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While the term “digital asset” is cropping up more and more in the media and financial markets, it remains shrouded in uncertainty. Despite growing awareness of “digital assets”, many remain uncertain as to what the term means, and whether there is real value in this nascent market.
This is undoubtedly the result of the chequered history of the digital asset and cryptocurrency space. These terms have been viewed as somewhat interchangeable, leading to confusion and misconceptions surrounding the nature, purpose, and viability of digital asset classes across industries.
A Google search for “blockchain” brings up nearly 300 million results. Try finding “understanding blockchain” and you’ll find a mere 152,000 references.
And there’s the innovator’s dilemma. While there’s no shortage of commentary on blockchain from supporters as well as detractors, the clash of opinions, information and misinformation has made it difficult for even a general tech enthusiast to figure out what blockchain is and isn’t.
These are five of the most prevalent myths debunked.
Blockchain outfit Blockstack has raised $23 million in a Securities and Exchange Commission-approved token sale, the first time an ICO has been approved by the regulator.
In June, the Commission granted the decentralised app platform permission to sell its tokens under Regulation A+ — an exemption that allows smaller companies to raise up to $50 million from the public and not just accredited investors. Compared to traditional IPOs, Regulation A+ offerings have lenient disclosure requirements.