Common use of Digital Assets Clause in Contracts

Digital Assets. As used herein, “Digital Asset” means a digital asset (also called a “cryptocurrency,” “virtual currency,” “asset backed token” representing ownership in underlying physical commodities (“ABTs”), “digital asset,” or “virtual commodity”), such as bitcoin or ether, which is a digital representation of value based on (or built on top of) a cryptographic protocol of a computer network. As used throughout this Agreement, “Digital Asset” means only Supported Digital Assets (defined below in Section 2.3).