Digital assets as instruments to facilitate online financial transactions

Cryptocurrencies have been driving economic models that serve as instruments to facilitate financial transactions, this if we contrast the potential that the different digital assets are acquiring, compared to the worn out classic financial model that still supports the world economy.

The frank emergence of digital assets within the blockchain does not cease to surprise us, such is the case of non-fungible tokens whose traceability scheme within the crypto market has been positioning itself strongly, to the point of attracting the attention of multiple international corporations.

In the case of non-fungible tokens, in addition to attracting the attention of multiple international corporations, this segment of the crypto market, besides continuing to grow exponentially in economic terms, is also attracting the attention of different political personalities, scientists, artists, and athletes.

It is worth mentioning that this new cryptocurrency market scheme has become an extremely attractive option, because it serves as an instrument for sharing, selling creative works, and simultaneously offers the opportunity to monetize and generate income online.

However, it should be clarified that non-fungible tokens are digital assets fundamentally because they are blockchain assets based on songs, images or videos, which are assigned unique blockchain addresses that are not interchangeable or replicable.

These unique addresses within the blockchain, have an economic advantage and that is that they can be bought, sold or exchanged as you would any other classic financial instrument.

➊ Bob Legters Will the growth in NFTs change the trajectory of the banking and payments industry?. Link

The cover image was designed by the author: @lupafilotaxia, incorporating the public domain image background: Author: ArtTower