Digital Commodity

A digital commodity is an asset that exists in a virtual format and can only be transferred or traded electronically. Unlike physical commodities such as gold or oil, digital commodities are intangible and are often represented on blockchain networks. Examples include cryptocurrencies like Bitcoin, digital tokens, or other blockchain-based assets that hold value and can be exchanged. Digital commodities have gained prominence with the rise of blockchain technology. They offer new ways to store, transfer, and trade value in a digital-first economy. Digital commodities can be traded or transferred instantly across borders using electronic networks.