ELI5: Explain Like I'm 5

Digital assets

Digital assets are things that we can have on our computers or on the internet. Just like how we have toys that we can play with and books that we can read, digital assets are like toys and books that we can have on our computers.

There are different types of digital assets. Some digital assets are files that we can see, like pictures, videos, and music. They can be downloaded from the internet and saved on our computers. For example, if we like a funny video on YouTube, we can download it and have it on our computer to watch anytime we want.

Other digital assets are things that we can use, like software and applications. These are programs that we can install on our computers or smartphones to help us do different things. They can be games that we can play, education programs that teach us new things, or apps that help us stay organized.

Digital assets can also be things that we own, like cryptocurrencies. Cryptocurrencies are like digital money that we can use to buy things on the internet. We can use them to pay for things without needing cash or credit cards. They are kept in a digital wallet on our computers or smartphones.

We also have digital assets like website addresses or domain names. These are like the names of places on the internet. Just like how we have addresses for our homes, websites have addresses too. We can buy and own these website addresses, like www.example.com, and use them to have our own websites.

Digital assets are like our collection of things that we can have on our computers or on the internet. They can be files, programs, cryptocurrencies, or even website addresses. Just like we take care of our belongings, we need to keep our digital assets safe and secure so that we can enjoy and use them whenever we want.