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Q.

What Are Digital Assets?

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1

3 Year

Comment

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0 2022-05-30T20:54:40+00:00

I have never been very good at keeping important things or documents at the right place and often failed to get them at times of need. Thanks to my mobile for storing most of my important documents in it for which I need not carry any hard copy at times and can just show the document in my phone to the person asking for it. Assets that are stored digitally are termed as digital assets. The digital era has made people’s lives easier a lot but do you know what are digital assets meaning? The digital assets are nothing but the pdfs, video, audios or more that do not have a hard copy but are stored digitally in some device or machine.

Advantages of digital assets:

Digital assets have several advantages like:

  • Low transfer fees

  • Very high security

  • Rapid transactions

  • New market opportunities

  • Advanced search is possible

Disadvantages of digital assets:
  • There can be loss of asset due to misplacement

  • Out of stock or overproduction

  • Lack of supervision

These are the chief advantages and disadvantages of digital assets

However it is to be remembered that digital assets are very much prone to market abuse or market manipulation and there is no one to regulate or supervise them hence it has more disadvantages than advantages.

The types of digital assets are:
  1. PDFs

  2. Video

  3. Presentations

  4. Audio Files

  5. Images

  6. Spreadsheets

  7. Graphics

  8. Design Files

Check out NoBroker Home Services and avail any service as per your need at an affordable price 

By now you should have understood what are digital assets meaning and their advantages and disadvantages.

Read More:

What Is Virtual Digital Assest?

What Is Digital Loan?