installations, video art, and so on.</strong></p>\n<p>Nonetheless, it wasn't long ago that the concept of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">non-fungible tokens (NFTs)</strong></a> emerged, propelling digital art to new heights. It demonstrated how cryptographic keys may be used to assign more concrete intellectual property rights to digital art.</p>\n<p>NFTs, which are often based on <strong>the <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum blockchain network,</strong> have boosted the value of digital art and made it far more attractive. Furthermore, members of the crypto community have established whole digital art marketplaces to sell these works of art, media, or other digital mementos.</p>","level":"easy","meta_title":"What is Digital Art? Definition & Meaning | Crypto Wiki","meta_description":"Digital Art meaning: Digital Art - is one that was made using digital technology.","meta_keywords":null,"language":"en","created_at":"2022-03-07T14:14:27.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-digital-art"},"currentChapter":"D","currentSection":"what-is-digital-asset","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-digital-asset","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter D
What is Digital Asset?
Digital Asset MEANING:
Digital Asset -
is anything digital of value.
Let's find out Digital Asset meaning, definition in crypto,
what is Digital Asset,
and all other detailed facts.
From a crypto perspective, usually, the value is tokenized, and the outcome of tokens can showcase complete control or fractional control that is validated and recorded on the blockchain.
At the same time as blockchain and cryptocurrency assets continue to rise, digital asset use cases will expand, bringing up a new universe of options for wealth accumulation.
Cryptocurrencies, crypto tokens, or real-world assets that are stored on the blockchain in the form of a token that symbolizes their worth and is identifiable by its unique ID, can all be referred to as digital assets. These items can take the form of a document, archives, service, 3D printing raw file, accounting ledger, and other similar products.
The asset's worth can be established by a currency unit, kilos, ounces, or liters. It can also be established by a digital asset such as digital rights to a film, a non-fungible token, devotion, or reward points. It can also be a record that is quantifiable on the blockchain, such as the number of users or views provided to the owner.
Furthermore, digital assets can be employed as a tangible reflection of a real-world item in its digital form, completed with a distinctive identification number, or as a means of exchange to purchase products or services.
