#BinanceTurns8

$BTC

$SOL

$XRP

Digital assets are any items that exist in digital form and have value. They can be owned, traded, or used online, often stored and transferred using digital technology.

Types of Digital Assets

1. Cryptocurrencies:

Example: Bitcoin, Ethereum, Solana

Use: Digital money used for transactions or investment.

2. Tokens:

Utility tokens (used for services) and security tokens (like digital shares).

Often built on existing blockchains (e.g., ERC-20 on Ethereum).

3. NFTs (Non-Fungible Tokens):

Unique digital items like art, music, videos.

Ownership is proven through blockchain.

4. Digital Documents & Files:

PDFs, presentations, and multimedia used in business or marketing.

5. Virtual Real Estate & Game Assets:

Used in the metaverse or blockchain games (e.g., Decentraland, Axie Infinity).

Key Features:

Blockchain-based (often): Ensures security, transparency, and ownership.

Transferable: Can be sent or sold to others.

Decentralized (for many): Not controlled by one central entity.

Stored digitally: In wallets, drives, or cloud services.