Types of digital asset
Cryptocurrencies
Digital money such as Bitcoin and GMRX.
Tokens
Digital credits used inside apps or platforms.
Digital media
Digital art, music files, and online game items.
Other assets
Even things like domain names.
What is an NFT?
One special type of digital asset is an NFT, which stands for non-fungible token. “Non-fungible” means it is unique and cannot be swapped one-for-one with another item the way money can. An NFT acts like a digital certificate of ownership that proves you own a specific item, such as a piece of digital art, a collectible, or an in-game object.Even though the item is digital, the NFT shows who owns it, much like a receipt or title deed. This ownership is recorded on a blockchain, so it cannot be changed or faked.
Next: Crypto Wallets
Learn how digital assets are stored and kept safe.