The challenges of digital property and its transmission
Last updated
Last updated
The crypto-sphere has been in constant expansion over the last years with interest growing for a variety of new use cases of blockchain technology, all of which are leading towards the rethinking of how to manage and perceive digital property rights. The development of NFTs, which experienced a meteoric rise in early 2021 illustrates the importance these rights are taking within the whole crypto sphere.
Indeed, beyond cryptocurrencies, the crypto-community is becoming increasingly involved with Decentralized Finance (DeFi) Projects, NFT Marketplaces, as well as with Play-to-Earn crypto games in which players can win Blockchain Collectibles (such as cryptopunks and worldofwomen). Current trends show that video-game developers are ever more interested in incorporating NFTs into their games.
This all goes to show that the importance of safeguarding digital property is increasing in parallel with the ever growing amount of individuals owning digital and crypto assets such as cryptocurrencies, NFT artworks, and other kinds of digital collectibles. As certain crypto-assets can considerably increase in value over time (think of blue chips like Bored Ape Yacht Club or Crypto Punk), it makes all the more sense to ensure these assets are not lost in the unfortunate event that their owners were to pass away. In line with these trends, i-Ternity seeks to become the go-to platform for individuals wishing to safeguard their traditional and digital assets and make sure they get passed-on to their chosen heirs. To achieve this goal, our team has been working alongside notaries and legal experts, and blockchain specialists to develop a service which bridges the gap between the outdated world of traditional inheritance transmission and the evolving needs of today’s innovative investors. We want to leverage the power of technology to empower our users so that they can protect their assets and have the peace of mind that comes with knowing your heritage is protected.
Following the rise of DeFi and NFTs, the new trend in the crypto space seems to be centered around the upcoming development of the Metaverse. Major companies are starting to look at this new sphere as the newest opportunity to push the frontiers of the digital realm. Most notably, Facebook which has changed its name to Meta and has annouced its intention of investing 10 billion dollars into the Metaverse in 2021 alone.
How is this relevant to i-Ternity you may ask ? Well, in this virtual world that is the Metaverse you can do many of the things we are used to doing in real life, such as interacting with others, choosing your avatar’s clothes and accessories, buying virtual property, exhibiting digital art collections, and much more. All of this implies that the ownership of digital property is only set to grow as more of our world shifts into the digital realm. From this it becomes apparent how i-Ternity’s importance and role is set to grow over the coming years.
