25th October 2024 Digital Bytes

Inheritance: managing digital assets in the digital afterlife  - in the digital age, personal identities are increasingly tied to digital assets such as cryptocurrencies, social media accounts and NFTs, whereby necessitating effective management strategies. The digital asset management market, valued at USD4.22 billion in 2023, is projected to grow at 16.2% annually until 2030. However, traditional inheritance frameworks are struggling to adapt, raising vital questions about securing digital legacies. Establishing digital wills and employing blockchain technology, including smart contracts, can facilitate seamless asset transfer and ensure that individuals' wishes are honoured. Addressing the challenges of privacy, legal complexities and emotional factors is crucial for protecting one’s digital legacy.

Cryptocurrency trends: what to expect in the next five years - cryptocurrency is poised for significant growth over the next five years, driven by increased institutional and retail adop…