Unlocking the Power of Digital Assets: Insights from a Cryptocurrency Development Company

4 min read | By Postpublisher P | 06 October 2023 | Technology

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Digital Assets

They are copyrighted intangible files and can be classified into textual content, still images and multimedia. These files are essential for the success of any business on the Internet, having a great use for marketing actions, brand promotion and sales.

For a virtual file to be considered a digital asset, it must be easily accessible and have metadata, which is asset information that informs about its content and facilitates its organisation. Examples of digital assets are images, videos, software, electronic books, blogs, among others.

Most digital assets are accessible to the public at low cost or even for free, although they are highly valuable. It is through them that a company can generate value for the consumer and add value to its brand in the digital environment. In addition, they are extremely important for marketing and sales actions, especially within digital marketing.

Like a company’s brand, the majority of digital products may be given a value, whether it be monetary or intangible. Some digital things, like a family photo on your phone snapped at a gathering, could only have value to the originator or to one person. Others might be useful to a larger audience.

In the past, organisations owned and leveraged digital assets like data or scanned documents to generate value. But when cryptocurrencies and blockchain were introduced in 2009, digital assets were once more redefined. Through tokenization on a blockchain, anything that existed in digital form became something that could be used to generate value.

Characteristics of digital assets

These assets, in addition to having certain characteristics of their own, share factors that occur in all intangible resources:

✔ They have no physical form.

✔ They cannot be experienced simultaneously by the five senses.

✔ It must be a product with which you can get a benefit.

On the other hand, a digital asset may have the following characteristics:

✔ It is made up of data and is therefore digital in nature.

✔ Only a maximum of two senses can directly participate in its perception: sight and hearing.

✔ Although it is an intangible or non-physical asset, it is stored in a physical way. Therefore, although a patent is an intangible asset, it does not have to be digital. Another case would be that of a song, photograph, video or document that is digitised. In this case, we would be talking about a digital file, which would lead us to classify it as a digital asset.

Types of digital assets

According to the utility and the way to achieve a return on the digital asset in question, it can be classified as follows:

✔ 𝐀𝐬𝐬𝐞𝐭𝐬 𝐰𝐢𝐭𝐡 𝐚 𝐟𝐢𝐱𝐞𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐫𝐢𝐜𝐞: These are assets that, when traded, have an established value to the general public.

✔ 𝐀𝐬𝐬𝐞𝐭𝐬 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐚 𝐟𝐢𝐱𝐞𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐫𝐢𝐜𝐞: On the other hand, in this case, we find assets that do not have an assigned value and that may or may not be traded from time to time.

✔ 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥𝐥𝐲 𝐨𝐮𝐭𝐝𝐚𝐭𝐞𝐝 𝐚𝐬𝐬𝐞𝐭𝐬: These types of assets must be continually updated in order not to become obsolete and to continue to be useful in the future.

✔ 𝐀𝐬𝐬𝐞𝐭𝐬 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐠𝐚𝐩: These are those assets that do not need any updating because they are considered as unique pieces that either cannot be updated or modified, or, if they can, in a negligible way.

In general, in these two dichotomies that have been presented, the vast majority of digital assets are usually covered.

Examples of digital assets

Some examples of digital assets can be:

✔ 𝐂𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐢𝐞𝐬: It is that group of currencies that exist digitally. They usually have an established price range and do not have a need for constant updating, with some exceptions. Therefore, they are not affected by the technological gap in the short and medium term.

✔ 𝐕𝐢𝐝𝐞𝐨 𝐠𝐚𝐦𝐞𝐬: This is a digital asset with a fixed market price and with a limited technological gap, since a video game is not updated forever, but rather a new one is created.

✔ 𝐏𝐡𝐨𝐭𝐨𝐠𝐫𝐚𝐩𝐡𝐬 𝐨𝐟 𝐚 𝐟𝐚𝐦𝐢𝐥𝐲 𝐠𝐚𝐭𝐡𝐞𝐫𝐢𝐧𝐠: These digital files can become an asset if some kind of return can be obtained from them. An example would be owning the photos of a famous person’s family get-together and selling them to a magazine willing to buy them. Therefore, they do not have a technological gap and do not have a fixed market price either.

✔ 𝐀𝐥𝐛𝐮𝐦 𝐛𝐲 𝐚 𝐫𝐨𝐜𝐤 𝐠𝐫𝐨𝐮𝐩: Music can be obtained or purchased physically or digitally. In both ways, you end up listening to practically the same result, only the way of storage and playback changes (the same happens in movies and series). Beyond the available formats, they can therefore be a digital asset with a fixed price and little technological lag.

✔ 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞: A computer program of this type usually has a fixed price and has the risk of a constant technological gap, since it must meet the continuous demands of users.

✔ 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐚𝐫𝐭𝐢𝐬𝐭𝐢𝐜 𝐩𝐢𝐞𝐜𝐞: In this case, we are referring to a digital asset that, being a unique and unrepeatable piece, has a value that has not yet been fixed and can fluctuate with some ease. In addition, it does not have the problem of the technological gap since, being a unique asset and of an artistic nature, it does not have this need.

With these examples, practically the entire spectrum of digital assets that we can find can be covered, although, as in all fields, this will grow as new technologies emerge.

