Virtual Currencies and other Digital Tokens

Virtual Currencies and other Digital Tokens A. Digital tokens are forms of digital assests that represent ownership of digital items. There are two types of digital token: 1. Fungible Tokens – Fungible tokens are interchangeable with and exchangeable for equivalent digital tokens and are divisible into smaller units. Fungible tokens are also known as Virtual Currencies or Cryptocurrencies. 2. Non-Fungible Tokens (NFTs) – NFTs are digital assests that signify ownership of a unique or scarce property that is not interchangeable with other token and cannot be divided into smaller units. B. The current market value of a virtual currency or other digital token is a countable resource. C. Virtual currencies and digital tokens that can only be exchanged for virtual goods and services within a limited virtual economy are not countable resources.