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A digital asset management (DAM) is an integrated structure that combines software, hardware, and/or other services to manage, store, ingest, organize, and retrieve digital assets. These systems enable users to find and use content when needed.
Executive Order 14067, officially titled Ensuring Responsible Development of Digital Assets, was signed on March 9, 2022, and is the 83rd executive order signed by U.S. President Joe Biden. The ultimate aim of the order is to develop digital assets in a responsible manner. [ 1 ]
Digital asset management (DAM) may focus on the electronic management of any form of a digitally stored piece of information. DAM is certainly strategic, while MAM is almost always tactical. Both asset management primarily reflect long-term stored content that is used for archiving, preservation, and most notably reuse.
The House Financial Services Committee asserts that the FIT21 Act is "an important step towards achieving regulatory clarity for digital assets", with intent to offer strong consumer safeguards and the regulatory clarity that is necessary for the digital asset industry in the United States to prosper. [1]
An NFT is a data file, stored on a type of digital ledger called a blockchain, which can be sold and traded. [9] The NFT can be associated with a particular asset – digital or physical – such as an image, art, music, or recording of a sports event. [10] It may confer licensing rights to use the asset for a specified purpose. [11]
Non-current assets are long-term investments, versus current assets that a company can quickly turn into cash.