Cryptocurrency Development Company

Cryptocurrency development company

A cryptocurrency development company is a business entity that specializes in creating, designing, and implementing various aspects of cryptocurrencies and blockchain technology. These companies offer a range of services to individuals, organisations, and businesses interested in developing their own cryptocurrencies, blockchain networks, and related applications.

The services provided by a cryptocurrency development company may include:

✔ 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: Designing and developing custom blockchain networks with specific features and consensus mechanisms.

✔ 𝐒𝐦𝐚𝐫𝐭 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: Creating self-executing, tamper-proof smart contracts that automate various processes and transactions on blockchain platforms.

✔ 𝐂𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧: Developing new cryptocurrencies or tokens based on existing blockchain platforms (like Ethereum, Binance Smart Chain, etc.).

✔ 𝐖𝐚𝐥𝐥𝐞𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: Building secure digital wallets for storing, sending, and receiving cryptocurrencies.

✔ 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: Creating cryptocurrency exchange platforms where users can trade various cryptocurrencies.

✔ 𝐈𝐧𝐢𝐭𝐢𝐚𝐥 𝐂𝐨𝐢𝐧 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠 (𝐈𝐂𝐎) / 𝐓𝐨𝐤𝐞𝐧 𝐒𝐚𝐥𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬: Assisting with the launch and promotion of new cryptocurrencies or tokens through fundraising events. Designing and creating decentralised applications that run on blockchain networks is known as decentralised application development (DApp).

✔ 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬: Providing guidance on blockchain technology, regulatory compliance, security measures, and overall cryptocurrency strategy.

✔ 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐀𝐮𝐝𝐢𝐭𝐬: Conducting audits to identify vulnerabilities and security risks in blockchain projects and smart contracts.

✔ 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬: Integrating blockchain technology into existing systems or applications to enhance transparency, security, and efficiency.

✔ 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐏𝐑 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬: Assisting with marketing, branding, and public relations efforts to promote new cryptocurrency projects.

Cryptocurrency development companies play a crucial role in advancing the adoption and innovation of blockchain and cryptocurrency technology. They cater to a wide range of clients, including startups, established businesses, and even governments looking to explore the potential of blockchain in various industries such as finance, supply chain, healthcare, and more. It’s important to note that due diligence is essential when selecting a cryptocurrency development company, as the success and security of a project often depend on the expertise and professionalism of the chosen partner.

Cryptocurrency Development Services

Cryptocurrency Development Services

✔ 𝐂𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 The digital money that controls the flow of money in the digital world. The world of fiat money transactions always keeps pushing the limits and the fees that are generated for that transaction seem to be of great value. This strategy has changed after the introduction of cryptocurrency as a means of transaction. So, it’s time to make that change in the world with your own digital currency. Epixel Solutions, one of the best cryptocurrency development companies, offers you a lot of development and related services.

✔ 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐜𝐫𝐲𝐩𝐭𝐨𝐜𝐨𝐢𝐧𝐬 Now develop or create your own cryptocurrencies / cryptocurrencies and circulate as a new digital currency to the whole world. Create your own brand for your company to activate it for quick transactions and demand, like an altcoin development platform.

✔ 𝐂𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐰𝐚𝐥𝐥𝐞𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 A well-secured, multi-storage wallet keeps your most popular digital currency. With experienced developers, the functionalities of the digital wallet system are therefore highly customizable.Cryptocurrency wallet development refers to the process of creating software applications or solutions that enable users to securely store, manage, and interact with their digital assets, such as cryptocurrencies. These wallets provide a means for users to store their private keys, which are essential for accessing and controlling their cryptocurrency holdings on various blockchain networks. Wallet development involves creating user interfaces, implementing security features, integrating with blockchain networks, and ensuring a smooth user experience.

✔ 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 An exclusive platform available with a major cryptocurrency for exchange. We could set up a whole new cryptocurrency trading system with simple matrices and steps to trade.

✔ 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 A new system without third party interference and secure distributed database system is offered. From secure transactions to custom applications are being developed under this platform and also the development of blockchain applications.

✔ 𝐒𝐦𝐚𝐫𝐭 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 With us you develop a digital contract coded with your requirements. Epixel, a platform mined from Ethereum, provides the greatest services for developing smart contracts, including audits as needed.

✔ 𝐇𝐲𝐩𝐞𝐫𝐥𝐞𝐝𝐠𝐞𝐫 a special open source development platform offered by Epixel developers for creating special permissions apps. This hyper ledger development develops new projects that adapt to any type of organization, such as finance, e-commerce, etc.

✔ 𝐈𝐂𝐎 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 / 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 Now it’s easy to simplify initial fundraising with our ICO development services. A complete solution is provided with token actions, action audits, etc. according to the corresponding requirements.

✔ 𝐈𝐂𝐎 𝐦𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 A solution to make your ICO campaign more successful with an additional marketing package. From local listings to digital marketing, paid services to SEO, etc. they are special additions to the package.

✔ 𝐏𝐮𝐛𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐖𝐡𝐢𝐭𝐞 𝐏𝐚𝐩𝐞𝐫 The main part of each project-related blockchain project, with our experienced editors we provide you with a detailed whitepaper. Full details will be available with this document to be quickly approved with your idea/project.

✔ 𝐓𝐨𝐤𝐞𝐧 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 developing a well-protected token that contains the value of a specific asset that can be traded, sold, etc. We offer token development using the Ethereum platforms such as ERC20, ERC223, ERC777 tokens, etc.

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