Who Actually Owns digital Assets? – Arabian Business

Are you able to keep in mind when the concept of ‘shopping for’ on-line media was nonetheless controversial? It could seem to be a bygone period, nevertheless it wasn’t that way back – comparatively talking. Again then, many shoppers nonetheless most well-liked the concept of proudly owning bodily belongings relatively than digital information.

Quick-forward to right this moment and it’s simple to see how quickly this panorama has modified. iTunes and related platforms are nonetheless going sturdy, providers equivalent to Amazon Prime provide a alternative of each bodily and digital media, and a few subscription-based platforms like Netflix have deserted bodily media altogether.

Whereas some nonetheless choose to gather bodily media, now we have witnessed an overarching shift in the direction of digital leisure. I nonetheless personal CDs and DVDs, for instance, however – in all honesty – I hardly ever play them.

Can we personal what we're shopping for?

Whereas we’ve develop into used to purchasing on-line media, that also begs one essential query: what does it imply to personal a digital asset? At first look, this may increasingly appear comparatively easy, however digital possession isn't so simple as it appears.

If you happen to’re a gamer, it's possible you'll keep in mind utilizing seventh-gen consoles to buy your first ever digital titles. Strive taking part in those self same video games right this moment utilizing ninth-gen {hardware}. Some should work, however most likely gained’t.

As our world continues to maneuver on-line, individuals from all segments of society and trade wish to guarantee their digital belongings are distinctive and protected, and non-fungible tokens (NFTs) characterize one potential resolution.

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