When it comes to the internet, a user always shares data on whatever site he visits. The classification of the data being shared is what answers the question, “how are digital assets and digital footprints related”.

A quick note about digital assets and digital footprints:

It is imperative to discuss or talk about these concepts separately before learning how digital assets and digital footprints relate to one another. This will open the window to seeing the dissimilarity between these concepts, even though they appear to be extremely similar, and the underlying ideas are completely dissimilar.

However, because they are connected to the internet, it can be challenging for some people to tell the difference between these two. Below is a little light on what digital assets and digital footprints are.

Digital assets

The electronic files that are saved digitally are referred to as digital assets. For example, your NFTs collection, estate on Metaverse, various tokens and cryptocurrencies like Bitcoin, Ethereum, USDT, Tether, Non-fungible tokens (NFTs), such as works of art, collectibles, or items used in video games or the virtual world, Web3 domain names, etc.

Digital assets can be used for payments, storing intangible information like videos, or creating digital art. Individuals can own digital assets. Thus, you can purchase or sell them. You can occasionally transfer digital assets as well. Additionally, you can keep digital data on a computer, server, or in the cloud.

Digital data exchanges are recorded on data blocks in a blockchain, an electronic ledger.

The major thing with digital assets is they are privately secured. However, they are still stored on internet platforms and apps like Web3 platforms and dApps, which share data about you.

Digital Footprints

Cyber shadow has several names, including electronic footprint and digital shadow. Widely referred to as “digital footprints,” they preserve a user’s web surfing history and store them as cookies, acting as an online “footprint” or trail.

A digital footprint is a term that describes the trail, traces, or “footprints” people leave online. This refers to information communicated online, such as when you register for a forum, send emails with attachments, post movies or digital photographs, or engage in any other activity that makes your personal information visible to others.

Footprints can be categorized into two:

  • Passive: When data traces are produced without the user’s knowledge.
  • Active: A user intentionally creates personal data by disclosing personally identifiable information through social media or other websites.

How are digital footprints created?

  1. Establishing an Online Identity: You can’t ignore the impact of the internet on our lives in the digital age, where everything from simple to extremely complicated jobs is conducted online. One tends to create online personas in many forms to stay up with this technologically evolved society. Some typical methods include creating social network profiles, using user names to log onto websites, engaging in chats, etc.
  2. Websites and Online Shopping: Retailers and product review websites frequently place cookies on your computer to track your browsing activity. This enables targeted adverts to present you with items you’ve recently read about or looked at online.
  3. Social media: Every time we retweet a tweet, comment on a post on Facebook, share information there, or publish a photo on Instagram, a record is left. These social networking site systems keep track of users’ activities and enable digital tracing information to include personal interests, social groups, behaviors, and locations. Take caution with the content you participate in.

What is the relationship between digital assets and digital footprints?

You can easily tell the difference between digital assets and digital footprints now that you know their differences. Let’s now have a look at how they relate to one another. 

The data provided by digital assets and digital footprints can be related and used in two ways; Positive and negative ways. We will talk about both approaches and their real-world uses.

Positive way

The deployment of digital assets and footprints in practice can be shown in the following ways.

  • Both reveal details about you: The fact that they both provide your information is the first item. You may or may not choose to reveal your private information. However, you accept most of the rules and guidelines for sharing personal data.
  • Digital assets and footprints can be used to enhance the Web3 user experience: There are advantages of using the internet through digital assets and digital footprints. Imagine that you have been posting about a certain product and visiting numerous related websites. As digital assets and digital footprints, this data is being saved.

These can therefore be used to provide a customized experience for the user following the browser and website algorithms. Ultimately, it will improve the user’s experience and make it more effective and enjoyable.

Negative way

  • Various fraudsters can use these: Whether it is hacking with your approximate location or using your personal information, people in this sector are capable of committing several frauds. Your privacy is not the only thing that is in danger. But it also highlights how crucial it is for everyone to exercise caution when using the internet and visiting various websites.

Your digital assets and digital footprints can be used by businesses to deceive you.

The corporations may learn a lot about your interests with the aid of your digital assets, such as the images and movies you have submitted.

  • Without your knowledge, your digital assets and footprints may be used to make money: Yes! Businesses and organizations that gather your data may use it without your knowledge or consent. The most prevalent illustration is when various businesses and groups purchase this data. In this situation, your online behaviors and interests are also significantly revealed by your digital footprints and digital assets.

Conclusion

How are digital assets and digital footprints related? This has emerged as a big topic due to internet usage. Digital assets and digital footprints can be related to one another in various ways. There are both nice and terrible people. We covered all the information you required in this section.

 

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