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Posted In: Insight

Posted By: Singularity Legal

Tags: Digital Assets Dispute resolution, Singularity Legal

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Digital Asset Disputes Demystified

The digital asset industry has grown at a rapid pace since the inception of bitcoin in 2008, accelerating the emergence of the new digital finance economy. These assets, have fundamentally altered the way we think about money and the transfer of value. With the advent of Web3, digital assets have resulted in the development of new investment vehicles and opportunities with thousands of different projects, use cases, and applications.

As the market continues to grow and evolve, so do the challenges and disputes that arise within this dynamic landscape.

In recent years, this industry has seen a high volume of trades, growth, volatility, bad governance, and large collapses. While the untapped nature of digital assets presents a wealth of opportunities, it also carries a deep potential for misuse and disputes. Efficient management and resolution of such disputes can make or break these opportunities and set grounds for future growth.

This insight notes the latest trends and global jurisprudence relating to non-fungible tokens (NFTs), metaverse, decentralized finance (DeFi), stablecoins, and digital currencies. It explores the myriad disputes faced while dealing with these assets, and provides an overview of the available options and solutions related to these disputes.